Ami Ben David argues that the security token sector is not about replacing trusted middlemen. Rather, it needs them to support trust in the assets.
Morgan Creek Joins $65 Million Series B for Blockchain Home Equity Loan Firm
Blockchain-based home equity loan startup Figure Technologies has raised $65 million in a round backed by Morgan Creek.
London Stock Exchange Leads $20 Million Fundraise for Blockchain Startup Nivaura
Nivaura, a startup tokenizing traditional financial instruments, has raised $20 million from investors led by the London Stock Exchange Group.
Swiss Bank Julius Baer to Offer Digital Asset Services
Swiss private bank Julius Baer has partnered with a cryptocurrency banking startup to offer digital asset services later in 2019.
Security Token Startup Templum Shifts to Private Blockchains
Security token specialist Templum is shifting from public to private blockchains through a new partnership with enterprise vendor Symbiont.
A Group of 30 Global Central Securities Depositories Is Exploring Crypto Custody
A group of central securities depositories (CSDs) is seriously looking at how they might custody digital assets.
Thailand Green Lights Issuance and Trading of Blockchain Securities
The Thai National Legislative Assembly has approved changes to the law allowing tokenized securities to be issued and traded in the country.
Pantera Has Already Raised $125 Million for Its Third Crypto Fund
A slide deck obtained by CoinDesk shows Pantera has secured the majority of its third venture fund, though the bear market has slowed progress.
tZERO Is Live, But Volume Is Light and Its Token’s Price Is Down Sharply
Daily trading volume on the recently launched tZERO platform is less than 1% the total supply of the only listed security token.
NYSE Arca Filing Kicks Off Countdown for New Bitcoin ETF
The clock just started on the latest effort to launch a bitcoin ETF from NYSE Arca and Bitwise Asset Management.
Luxembourg Passes Bill to Give Blockchain Securities Legal Status
Securities issued on blockchains in Luxembourg now have the same legal status as traditional securities, after the passing of a new bill.
HSBC Exec Says Using Blockchain Slashed Forex Trading Costs by 25%
An HSBC executive has told Reuters that using blockchain slashed the costs of settling foreign exchange trades.
JPMorgan Moving Its In-House Crypto to Real-World Trials: Report
JPMorgan’s in-house crypto token is moving to real-world trials in “a few months,” according to a CNBC report.
NYSE Parent ICE Anticipates Over $20 Million Spend on Bakkt This Year
NYSE parent firm Intercontinental Exchange is likely to spend over $20 million building its bitcoin futures trading platform Bakkt in 2019.
The Security Token Market Needs Better Lingo
“STO” was coined to distinguish a compliant token offering from ICOs, but the term fails to capture all the types of security tokens.
SEC Commissioner Says Bitcoin ETF Will Be Approved ‘Eventually’
A U.S. SEC commissioner, Robert J. Jackson Jr. has said he believes a bitcoin exchange-traded fund will ultimately be approved.
Bithumb Exchange Launches OTC Trading Desk for Digital Assets
South Korea-based crypto exchange Bithumb has launched a global OTC trading desk for digital assets.
Credit Suisse Arm Sees Blockchain Benefits After Fund Distribution Trial
A Credit Suisse subsidiary has completed a blockchain trial for fund transactions, concluding the tech offers “considerable benefits.”
Crypto Broker Led by Uber and E*Trade Alums Is Going Public
Voyager, a crypto brokerage founded by Uber and E*Trade alums, is going public via a $60 million reverse merger.
Swiss Stock Exchange SIX Plans Blockchain Platform in H2
Switzerland’s top stock exchange, SIX, aims to roll out a blockchain platform to speed up trading later this year.