Blockchain Capital flagship fund finishes 2019 up 12%

BCAP, the token representing Blockchain Capital’s Liquid Venture Fund, closed 2019 up 12.3%, according to a client update reviewed by The Block.  The fund, which was tokenized by Blockchain Capital in 2017, represents positions in major crypto companies like Kraken, Coinbase, and Ripple. Since inception, BCAP’s net asset value has appreciated 238.2%. In 2019, however, […]
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Jan 8, 2020, 12:00PM UTC

Security tokens are still the Next Big Thing, and industry players say they're poised for huge growth in 2020

In early 2018, security token offerings (STO) seemed to be the next big thing, and then suddenly, they weren’t. Big-ticket projects began to fade away as the price of bitcoin waned until later in the year. Then came the institutions.  Industry players from companies like Vertalo, OpenFinance and Arca say the space is back on […]
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Nov 8, 2019, 10:14PM UTC

tZERO tokenizes $25M luxury residential complex in UK

Security token trading platform tZERO has partnered with UK-based real estate investment company Alliance Investments to tokenize part of a residential apartment complex.  Announced on Wednesday, the project aims to tokenize at least $25 million of the value of the residential apartments on the Tezos blockchain. The tokens will then be open to investors during […]
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Oct 30, 2019, 11:05PM UTC

State Street says the average portfolio could shift towards digital asset capabilities as soon as 5 years from now

The typical portfolio model is going to change, according to Jay Biancamano, managing director of digital product and development at custodial bank State Street. And that’s thanks to the digitization of assets. On this week’s episode of The Scoop, Biancamano said that the ability to tokenize assets would allow investors to more easily include more […]
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Oct 25, 2019, 7:10PM UTC

Wave and Vertalo start by tokenizing yield, with race horses and whiskey as long term possibilities

Asset management firm Wave Financial launched its first bitcoin yield fund last month with the help of Vertalo, the tokenization solution company that helped PrimeTrust put cap tables on blockchain earlier this year. Wave touts the fund as the first crypto derivatives-based yield fund on the market, but the partnership is planning to expand to […]
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Oct 17, 2019, 10:24PM UTC

Nomura, Rakuten, SBI form Security Token Offering Association in Japan

Six major Japanese brokerage firms – Nomura Securities, Rakuten Securities, SBI Securities, Monex, Daiwa Securities and Securities – have formed the Security Token Offering (STO) Association in Tokyo to boost STOs as a fund-raising model in the country. Monex announced the news on Tuesday, saying that the association will work as a self-regulatory organization […]
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Oct 1, 2019, 9:31AM UTC

Santander, Mitsubishi, Nomura invest $14M in security token platform Securitize

Security-token management platform Securitize today announced a $14 million strategic round raised from investors including Banco Santander, Mitsubishi UFJ Financial Group, and, Nomura Holdings, signaling banks’ heightened interest in the cryptocurrency and digital securities markets.  The San Francisco-based firm provides a compliance platform that helps blockchain companies issue and manage security tokens. Last month, the […]
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Sep 24, 2019, 6:32PM UTC

Pivoting from direct token sales, Harbor partners with real estate firm to tokenize $100 million in assets

Harbor, a startup that made headlines in April when its $20 million token sale fell through, is now helping other companies tokenize their securities.  The company announced today that it will work with real estate company iCap Equity to create ERC-20 tokens that represent iCap’s over $100 million real estate funds. According to a company […]
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Sep 16, 2019, 5:23PM UTC

Blockstack concludes first Reg A+ token offering with $15.5M

Blockstack PBC, the firm behind the Blockstack computing network and app ecosystem, announced on Tuesday that it raised $15.5 million from the first Securities and Exchange Commission (SEC)-approved token offering under Reg A+.  The token offering lasted for 60 days and ended on Sept. 9.  According to an SEC filing, the firm has sold over […]
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Sep 10, 2019, 11:11PM UTC

SEC investigation into tZERO's token sale is 'almost dormant,' says Overstock interim CEO

Jonathan Johnson, the recently-appointed interim CEO of online retailer Overstock, has said that an investigation by the U.S. Securities and Exchange Commission (SEC) into the company’s blockchain subsidiary tZERO’s token sale is “almost dormant.” Johnson revealed the information to Fox Business in an interview published Tuesday, adding: “We haven’t had requests for information [from the […]
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Sep 5, 2019, 7:20AM UTC

Former ConsenSys Ventures head joins blockchain project to revive security token offerings

Former ConsenSys Ventures head Kavita Gupta has joined a blockchain project looking to breathe new life into the lethargic security token market, betting its offering will provide an alternative to the initial public offering process.  Gupta will chair Dusk Network’s non-executive board. The Amsterdam-based firm developed a permissionless blockchain for companies to tokenize their equity […]
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Aug 30, 2019, 5:27PM UTC

In first, Seychelles' stock exchange to conduct an IPO of equity security tokens

Seychelles-based stock exchange MERJ is going to hold an initial public offering (IPO) of equity security tokens next month in Europe. The exchange has partnered with UK-based regulated capital-raising platform Globacap for the initiative, according to an announcement Thursday. MERJ plans to sell 16% of its share capital in an IPO in tokenized form. “We […]
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Aug 30, 2019, 11:45AM UTC

Coincheck plans to launch IEO platform to help firms raise funds via utility tokens

Japanese cryptocurrency exchange Coincheck, which suffered a $530 million hack last year, is considering launching an initial exchange offering (IEO) platform to help firms raise funds via utility tokens. IEO, as a form of raising funds, is gaining attention, Coincheck said Thursday, adding that it will target companies and projects that already have content and […]
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Aug 22, 2019, 10:15AM UTC

Vertalo says the tokenization revolution is coming, and step one is cap tables on blockchain

A partnership putting startup capitalization tables onto the blockchain says it’s providing the first step to the tokenization revolution. Vertalo, a blockchain service provider for private companies, is partnering with Prime Trust to provide a path for startups to tokenize already completed fundraises. Vertalo looks like Carta, which provides software for companies to manage their […]
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Aug 21, 2019, 8:41PM UTC

Crypto trading platform INX plans to raise $130M via security token IPO, registered with the U.S. SEC

Cryptocurrency trading platform INX, aiming to be an all-in-one shop, is planning to raise up to $130 million through a security token initial public offering (IPO), registered with the U.S. Securities and Exchange Commission (SEC).  Gibraltar-based INX filed a draft prospectus with the SEC on Monday, to sell 130 million INX tokens, which are based […]
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Aug 20, 2019, 7:04AM UTC

tZERO security tokens now open for trading to retail investors

Security token trading platform tZERO, a subsidiary of retail giant Overstock, has now opened up its TZROP security tokens to non-accredited or retail investors. Previously available only to accredited or wealthy investors, TZROP tokens can now be traded by all investors, regardless of their net worth, tZERO announced Monday. “TZROP provides investors with direct exposure […]
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Aug 13, 2019, 9:40AM UTC