Category Archives: Innovation and Resources

The state of Canadian FinTech in four charts

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Betakit | | Sep 24, 2018

Last year, we released the first edition of Ferst Capital Partners’ FinTech Map, plotting all FinTechs serving Canadians by vertical and growth stage. We received a lot of great feedback and were proud to see our work referenced by both investors and regulators.

Today, we are releasing an updated version, along with some other telling charts on the overall state of FinTech in Canada. There is a lot of data packed into these charts (426 companies were analyzed), so we encourage you to grab a cup of coffee and take your time as you go through them. We have included several of our own takeaways below each diagram but, with plenty of ways to slice the data, you will undoubtedly develop many of your own.

As a result of this exercise, we found two recurring themes worth highlighting. The first one is obvious to all of us tracking the space, while the second may be more subtle.

If we want home-grown companies to lead the next wave of financial services in Canada, both regulators and investors will need to play their part.

The more obvious theme is that the cryptocurrency and blockchain vertical has seen the most action in Canadian FinTech over the last 12 months. To put some data around this, we have seen 21 net new companies enter the space over the last year (net new refers to new companies minus dissolved ones). This is more than double the activity of the next two most active verticals, lending and insurance, which both saw nine net new startups enter the space.

See:  Fintech Reports and Research

We have also tracked seven net new cryptocurrency and blockchain startups entering the expansion stage, again leading the pack amongst all verticals. This indicates that companies are not only entering this vertical at a rapid pace, but they have been relatively successful in gaining traction. While several forces are at play here, the lack of regulation plays an important role: it tends to take these companies less time to get to market than other FinTechs given there are fewer regulatory hurdles to overcome. Likewise, it also seems to take these companies far less time to achieve international expansion than other FinTechs given the lack of regulatory hurdles away from home.

The second, less obvious theme is how B2B (business-to-business) startups have achieved a significantly higher success rate than B2C (business-to-consumer) startups. Even though B2B startups make up 54 percent of all Canadian FinTechs, they add up to 75 percent of all startups we tracked in the expansion stage. On the other hand, B2C companies make up 35 percent of all FinTechs but only 18 percent of all startups in the expansion stage. These are significant differences.

We believe with the right funding and the right network, B2C FinTechs can be very successful in this country as they have elsewhere.

While all FinTechs face common challenges, including the difficulty of forming partnerships with incumbents and heavy customer acquisition costs, these challenges appear to be exacerbated when going direct-to-consumer. As a result, several of the FinTech-focused funds in this country tend to favor B2B companies, which now makes funding a bigger challenge for B2C companies.

Investors will look at these numbers as validation for their B2B-focused strategies, while B2C entrepreneurs will argue that they need more capital support to be successful. Is it the chicken or the egg?

See:  $57.9B deployed into fintech so far this year, Canada one to watch

Despite these results, at Ferst Capital we have maintained our focus on B2C FinTech. We believe with the right funding and the right network, B2C FinTechs can be very successful in this country as they have elsewhere. Moreso, our mission is to help improve financial services for Canadians and we believe that, when looking at FinTech on a global scale, the B2C companies like Revolut, Credit Karma, Lending Club, Wealthsimple, and Mylo are the ones that have made the most impact in advancing how consumers interact with their money.

Continue to the full article --> here

FCP FinTech Map - Sept 2018 by on Scribd


The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

Crowdfund Insider | JD Alois | Sep 18, 2018 In many ways, OurCrowd epitomizes the aspirations of what investment crowdfunding has the potential to deliver for both issuers and investors. By providing access to quality deals to smaller (accredited) investors, OurCrowd has opened up an asset class previously closed off to all but the very fortunate. On OurCrowd, you can find yourself investing alongside some of the biggest names in venture capital – at the exact same terms – an important distinction. It is also important to note that OurCrowd has skin in the game for each offering it lists on the platform – thus interests are aligned: OurCrowd wants the company to succeed and it also very much wants to see a return on its own investment. These qualities make OurCrowd a compelling option for investors that are willing to shoulder an element of portfolio risk that can also drive some outsized returns. OurCrowd is based in Israel – where many of its investments are made – but its vision is to empower investors globally and fund companies regardless of geographic borders. This is what you want to see in the digitized, internet fueled Fintech age. CI recently caught ...
Read More
World’s Largest: OurCrowd Still on Track to Top USD $1 Billion in Investment Crowdfunding
Betakit | Jonathan Shaanan | Sep 24, 2018 Last year, we released the first edition of Ferst Capital Partners’ FinTech Map, plotting all FinTechs serving Canadians by vertical and growth stage. We received a lot of great feedback and were proud to see our work referenced by both investors and regulators. Today, we are releasing an updated version, along with some other telling charts on the overall state of FinTech in Canada. There is a lot of data packed into these charts (426 companies were analyzed), so we encourage you to grab a cup of coffee and take your time as you go through them. We have included several of our own takeaways below each diagram but, with plenty of ways to slice the data, you will undoubtedly develop many of your own. As a result of this exercise, we found two recurring themes worth highlighting. The first one is obvious to all of us tracking the space, while the second may be more subtle. If we want home-grown companies to lead the next wave of financial services in Canada, both regulators and investors will need to play their part. The more obvious theme is that the cryptocurrency and blockchain ...
Read More
The state of Canadian FinTech in four charts
Management Today UK | by Conrad Thompson | Sep 21, 2018 Brexit is an opportunity for regulators to enable innovation while protecting wider society, says PA Consulting's Conrad Thompson. The UK has a well-established and well-respected system of regulation, which the majority (83%) of the public see as good for society and for business. But without action, this won’t last long. Brexit is looming on the horizon, with huge implications for our regulatory framework. Firms in all industries need to focus on innovation to keep up with, let alone stay ahead of, new customer behaviours and the increasing pace of technological change. Regulators will have a growing role, particularly in a post-Brexit world, to remove the barriers to innovation, for example by minimising the hoops organisations need to jump through to release new products or services. There is an opportunity here for the UK’s regulators to be a source of competitive advantage for British businesses, but they will need to understand how they can do this whilst still delivering on - and keeping within - their statutory duty to protect society. Co-create Regulators must play an active role in promoting innovation. This starts with regulators and regulated companies working more ...
Read More
5 ways regulation can be a competitive advantage to British business
NCFA Canada | Sep 21, 2018 Ep10-Sep 21: A Regtech-based Blockchain KYC Solution for Document Custody About this episode: On this episode, our host Manseeb Khan sits down with the CEO of Commercial Passport Brice Penaud. They chat about what KYC looks like in blockchain, how fintech and regtech can work alongside with governments, and the benefits of creating a digital identity. Enjoy! Host: Manseeb Khan, NCFA, Fintech Fridays show host Guest: Brice Penaud, CEO, Commercial Passport Bio: Commercial Passport provides global digital KYC solutions, helping financial institutions reduce the time to on-board clients by automating beneficial ownership analysis and client document maintenance. Based in Toronto, Canada, Commercial Passport’s Universal KYC Solution is a paradigm shift in KYC collection, providing senders and receivers a clear chain of custody for KYC documents through blockchain technology. Subscribe and tune in each Friday to check out the latest movers and shakers in fintech. Listen to more Fintech Fridays podcasts here Transcription of Interview Manseeb Khan: Hey Everybody how are you doing today Manseeb Khan here . And you tuning in to Fintech Friday's today. I have. OK. I know I see this every episode. But I do have a really incredible guest today ...
Read More
FINTECH FRIDAY$ (EP.10-Sep 21):  A Regtech-based Blockchain KYC Solution for Document Custody with Brice Penaud, CEO Commercial Passport
The Globe and Mail | Clare O’Hara | Sep 20, 2018 Cryptocurrency trading platform Coinsquare is moving into the exchange-traded fund business as its investment management division launches two new technology funds. Coin Capital Investment Management Inc., a portfolio management subsidiary established in July, has become the 30th ETF provider in Canada with the launch of two new ETFs focused on global emerging technologies. With a management fee of 0.64 per cent, the Coincapital STOXX Blockchain Patents Innovation Index Fund (LDGR) and the Coincapital STOXX B.R.AI.N. Index Fund (THNK) began trading Thursday morning on the Toronto Stock Exchange. “Canadians know technologies like AI and the blockchain are going to change the way we live and work, but it can be difficult to access high-quality investments in these sectors without deep domain expertise,” said Coin Capital CEO Lewis Bateman. Blockchain is an online digital ledger. Once a transaction is completed, it goes into a blockchain database and is kept as a permanent, secure record. It is most commonly known as the technology behind the booming cryptocurrency bitcoin, which soared above US$18,000 last December. See:  Coinsquare launches Coin Capital Investment Management Inc. to help Canadians invest in emerging technology LDGR will aim ...
Read More
Coinsquare moves into ETF business with two new funds
FastCompany | By Lydia Dishman | Sep 20, 2018 When you have a technology that’s only 10 years old, women and underrepresented minorities have the chance to change this corner of the tech industry. Yael Rozencwajg recently had an experience that was unusual for a woman in tech. Speaking at a conference for executives in the blockchain and Internet of Things (IoT) space, Rozencwajg found herself explaining the digital ledger system that forms the basis of blockchain technology to about 200 people, most of whom were white, male CEOs. “There was a lot they didn’t know,” the founder of startup Blockchain Israel tells Fast Company. The difference was that the audience was respectful and deferential, despite the prevailing reality that when women are outnumbered in a work setting like this, several studies show that they are talked over, interrupted, or simply ignored. Rozencwajg chalks it up to the relative newness of the blockchain space. The technology is only 10 years old and was initially used to record bitcoin transactions. But its applications have since moved from solely recording bitcoin and other digital currency transfers to smart contracts and other transactions that need the security that an immutable record can provide ...
Read More
Meet the women who are making sure blockchain is inclusive
Blockchain is here – so what next? The Blockchain Developer Opportunity If you are a software engineer interested in emerging high growth project opportunities, you’ll want to ensure your technical skills are polished and you have access to proper training and resources. There is a significant shortage of skilled Blockchain developers unable to meet the demand of emerging projects! NCFA is pleased to announce an inaugural educational partnership with the Blockchain Learning Group offering a special introductory rate to attend an immersive, 2-day Blockchain developer training course on decentralized application development to help fill the gap of skilled engineers while connecting graduates to project opportunities. According to a recent 2018 PwC survey, 84% of 600 executive responders confirmed some involvement with Blockchain technology from proof of concepts to well capitalized international scale-ups and incumbents looking to modernize legacy systems. Distributed and immutable ledger applications are evolving rapidly with uses cases that improve trust and transparency for many business processes while distributing transactions to a decentralized network in a way that reduces costs and eliminates intermediaries. While crypto markets have exceeded $200 billion in just the last 2 years alone, the underlying technology is forecasted to disrupt almost every vertical with ...
Read More
Immersive 2-day Blockchain Developer Training Course (Nov 10-11, Toronto): Decentralized Application Development
Incipient Industries | Steven Dryall | Sep 19, 2018 Incipient Industries Releases Whitepaper Describing How Cryptocommodities  Are Created and Used As The Basis For A Stable Cryptocurrency Toronto, ON, Canada, September 17, 2018 - Incipient Industries Inc. announces the release of the definitive whitepaper on the subject of cryptocommodities. Following years of development combined with the dissemination of information related to cryptocurrency viability and asset- based cryptocurrencies, an actual description of how to deploy a cryptocommodity  is now available. This is a first in the burgeoning cryptocurrency industry and represents a significant step towards a stabilized digital economy. The cryptocurrency industry is still developing and discovering ways to integrate with traditional financial systems or to replace them altogether. The introduction of cryptocoomodities into the cryptosphere creates a new category of opportunities for pioneers in the space. For those seeking a solution to a stable cryptocurrency, this is the best path to success. See:  3 Clever Ways To Reach Crypto Price Stability, And One Giant Leap Of Faith “This is a perfect use case for cryptocurrency and also follows the Three Pillars of a Viable Cryptocurrency framework.” says Steven Dryall, CEO of Incipient Industries, who has pioneered several key concepts of ...
Read More
Whitepaper Provides Information About Cryptocommodities As The Basis For A Stable Cryptocurrency
Bloomberg | Joshua Brustein | Sep 4, 2018 With fewer than 100 residents, Ocean Falls is looking for a revival after almost four decades of industrial false starts. In 1971, an 11th grader named Greg Strebel wrote the introduction to a book about Ocean Falls, the tiny town in the British Columbian hinterlands where he lived. Strebel mentioned the odd fact that many of the town’s roads were made of wood, said the weather wasn’t as bad as some people made it out to be and noted that it had just gotten a new school building. But the one thing that mattered above all, according to Strebel, was the paper mill. “To most, 'the mill’ imparts a sense of security by its presence,” he wrote. “A low throb of power is audible throughout most of the town as long as the mill runs, accompanied by voluminous exhalations of steam.” The security provided by the mill turned out to be fleeting. It went silent when Strebel was in his 20s. Most of the buildings in Ocean Falls that haven’t been demolished over the decades are crumbling in place, and Strebel, along with most everyone who once lived there, is long gone. A ...
Read More
The Bitcoin Boom Reaches a Canadian Ghost Town
Australian Financial Review | Michael Bailey | Sep 12, 2018 Businesses wishing to raise money from retail investors will no longer have to convert to an unlisted public company structure, after an amendment to 2017's equity crowdfunding legislation passed federal Parliament. The legislation, which takes effect in 28 days from Wednesday, allows proprietary companies or unlisted public companies with annual turnover or gross assets of up to $25 million to advertise their business plans on ASIC-licensed crowdfunding portals, and raise up to $5 million a year to carry them out. Investors can put up to $10,000 a year each into an unlimited number of ideas. Australian private companies are typically limited to a maximum of 50 non-employee shareholders. However, under these reforms, investors acquiring shares through a crowdfunding portal are excluded from this cap, allowing private companies to raise funds from potentially hundreds or thousands of investors. See:  Australia and UK set up FinTech Bridge to deepen collaboration between governments, regulators, and industry bodies Proprietary companies with crowdfunded shareholders will have to prepare annual financial and directors' reports in accordance with accounting standards. Only large proprietary companies, defined as those with any two of either $25 million turnover or above, $12.5 million of gross ...
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$5 million Equity crowdfunding extended to private companies

 

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5 ways regulation can be a competitive advantage to British business

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Management Today UK | by Conrad Thompson | Sep 21, 2018

Brexit is an opportunity for regulators to enable innovation while protecting wider society, says PA Consulting's Conrad Thompson.

The UK has a well-established and well-respected system of regulation, which the majority (83%) of the public see as good for society and for business. But without action, this won’t last long. Brexit is looming on the horizon, with huge implications for our regulatory framework. Firms in all industries need to focus on innovation to keep up with, let alone stay ahead of, new customer behaviours and the increasing pace of technological change.

Regulators will have a growing role, particularly in a post-Brexit world, to remove the barriers to innovation, for example by minimising the hoops organisations need to jump through to release new products or services. There is an opportunity here for the UK’s regulators to be a source of competitive advantage for British businesses, but they will need to understand how they can do this whilst still delivering on - and keeping within - their statutory duty to protect society.

Co-create

Regulators must play an active role in promoting innovation. This starts with regulators and regulated companies working more closely together, to ensure that the rules reflect the practicalities of running a fast moving business.

There are some examples where this is already happening, such as through the Ofgem and FCA sandboxes, which allow unauthorised companies to test out new products and services in an controlled environment. Sixty firms have been through the FCA’s regulatory sandbox, resulting in material changes to the data they ask for and the way they ask for it, as well as helping new entrants to attain banking licences far faster. This has already proven to be an advantage for the UK’s burgeoning fintech scene.

See:  Regulating disruption

Lack of money is no excuse for regulators not pursuing these kinds of creative approaches. The Department for Business, Energy and Industrial Strategy has recently launched its Regulator Pioneer Fund which will see it invest up to £10m over two years to support regulators with initiatives that help businesses bring innovative products and services to market. This is explicitly designed to ensure regulation does not get in the way of new approaches and business models.

Empower the consumer

Regulators’ primary responsibility is to protect society from the excesses of the free market. But this too can be a competitive advantage to the UK’s firms. Aside from acting as a badge of quality in international markets, effective regulation can help build consumer trust, especially when it involves providing the public with clear and reliable information. This, in turn, can help businesses retain and recruit customers.

Just think how Ofsted’s assessment of whether schools range from outstanding to inadequate has helped parents make far more informed choices and driven poorer performing schools to improve. Imagine doing that in other areas such as banking or healthcare – and really promoting those assessments so more consumers are aware of and use them.

Play to Britain’s strengths

Clearly in the short term businesses need certainty around Brexit. But looking further ahead, Brexit gives UK regulators the opportunity to create world-leading regulatory frameworks that set standards globally and play to the strengths of British businesses.

The UK will be able to implement regulatory frameworks that amplify areas where UK businesses have competitive advantage and the regulatory regimes can be a differentiator for the UK’s products and services. For example, the Civil Aviation Authority is looking to establish a clearer framework for how organisations can adopt new technologies, which will help British businesses be at the forefront of industry innovations such as drone taxis.

See:  Fintech: UK Financial Conduct Authority Initiates Consultation on Global Financial Innovation, Partners with 12 International Regulators

Cross traditional boundaries

Regulators need to work across traditional sector boundaries to maximise innovation opportunities.  Whilst UK regulators within the same industry frequently co-operate (for example the FCA, the Prudential Regulation Authority, the Pensions Regulator and others in the financial sector), they should also be looking to innovate further by learning from one another and by introducing ideas from other sectors. For example the Gambling Commission, in considering the future re-tendering of the National Lottery, adopted a scenario planning technique more typical in the energy sector to help potential suppliers consider different future worlds for how gambling might evolve.

Regulators are also increasingly recognising the need to encourage innovation on a more global basis, particularly for services that apply across borders. For example, the FCA has collaborated with 11 regulatory bodies from Europe, the Far East and the US on the creation of a Global Financial Innovation Network.

Continue to the full article --> here


The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

Crowdfund Insider | JD Alois | Sep 18, 2018 In many ways, OurCrowd epitomizes the aspirations of what investment crowdfunding has the potential to deliver for both issuers and investors. By providing access to quality deals to smaller (accredited) investors, OurCrowd has opened up an asset class previously closed off to all but the very fortunate. On OurCrowd, you can find yourself investing alongside some of the biggest names in venture capital – at the exact same terms – an important distinction. It is also important to note that OurCrowd has skin in the game for each offering it lists on the platform – thus interests are aligned: OurCrowd wants the company to succeed and it also very much wants to see a return on its own investment. These qualities make OurCrowd a compelling option for investors that are willing to shoulder an element of portfolio risk that can also drive some outsized returns. OurCrowd is based in Israel – where many of its investments are made – but its vision is to empower investors globally and fund companies regardless of geographic borders. This is what you want to see in the digitized, internet fueled Fintech age. CI recently caught ...
Read More
World’s Largest: OurCrowd Still on Track to Top USD $1 Billion in Investment Crowdfunding
Betakit | Jonathan Shaanan | Sep 24, 2018 Last year, we released the first edition of Ferst Capital Partners’ FinTech Map, plotting all FinTechs serving Canadians by vertical and growth stage. We received a lot of great feedback and were proud to see our work referenced by both investors and regulators. Today, we are releasing an updated version, along with some other telling charts on the overall state of FinTech in Canada. There is a lot of data packed into these charts (426 companies were analyzed), so we encourage you to grab a cup of coffee and take your time as you go through them. We have included several of our own takeaways below each diagram but, with plenty of ways to slice the data, you will undoubtedly develop many of your own. As a result of this exercise, we found two recurring themes worth highlighting. The first one is obvious to all of us tracking the space, while the second may be more subtle. If we want home-grown companies to lead the next wave of financial services in Canada, both regulators and investors will need to play their part. The more obvious theme is that the cryptocurrency and blockchain ...
Read More
The state of Canadian FinTech in four charts
Management Today UK | by Conrad Thompson | Sep 21, 2018 Brexit is an opportunity for regulators to enable innovation while protecting wider society, says PA Consulting's Conrad Thompson. The UK has a well-established and well-respected system of regulation, which the majority (83%) of the public see as good for society and for business. But without action, this won’t last long. Brexit is looming on the horizon, with huge implications for our regulatory framework. Firms in all industries need to focus on innovation to keep up with, let alone stay ahead of, new customer behaviours and the increasing pace of technological change. Regulators will have a growing role, particularly in a post-Brexit world, to remove the barriers to innovation, for example by minimising the hoops organisations need to jump through to release new products or services. There is an opportunity here for the UK’s regulators to be a source of competitive advantage for British businesses, but they will need to understand how they can do this whilst still delivering on - and keeping within - their statutory duty to protect society. Co-create Regulators must play an active role in promoting innovation. This starts with regulators and regulated companies working more ...
Read More
5 ways regulation can be a competitive advantage to British business
NCFA Canada | Sep 21, 2018 Ep10-Sep 21: A Regtech-based Blockchain KYC Solution for Document Custody About this episode: On this episode, our host Manseeb Khan sits down with the CEO of Commercial Passport Brice Penaud. They chat about what KYC looks like in blockchain, how fintech and regtech can work alongside with governments, and the benefits of creating a digital identity. Enjoy! Host: Manseeb Khan, NCFA, Fintech Fridays show host Guest: Brice Penaud, CEO, Commercial Passport Bio: Commercial Passport provides global digital KYC solutions, helping financial institutions reduce the time to on-board clients by automating beneficial ownership analysis and client document maintenance. Based in Toronto, Canada, Commercial Passport’s Universal KYC Solution is a paradigm shift in KYC collection, providing senders and receivers a clear chain of custody for KYC documents through blockchain technology. Subscribe and tune in each Friday to check out the latest movers and shakers in fintech. Listen to more Fintech Fridays podcasts here Transcription of Interview Manseeb Khan: Hey Everybody how are you doing today Manseeb Khan here . And you tuning in to Fintech Friday's today. I have. OK. I know I see this every episode. But I do have a really incredible guest today ...
Read More
FINTECH FRIDAY$ (EP.10-Sep 21):  A Regtech-based Blockchain KYC Solution for Document Custody with Brice Penaud, CEO Commercial Passport
The Globe and Mail | Clare O’Hara | Sep 20, 2018 Cryptocurrency trading platform Coinsquare is moving into the exchange-traded fund business as its investment management division launches two new technology funds. Coin Capital Investment Management Inc., a portfolio management subsidiary established in July, has become the 30th ETF provider in Canada with the launch of two new ETFs focused on global emerging technologies. With a management fee of 0.64 per cent, the Coincapital STOXX Blockchain Patents Innovation Index Fund (LDGR) and the Coincapital STOXX B.R.AI.N. Index Fund (THNK) began trading Thursday morning on the Toronto Stock Exchange. “Canadians know technologies like AI and the blockchain are going to change the way we live and work, but it can be difficult to access high-quality investments in these sectors without deep domain expertise,” said Coin Capital CEO Lewis Bateman. Blockchain is an online digital ledger. Once a transaction is completed, it goes into a blockchain database and is kept as a permanent, secure record. It is most commonly known as the technology behind the booming cryptocurrency bitcoin, which soared above US$18,000 last December. See:  Coinsquare launches Coin Capital Investment Management Inc. to help Canadians invest in emerging technology LDGR will aim ...
Read More
Coinsquare moves into ETF business with two new funds
FastCompany | By Lydia Dishman | Sep 20, 2018 When you have a technology that’s only 10 years old, women and underrepresented minorities have the chance to change this corner of the tech industry. Yael Rozencwajg recently had an experience that was unusual for a woman in tech. Speaking at a conference for executives in the blockchain and Internet of Things (IoT) space, Rozencwajg found herself explaining the digital ledger system that forms the basis of blockchain technology to about 200 people, most of whom were white, male CEOs. “There was a lot they didn’t know,” the founder of startup Blockchain Israel tells Fast Company. The difference was that the audience was respectful and deferential, despite the prevailing reality that when women are outnumbered in a work setting like this, several studies show that they are talked over, interrupted, or simply ignored. Rozencwajg chalks it up to the relative newness of the blockchain space. The technology is only 10 years old and was initially used to record bitcoin transactions. But its applications have since moved from solely recording bitcoin and other digital currency transfers to smart contracts and other transactions that need the security that an immutable record can provide ...
Read More
Meet the women who are making sure blockchain is inclusive
Blockchain is here – so what next? The Blockchain Developer Opportunity If you are a software engineer interested in emerging high growth project opportunities, you’ll want to ensure your technical skills are polished and you have access to proper training and resources. There is a significant shortage of skilled Blockchain developers unable to meet the demand of emerging projects! NCFA is pleased to announce an inaugural educational partnership with the Blockchain Learning Group offering a special introductory rate to attend an immersive, 2-day Blockchain developer training course on decentralized application development to help fill the gap of skilled engineers while connecting graduates to project opportunities. According to a recent 2018 PwC survey, 84% of 600 executive responders confirmed some involvement with Blockchain technology from proof of concepts to well capitalized international scale-ups and incumbents looking to modernize legacy systems. Distributed and immutable ledger applications are evolving rapidly with uses cases that improve trust and transparency for many business processes while distributing transactions to a decentralized network in a way that reduces costs and eliminates intermediaries. While crypto markets have exceeded $200 billion in just the last 2 years alone, the underlying technology is forecasted to disrupt almost every vertical with ...
Read More
Immersive 2-day Blockchain Developer Training Course (Nov 10-11, Toronto): Decentralized Application Development
Incipient Industries | Steven Dryall | Sep 19, 2018 Incipient Industries Releases Whitepaper Describing How Cryptocommodities  Are Created and Used As The Basis For A Stable Cryptocurrency Toronto, ON, Canada, September 17, 2018 - Incipient Industries Inc. announces the release of the definitive whitepaper on the subject of cryptocommodities. Following years of development combined with the dissemination of information related to cryptocurrency viability and asset- based cryptocurrencies, an actual description of how to deploy a cryptocommodity  is now available. This is a first in the burgeoning cryptocurrency industry and represents a significant step towards a stabilized digital economy. The cryptocurrency industry is still developing and discovering ways to integrate with traditional financial systems or to replace them altogether. The introduction of cryptocoomodities into the cryptosphere creates a new category of opportunities for pioneers in the space. For those seeking a solution to a stable cryptocurrency, this is the best path to success. See:  3 Clever Ways To Reach Crypto Price Stability, And One Giant Leap Of Faith “This is a perfect use case for cryptocurrency and also follows the Three Pillars of a Viable Cryptocurrency framework.” says Steven Dryall, CEO of Incipient Industries, who has pioneered several key concepts of ...
Read More
Whitepaper Provides Information About Cryptocommodities As The Basis For A Stable Cryptocurrency
Bloomberg | Joshua Brustein | Sep 4, 2018 With fewer than 100 residents, Ocean Falls is looking for a revival after almost four decades of industrial false starts. In 1971, an 11th grader named Greg Strebel wrote the introduction to a book about Ocean Falls, the tiny town in the British Columbian hinterlands where he lived. Strebel mentioned the odd fact that many of the town’s roads were made of wood, said the weather wasn’t as bad as some people made it out to be and noted that it had just gotten a new school building. But the one thing that mattered above all, according to Strebel, was the paper mill. “To most, 'the mill’ imparts a sense of security by its presence,” he wrote. “A low throb of power is audible throughout most of the town as long as the mill runs, accompanied by voluminous exhalations of steam.” The security provided by the mill turned out to be fleeting. It went silent when Strebel was in his 20s. Most of the buildings in Ocean Falls that haven’t been demolished over the decades are crumbling in place, and Strebel, along with most everyone who once lived there, is long gone. A ...
Read More
The Bitcoin Boom Reaches a Canadian Ghost Town
Australian Financial Review | Michael Bailey | Sep 12, 2018 Businesses wishing to raise money from retail investors will no longer have to convert to an unlisted public company structure, after an amendment to 2017's equity crowdfunding legislation passed federal Parliament. The legislation, which takes effect in 28 days from Wednesday, allows proprietary companies or unlisted public companies with annual turnover or gross assets of up to $25 million to advertise their business plans on ASIC-licensed crowdfunding portals, and raise up to $5 million a year to carry them out. Investors can put up to $10,000 a year each into an unlimited number of ideas. Australian private companies are typically limited to a maximum of 50 non-employee shareholders. However, under these reforms, investors acquiring shares through a crowdfunding portal are excluded from this cap, allowing private companies to raise funds from potentially hundreds or thousands of investors. See:  Australia and UK set up FinTech Bridge to deepen collaboration between governments, regulators, and industry bodies Proprietary companies with crowdfunded shareholders will have to prepare annual financial and directors' reports in accordance with accounting standards. Only large proprietary companies, defined as those with any two of either $25 million turnover or above, $12.5 million of gross ...
Read More
$5 million Equity crowdfunding extended to private companies

 

Share

Immersive 2-day Blockchain Developer Training Course (Nov 10-11, Toronto): Decentralized Application Development

Share

Blockchain is here – so what next?

The Blockchain Developer Opportunity

If you are a software engineer interested in emerging high growth project opportunities, you’ll want to ensure your technical skills are polished and you have access to proper training and resources. There is a significant shortage of skilled Blockchain developers unable to meet the demand of emerging projects! NCFA is pleased to announce an inaugural educational partnership with the Blockchain Learning Group offering a special introductory rate to attend an immersive, 2-day Blockchain developer training course on decentralized application development to help fill the gap of skilled engineers while connecting graduates to project opportunities.

According to a recent 2018 PwC survey, 84% of 600 executive responders confirmed some involvement with Blockchain technology from proof of concepts to well capitalized international scale-ups and incumbents looking to modernize legacy systems. Distributed and immutable ledger applications are evolving rapidly with uses cases that improve trust and transparency for many business processes while distributing transactions to a decentralized network in a way that reduces costs and eliminates intermediaries. While crypto markets have exceeded $200 billion in just the last 2 years alone, the underlying technology is forecasted to disrupt almost every vertical with annual business value of more than US$3 trillion by 2030.

 

2 Day Immersive, Blockchain Developer Training Course: Decentralized Application Development

Day 1: 9:30am - 4:00pm on Saturday November 10, 2018

Day 2: 9:30am - 4:00pm on Sunday November 11, 2018

Location:  1240 Bay Street, Suite 501, Toronto, M5R 2A7 (NCFA Office)

Registration:

Special introductory rate of $1250 + HST

Limited capacity: 15 seats (small hands-on classroom)

20% Early bird discount for first 5 registrations

Pay in crypto? Email:  info@ncfacanada.org

Lunch is provided both days.  Bring your laptop!

Location subject to change (Downtown Toronto Area)

Refunds accepted by Oct 31.  After Oct 31 credit can be requested.


Course Description:

An immersive, hands on 2-day course in Blockchain technology, with a focus on decentralized application (DApp) development. From the basics of Blockchain technology to in-depth explorations of use cases and smart contract development patterns.  Additionally, a deep dive into utilizing the Ethereum platform to build powerful and impactful applications. The course is facilitated by a BLG trainer and utilizes a combination of theoretical and practical instruction and incorporates the following modules:

 

Day 1 Outline:  Blockchain Fundamentals

Blockchain theory and fundamentals, followed by a detailed look under the hood and followed by a deep dive into Ethereum and smart contracts. Participants will view, and interact with, Blockchain networks and complete multiple smart contract exercises.

  • Introductions
  • History of Databases, WWW, Cryptography
  • What is Blockchain
  • How it Works
  • Blockchain Types
  • Ethereum Explained
  • Use Cases and Implications
  • Smart Contract Exercises

 

Day 2 Outline: Introduction to DApp Development

Exploration of state-of-the-art DApp development and Blockchain tools so that participants can effectively create, test, deploy, and interact with several solidity smart contracts from within a DApp. Participants will create their very own DApp, ranging from an ERC20 enabled wallet to a functional decentralized exchange.

  • Introduction to DApps
  • DApps Explained and Frameworks
  • Development Architecture
  • Security Considerations
  • Deployment Techniques
  • Account Management
  • DApp Development

 


REGISTRATION OPTIONS:

1. Register NOW on Eventbrite

2. Pay Direct NOW and Save Platform Registration fees


Who Should Attend?  Developers!

  1. At least 1 year of programming or software development experience is required!
  2. Have experience or some exposure creating Web Apps? Fairly decent with Javascript? Interested in developing a solid foundation in Blockchain Technology in just two days?

If you answered yes to some or all of the above, then you are very likely a good fit for this course!

For those with minimal software development, specifically web experience, the resources attached below are recommended to review prior to the course start:

  1. Object destructing: https://developer.mozilla.org/en-US/docs/Web/JavaScript/Reference/Operators/Destructuring_assignment#Object_destructuring
  2. Arrow functions: https://developer.mozilla.org/en-US/docs/Web/JavaScript/Reference/Functions/Arrow_functions

 

What you will get out of this course?

  • A deep understanding of Blockchain technology, smart contracts and DApps, including hands-on experience in full stack decentralized application development
  • A clear grasp of how Blockchain technology works, the key components and actors
  • Ultimately, a truly immersive course that will give you the confidence to continue your Blockchain development journey!

 

Why you should attend this course?

  1. Blockchain technology is booming and here to stay with lucrative job and market development opportunities
  • Disruptive cutting-edge technology with global impact
  • Wide range of applications and use cases from commercial banking and financial services to real estate, healthcare, voting, government and travel.
  • Canada is an early global leader and home to many notable Blockchain/crypto projects and groups paving the way for the next cohort
  1. Globally Tested Program and Top Trainer
  • Global leader in Blockchain developer training on Ethereum with organizations like TMX Group, AGL Energy, Ontario government, and the UNDP (United Nations Development Programme
  • Highly experienced trainer with real-world enterprise DApp project development experience for global clientele
  • Finally a Blockchain development course designed for developers, by developers!
  1. Special Introductory Offer for NCFAs community (Save time & money)
  • Small class size - limited capacity (15 seats max) – register today
  • Intensive weekend course format (hands-on weekend training; no time off work)
  • Great comparable value

 

 What Students Who Took the Course are Saying

“I had been very interested in Blockchain and all its potential, but the technical aspect seemed daunting- out of my scope of understanding. In two short days. I was taught to think differently and came out with a whole new mindset due to the immersive hands-on learning experience Blockchain Learning Group provided. Their instructors broke down the content well enough so that I could easily digest it, but at the same time, maintained a level of challenge and moved through the material very quickly in order to cover a lot in the limited time. The instructors were patient, eager to help, and I felt very comfortable in their learning environment, and as a result, I took away a lot from the experience. With well-planned out course material and excellent instructors, I would recommend the course to anyone looking to dive in head first into the space."

“The Blockchain Learning Group delivered a workshop that was incredibly informative, and well-organized. They provided a structure that included both an understanding of Blockchain technology and decentralized applications, as well as an immersive method to building your own tokens and wallets. The instructors were extremely supportive throughout the entire process, and very eager to ensure that we received the most out of this opportunity. For both coders and non-coders, beginners and intermediates, this workshop is exceptionally beneficial to augment your understanding of DApps!

What Corporate Trainers are Saying

“Their approach to Blockchain education – combining developer training with business ideation and facilitating the actual Application Development - is by far the most immersive, responsive and action-oriented training program we have seen in the market. Their approach is underpinned by a deep understanding of how to efficiently leverage Blockchain for business coupled with a seamless training regimen. Our developers who participated in the education program were amazed at how much practical knowledge they acquired in such a short period of time!”

"Wow. Just wow. Before the training, our students had a rudimentary understanding of Blockchain technologies. Only a few weeks later they are building multiple decentralized applications and becoming young thought leaders in such a short period of time! Adam and the team were phenomenal facilitators. Not only were they incredibly knowledgeable, but they knew how to deliver the content to different audiences who might have had various levels of coding experience and Blockchain understanding. How they were able to provide a personalized experience to a group of young people was very impressive.”

 Limited Capacity - RESERVE YOUR SEAT TODAY!

 

The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain and cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

About The Blockchain Learning Group (BLG)

The Blockchain Learning Group provides individuals and organizations with an education-based vehicle to jumpstart their Blockchain strategies by increasing their technical bench strength and creating real-world applications within a minimum period of time.  They work with leading organizations globally to facilitate comprehensive, hands-on courses aimed at the developer base - and the organizations that they belong to – in order to provide them with the knowledge, tools and confidence to make an immediate impact with their Blockchain projects.  For more information, please visit:  https://blockchainlearninggroup.com/

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The Bitcoin Boom Reaches a Canadian Ghost Town

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Bloomberg | Joshua Brustein | Sep 4, 2018

With fewer than 100 residents, Ocean Falls is looking for a revival after almost four decades of industrial false starts.


The National Crowdfunding & Fintech Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with fintech, alternative finance, blockchain, cryptocurrency, crowdfunding and online investing stakeholders globally. NCFA Canada provides education, research, industry stewardship, services, and networking opportunities to thousands of members and subscribers and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding and fintech industry. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

Crowdfund Insider | JD Alois | Sep 18, 2018 In many ways, OurCrowd epitomizes the aspirations of what investment crowdfunding has the potential to deliver for both issuers and investors. By providing access to quality deals to smaller (accredited) investors, OurCrowd has opened up an asset class previously closed off to all but the very fortunate. On OurCrowd, you can find yourself investing alongside some of the biggest names in venture capital – at the exact same terms – an important distinction. It is also important to note that OurCrowd has skin in the game for each offering it lists on the platform – thus interests are aligned: OurCrowd wants the company to succeed and it also very much wants to see a return on its own investment. These qualities make OurCrowd a compelling option for investors that are willing to shoulder an element of portfolio risk that can also drive some outsized returns. OurCrowd is based in Israel – where many of its investments are made – but its vision is to empower investors globally and fund companies regardless of geographic borders. This is what you want to see in the digitized, internet fueled Fintech age. CI recently caught ...
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World’s Largest: OurCrowd Still on Track to Top USD $1 Billion in Investment Crowdfunding
Betakit | Jonathan Shaanan | Sep 24, 2018 Last year, we released the first edition of Ferst Capital Partners’ FinTech Map, plotting all FinTechs serving Canadians by vertical and growth stage. We received a lot of great feedback and were proud to see our work referenced by both investors and regulators. Today, we are releasing an updated version, along with some other telling charts on the overall state of FinTech in Canada. There is a lot of data packed into these charts (426 companies were analyzed), so we encourage you to grab a cup of coffee and take your time as you go through them. We have included several of our own takeaways below each diagram but, with plenty of ways to slice the data, you will undoubtedly develop many of your own. As a result of this exercise, we found two recurring themes worth highlighting. The first one is obvious to all of us tracking the space, while the second may be more subtle. If we want home-grown companies to lead the next wave of financial services in Canada, both regulators and investors will need to play their part. The more obvious theme is that the cryptocurrency and blockchain ...
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The state of Canadian FinTech in four charts
Management Today UK | by Conrad Thompson | Sep 21, 2018 Brexit is an opportunity for regulators to enable innovation while protecting wider society, says PA Consulting's Conrad Thompson. The UK has a well-established and well-respected system of regulation, which the majority (83%) of the public see as good for society and for business. But without action, this won’t last long. Brexit is looming on the horizon, with huge implications for our regulatory framework. Firms in all industries need to focus on innovation to keep up with, let alone stay ahead of, new customer behaviours and the increasing pace of technological change. Regulators will have a growing role, particularly in a post-Brexit world, to remove the barriers to innovation, for example by minimising the hoops organisations need to jump through to release new products or services. There is an opportunity here for the UK’s regulators to be a source of competitive advantage for British businesses, but they will need to understand how they can do this whilst still delivering on - and keeping within - their statutory duty to protect society. Co-create Regulators must play an active role in promoting innovation. This starts with regulators and regulated companies working more ...
Read More
5 ways regulation can be a competitive advantage to British business
NCFA Canada | Sep 21, 2018 Ep10-Sep 21: A Regtech-based Blockchain KYC Solution for Document Custody About this episode: On this episode, our host Manseeb Khan sits down with the CEO of Commercial Passport Brice Penaud. They chat about what KYC looks like in blockchain, how fintech and regtech can work alongside with governments, and the benefits of creating a digital identity. Enjoy! Host: Manseeb Khan, NCFA, Fintech Fridays show host Guest: Brice Penaud, CEO, Commercial Passport Bio: Commercial Passport provides global digital KYC solutions, helping financial institutions reduce the time to on-board clients by automating beneficial ownership analysis and client document maintenance. Based in Toronto, Canada, Commercial Passport’s Universal KYC Solution is a paradigm shift in KYC collection, providing senders and receivers a clear chain of custody for KYC documents through blockchain technology. Subscribe and tune in each Friday to check out the latest movers and shakers in fintech. Listen to more Fintech Fridays podcasts here Transcription of Interview Manseeb Khan: Hey Everybody how are you doing today Manseeb Khan here . And you tuning in to Fintech Friday's today. I have. OK. I know I see this every episode. But I do have a really incredible guest today ...
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FINTECH FRIDAY$ (EP.10-Sep 21):  A Regtech-based Blockchain KYC Solution for Document Custody with Brice Penaud, CEO Commercial Passport
The Globe and Mail | Clare O’Hara | Sep 20, 2018 Cryptocurrency trading platform Coinsquare is moving into the exchange-traded fund business as its investment management division launches two new technology funds. Coin Capital Investment Management Inc., a portfolio management subsidiary established in July, has become the 30th ETF provider in Canada with the launch of two new ETFs focused on global emerging technologies. With a management fee of 0.64 per cent, the Coincapital STOXX Blockchain Patents Innovation Index Fund (LDGR) and the Coincapital STOXX B.R.AI.N. Index Fund (THNK) began trading Thursday morning on the Toronto Stock Exchange. “Canadians know technologies like AI and the blockchain are going to change the way we live and work, but it can be difficult to access high-quality investments in these sectors without deep domain expertise,” said Coin Capital CEO Lewis Bateman. Blockchain is an online digital ledger. Once a transaction is completed, it goes into a blockchain database and is kept as a permanent, secure record. It is most commonly known as the technology behind the booming cryptocurrency bitcoin, which soared above US$18,000 last December. See:  Coinsquare launches Coin Capital Investment Management Inc. to help Canadians invest in emerging technology LDGR will aim ...
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Coinsquare moves into ETF business with two new funds
FastCompany | By Lydia Dishman | Sep 20, 2018 When you have a technology that’s only 10 years old, women and underrepresented minorities have the chance to change this corner of the tech industry. Yael Rozencwajg recently had an experience that was unusual for a woman in tech. Speaking at a conference for executives in the blockchain and Internet of Things (IoT) space, Rozencwajg found herself explaining the digital ledger system that forms the basis of blockchain technology to about 200 people, most of whom were white, male CEOs. “There was a lot they didn’t know,” the founder of startup Blockchain Israel tells Fast Company. The difference was that the audience was respectful and deferential, despite the prevailing reality that when women are outnumbered in a work setting like this, several studies show that they are talked over, interrupted, or simply ignored. Rozencwajg chalks it up to the relative newness of the blockchain space. The technology is only 10 years old and was initially used to record bitcoin transactions. But its applications have since moved from solely recording bitcoin and other digital currency transfers to smart contracts and other transactions that need the security that an immutable record can provide ...
Read More
Meet the women who are making sure blockchain is inclusive
Blockchain is here – so what next? The Blockchain Developer Opportunity If you are a software engineer interested in emerging high growth project opportunities, you’ll want to ensure your technical skills are polished and you have access to proper training and resources. There is a significant shortage of skilled Blockchain developers unable to meet the demand of emerging projects! NCFA is pleased to announce an inaugural educational partnership with the Blockchain Learning Group offering a special introductory rate to attend an immersive, 2-day Blockchain developer training course on decentralized application development to help fill the gap of skilled engineers while connecting graduates to project opportunities. According to a recent 2018 PwC survey, 84% of 600 executive responders confirmed some involvement with Blockchain technology from proof of concepts to well capitalized international scale-ups and incumbents looking to modernize legacy systems. Distributed and immutable ledger applications are evolving rapidly with uses cases that improve trust and transparency for many business processes while distributing transactions to a decentralized network in a way that reduces costs and eliminates intermediaries. While crypto markets have exceeded $200 billion in just the last 2 years alone, the underlying technology is forecasted to disrupt almost every vertical with ...
Read More
Immersive 2-day Blockchain Developer Training Course (Nov 10-11, Toronto): Decentralized Application Development
Incipient Industries | Steven Dryall | Sep 19, 2018 Incipient Industries Releases Whitepaper Describing How Cryptocommodities  Are Created and Used As The Basis For A Stable Cryptocurrency Toronto, ON, Canada, September 17, 2018 - Incipient Industries Inc. announces the release of the definitive whitepaper on the subject of cryptocommodities. Following years of development combined with the dissemination of information related to cryptocurrency viability and asset- based cryptocurrencies, an actual description of how to deploy a cryptocommodity  is now available. This is a first in the burgeoning cryptocurrency industry and represents a significant step towards a stabilized digital economy. The cryptocurrency industry is still developing and discovering ways to integrate with traditional financial systems or to replace them altogether. The introduction of cryptocoomodities into the cryptosphere creates a new category of opportunities for pioneers in the space. For those seeking a solution to a stable cryptocurrency, this is the best path to success. See:  3 Clever Ways To Reach Crypto Price Stability, And One Giant Leap Of Faith “This is a perfect use case for cryptocurrency and also follows the Three Pillars of a Viable Cryptocurrency framework.” says Steven Dryall, CEO of Incipient Industries, who has pioneered several key concepts of ...
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Whitepaper Provides Information About Cryptocommodities As The Basis For A Stable Cryptocurrency
Bloomberg | Joshua Brustein | Sep 4, 2018 With fewer than 100 residents, Ocean Falls is looking for a revival after almost four decades of industrial false starts. In 1971, an 11th grader named Greg Strebel wrote the introduction to a book about Ocean Falls, the tiny town in the British Columbian hinterlands where he lived. Strebel mentioned the odd fact that many of the town’s roads were made of wood, said the weather wasn’t as bad as some people made it out to be and noted that it had just gotten a new school building. But the one thing that mattered above all, according to Strebel, was the paper mill. “To most, 'the mill’ imparts a sense of security by its presence,” he wrote. “A low throb of power is audible throughout most of the town as long as the mill runs, accompanied by voluminous exhalations of steam.” The security provided by the mill turned out to be fleeting. It went silent when Strebel was in his 20s. Most of the buildings in Ocean Falls that haven’t been demolished over the decades are crumbling in place, and Strebel, along with most everyone who once lived there, is long gone. A ...
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The Bitcoin Boom Reaches a Canadian Ghost Town
Australian Financial Review | Michael Bailey | Sep 12, 2018 Businesses wishing to raise money from retail investors will no longer have to convert to an unlisted public company structure, after an amendment to 2017's equity crowdfunding legislation passed federal Parliament. The legislation, which takes effect in 28 days from Wednesday, allows proprietary companies or unlisted public companies with annual turnover or gross assets of up to $25 million to advertise their business plans on ASIC-licensed crowdfunding portals, and raise up to $5 million a year to carry them out. Investors can put up to $10,000 a year each into an unlimited number of ideas. Australian private companies are typically limited to a maximum of 50 non-employee shareholders. However, under these reforms, investors acquiring shares through a crowdfunding portal are excluded from this cap, allowing private companies to raise funds from potentially hundreds or thousands of investors. See:  Australia and UK set up FinTech Bridge to deepen collaboration between governments, regulators, and industry bodies Proprietary companies with crowdfunded shareholders will have to prepare annual financial and directors' reports in accordance with accounting standards. Only large proprietary companies, defined as those with any two of either $25 million turnover or above, $12.5 million of gross ...
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$5 million Equity crowdfunding extended to private companies

 

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3 Clever Ways To Reach Crypto Price Stability, And One Giant Leap Of Faith

Share

Forbes | | Sep 17, 2018

People keep asking me, what’s the deal with stablecoins? With two prominent regulatory approvals to issue the blockchain-based tokens, many have heralded them as the next evolution of cryptocurrency, while others say they’re perfect evidence of why no one ever needed cryptocurrency in the first place.

On a basic level, a stablecoin is a token that has a mechanism in place to minimize its price fluctuations. Unlike traditional cryptocurrencies such as bitcoin and ether, which are directly tied to their wildly fluctuating demand, a stablecoin can rely on four methods to constrain its fluctuations.

See:  One SEC commissioner is establishing herself as the voice of innovation for the crypto market

The first and by far most popular way to achieve this stability is to peg the price of the token to a more stable asset like the U.S. dollar. This is what both the Gemini and Paxos cryptocurrency exchanges received permission to do from the New York Department of Financial Services last week. Unlike bitcoin and ethereum, which are created through a mining process that also ensures the blockchain’s accuracy, these stablecoins are only created when someone buys them with U.S. dollars.

Gemini and Paxos have both established relationships with traditional banks to hold the U.S. dollars, while the exchanges, which have been granted licenses to function as trusts, are responsible for the tokens themselves. Instead of using computing power to audit the blockchain through the mining process, third-party auditors are employed to help ensure exactly as many tokens exist as there are dollars on account.

The benefit of these tokens is that while bitcoin’s price has fluctuated wildly (it's been as high as $20,000 and is currently at $6,480), making it almost impossible to spend, the U.S. dollar decreases in value on average at a rate of 2% a year, making it a much more reliable unit of exchange. On the flip side, while dollars may be stable, they’re notoriously slow for businesses to move in large amounts, especially given the relative ease with which an e-mail (or a bitcoin) can be sent.

From an investment perspective, the important part here is that the U.S. dollar-backed stablecoins are only as scarce as the dollar itself. As a result, getting your hands on one of these tokens won’t likely ever be a better investment than the U.S. dollar, and some have argued it may even be worse. The reasons U.S. dollar-backed stablecoins are being created aren’t to invest in but to enable off-hours trading and to jump-start transaction volumes on the underlying ethereum blockchain.

See:  Canada’s First Bitcoin Fund Now Available on NEO Connect

But there are other, largely theoretical, ways to achieve price stability. The most popular of these is by coding some of the theories applied by central banks into the DNA of the blockchain. The most heavily funded of these blockchains that control price using an algorithm is Basis, which has raised $133 million from mainstream investors, including Andreessen Horowitz, to build a central bank for issuing cryptocurrency. In this case, when the price of the cryptocurrency starts to increase, the blockchain will automatically increase the rate at which it creates new coins, flooding the market and reducing the price. When the price starts to decrease, the Basis blockchain would buy back its own tokens, reducing supply and driving up price. Think of this alternative as an automated Federal Open Market Committee, where the 12 members are replaced by an algorithm.

Continue to the full article --> here


The National Crowdfunding & Fintech Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with fintech, alternative finance, blockchain, cryptocurrency, crowdfunding and online investing stakeholders globally. NCFA Canada provides education, research, industry stewardship, services, and networking opportunities to thousands of members and subscribers and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding and fintech industry. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

Crowdfund Insider | JD Alois | Sep 18, 2018 In many ways, OurCrowd epitomizes the aspirations of what investment crowdfunding has the potential to deliver for both issuers and investors. By providing access to quality deals to smaller (accredited) investors, OurCrowd has opened up an asset class previously closed off to all but the very fortunate. On OurCrowd, you can find yourself investing alongside some of the biggest names in venture capital – at the exact same terms – an important distinction. It is also important to note that OurCrowd has skin in the game for each offering it lists on the platform – thus interests are aligned: OurCrowd wants the company to succeed and it also very much wants to see a return on its own investment. These qualities make OurCrowd a compelling option for investors that are willing to shoulder an element of portfolio risk that can also drive some outsized returns. OurCrowd is based in Israel – where many of its investments are made – but its vision is to empower investors globally and fund companies regardless of geographic borders. This is what you want to see in the digitized, internet fueled Fintech age. CI recently caught ...
Read More
World’s Largest: OurCrowd Still on Track to Top USD $1 Billion in Investment Crowdfunding
Betakit | Jonathan Shaanan | Sep 24, 2018 Last year, we released the first edition of Ferst Capital Partners’ FinTech Map, plotting all FinTechs serving Canadians by vertical and growth stage. We received a lot of great feedback and were proud to see our work referenced by both investors and regulators. Today, we are releasing an updated version, along with some other telling charts on the overall state of FinTech in Canada. There is a lot of data packed into these charts (426 companies were analyzed), so we encourage you to grab a cup of coffee and take your time as you go through them. We have included several of our own takeaways below each diagram but, with plenty of ways to slice the data, you will undoubtedly develop many of your own. As a result of this exercise, we found two recurring themes worth highlighting. The first one is obvious to all of us tracking the space, while the second may be more subtle. If we want home-grown companies to lead the next wave of financial services in Canada, both regulators and investors will need to play their part. The more obvious theme is that the cryptocurrency and blockchain ...
Read More
The state of Canadian FinTech in four charts
Management Today UK | by Conrad Thompson | Sep 21, 2018 Brexit is an opportunity for regulators to enable innovation while protecting wider society, says PA Consulting's Conrad Thompson. The UK has a well-established and well-respected system of regulation, which the majority (83%) of the public see as good for society and for business. But without action, this won’t last long. Brexit is looming on the horizon, with huge implications for our regulatory framework. Firms in all industries need to focus on innovation to keep up with, let alone stay ahead of, new customer behaviours and the increasing pace of technological change. Regulators will have a growing role, particularly in a post-Brexit world, to remove the barriers to innovation, for example by minimising the hoops organisations need to jump through to release new products or services. There is an opportunity here for the UK’s regulators to be a source of competitive advantage for British businesses, but they will need to understand how they can do this whilst still delivering on - and keeping within - their statutory duty to protect society. Co-create Regulators must play an active role in promoting innovation. This starts with regulators and regulated companies working more ...
Read More
5 ways regulation can be a competitive advantage to British business
NCFA Canada | Sep 21, 2018 Ep10-Sep 21: A Regtech-based Blockchain KYC Solution for Document Custody About this episode: On this episode, our host Manseeb Khan sits down with the CEO of Commercial Passport Brice Penaud. They chat about what KYC looks like in blockchain, how fintech and regtech can work alongside with governments, and the benefits of creating a digital identity. Enjoy! Host: Manseeb Khan, NCFA, Fintech Fridays show host Guest: Brice Penaud, CEO, Commercial Passport Bio: Commercial Passport provides global digital KYC solutions, helping financial institutions reduce the time to on-board clients by automating beneficial ownership analysis and client document maintenance. Based in Toronto, Canada, Commercial Passport’s Universal KYC Solution is a paradigm shift in KYC collection, providing senders and receivers a clear chain of custody for KYC documents through blockchain technology. Subscribe and tune in each Friday to check out the latest movers and shakers in fintech. Listen to more Fintech Fridays podcasts here Transcription of Interview Manseeb Khan: Hey Everybody how are you doing today Manseeb Khan here . And you tuning in to Fintech Friday's today. I have. OK. I know I see this every episode. But I do have a really incredible guest today ...
Read More
FINTECH FRIDAY$ (EP.10-Sep 21):  A Regtech-based Blockchain KYC Solution for Document Custody with Brice Penaud, CEO Commercial Passport
The Globe and Mail | Clare O’Hara | Sep 20, 2018 Cryptocurrency trading platform Coinsquare is moving into the exchange-traded fund business as its investment management division launches two new technology funds. Coin Capital Investment Management Inc., a portfolio management subsidiary established in July, has become the 30th ETF provider in Canada with the launch of two new ETFs focused on global emerging technologies. With a management fee of 0.64 per cent, the Coincapital STOXX Blockchain Patents Innovation Index Fund (LDGR) and the Coincapital STOXX B.R.AI.N. Index Fund (THNK) began trading Thursday morning on the Toronto Stock Exchange. “Canadians know technologies like AI and the blockchain are going to change the way we live and work, but it can be difficult to access high-quality investments in these sectors without deep domain expertise,” said Coin Capital CEO Lewis Bateman. Blockchain is an online digital ledger. Once a transaction is completed, it goes into a blockchain database and is kept as a permanent, secure record. It is most commonly known as the technology behind the booming cryptocurrency bitcoin, which soared above US$18,000 last December. See:  Coinsquare launches Coin Capital Investment Management Inc. to help Canadians invest in emerging technology LDGR will aim ...
Read More
Coinsquare moves into ETF business with two new funds
FastCompany | By Lydia Dishman | Sep 20, 2018 When you have a technology that’s only 10 years old, women and underrepresented minorities have the chance to change this corner of the tech industry. Yael Rozencwajg recently had an experience that was unusual for a woman in tech. Speaking at a conference for executives in the blockchain and Internet of Things (IoT) space, Rozencwajg found herself explaining the digital ledger system that forms the basis of blockchain technology to about 200 people, most of whom were white, male CEOs. “There was a lot they didn’t know,” the founder of startup Blockchain Israel tells Fast Company. The difference was that the audience was respectful and deferential, despite the prevailing reality that when women are outnumbered in a work setting like this, several studies show that they are talked over, interrupted, or simply ignored. Rozencwajg chalks it up to the relative newness of the blockchain space. The technology is only 10 years old and was initially used to record bitcoin transactions. But its applications have since moved from solely recording bitcoin and other digital currency transfers to smart contracts and other transactions that need the security that an immutable record can provide ...
Read More
Meet the women who are making sure blockchain is inclusive
Blockchain is here – so what next? The Blockchain Developer Opportunity If you are a software engineer interested in emerging high growth project opportunities, you’ll want to ensure your technical skills are polished and you have access to proper training and resources. There is a significant shortage of skilled Blockchain developers unable to meet the demand of emerging projects! NCFA is pleased to announce an inaugural educational partnership with the Blockchain Learning Group offering a special introductory rate to attend an immersive, 2-day Blockchain developer training course on decentralized application development to help fill the gap of skilled engineers while connecting graduates to project opportunities. According to a recent 2018 PwC survey, 84% of 600 executive responders confirmed some involvement with Blockchain technology from proof of concepts to well capitalized international scale-ups and incumbents looking to modernize legacy systems. Distributed and immutable ledger applications are evolving rapidly with uses cases that improve trust and transparency for many business processes while distributing transactions to a decentralized network in a way that reduces costs and eliminates intermediaries. While crypto markets have exceeded $200 billion in just the last 2 years alone, the underlying technology is forecasted to disrupt almost every vertical with ...
Read More
Immersive 2-day Blockchain Developer Training Course (Nov 10-11, Toronto): Decentralized Application Development
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Bloomberg | Joshua Brustein | Sep 4, 2018 With fewer than 100 residents, Ocean Falls is looking for a revival after almost four decades of industrial false starts. In 1971, an 11th grader named Greg Strebel wrote the introduction to a book about Ocean Falls, the tiny town in the British Columbian hinterlands where he lived. Strebel mentioned the odd fact that many of the town’s roads were made of wood, said the weather wasn’t as bad as some people made it out to be and noted that it had just gotten a new school building. But the one thing that mattered above all, according to Strebel, was the paper mill. “To most, 'the mill’ imparts a sense of security by its presence,” he wrote. “A low throb of power is audible throughout most of the town as long as the mill runs, accompanied by voluminous exhalations of steam.” The security provided by the mill turned out to be fleeting. It went silent when Strebel was in his 20s. Most of the buildings in Ocean Falls that haven’t been demolished over the decades are crumbling in place, and Strebel, along with most everyone who once lived there, is long gone. A ...
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Australian Financial Review | Michael Bailey | Sep 12, 2018 Businesses wishing to raise money from retail investors will no longer have to convert to an unlisted public company structure, after an amendment to 2017's equity crowdfunding legislation passed federal Parliament. The legislation, which takes effect in 28 days from Wednesday, allows proprietary companies or unlisted public companies with annual turnover or gross assets of up to $25 million to advertise their business plans on ASIC-licensed crowdfunding portals, and raise up to $5 million a year to carry them out. Investors can put up to $10,000 a year each into an unlimited number of ideas. Australian private companies are typically limited to a maximum of 50 non-employee shareholders. However, under these reforms, investors acquiring shares through a crowdfunding portal are excluded from this cap, allowing private companies to raise funds from potentially hundreds or thousands of investors. See:  Australia and UK set up FinTech Bridge to deepen collaboration between governments, regulators, and industry bodies Proprietary companies with crowdfunded shareholders will have to prepare annual financial and directors' reports in accordance with accounting standards. Only large proprietary companies, defined as those with any two of either $25 million turnover or above, $12.5 million of gross ...
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$5 million Equity crowdfunding extended to private companies

 

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Tech Nation startup programme demonstrates richness of UK fintech

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Computer Weekly | Karl Flinders | Sep 13, 2018

A Tech Nation programme to support the UK's financial technology startups demonstrates the increasingly diverse range of business-to-business products and services available through the country's fintech community

Financial technology (fintech) is providing a market where IT professionals in the finance sector and beyond can find answers to their business challenges through specialist tech startups.

UK-based CIOs have the benefit of having these fintech startups on their doorstep.

UK government-backed startup network Tech Nation has selected 20 such fintech startups to take part in a five-month programme that aims to scale up early-stage companies.

The programme’s business-to-business (B2B) focus demonstrates that beyond the high-profile digital challenger banks and payments companies targeting consumers with funky apps, there is a deep source of niche financial services IT innovation in the UK.

Fintech solutions begin life as an idea about how to use technology to solve a particular financial services problem. The speed of software development today means products can quickly follow.

See:  UK Government Ups Crowdfunding without Prospectus to €8 Million – Matching Germany

But the challenges really begin when it comes to turning a great idea into a commercial success. This is where the likes of Tech Nation come in.

Growing appetite for fintech

In its first guise, Tech Nation was launched in Shoreditch in 2011, by then prime minister David Cameron, to support the East London tech cluster known as London Tech City. It initially offered broad support across the UK tech startup sector, but such is fintech’s rise, Tech Nation has introduced a dedicated fintech support programme.

This not surprising, as the appetite for fintech products among financial firms, their customers and investors is insatiable – and the UK finds itself on the top table.

Fuelled by the $12.9bn deal that saw Vantiv acquire WorldPay, investment in UK fintech in the first half of 2018 reached $16bn, compared with $14bn in the US and just more than $15bn in China.

Meanwhile, the take-up of financial technology, and its impact on the global finance sector, is overt. Recent figures from the European Banking Federation revealed that European retail banks shut down 5,900 branches in 2017. This was brought about by the arrival and widespread acceptance of online banking and mobile banking apps. Banks simply do not need as many branches because people prefer the convenience of managing their money on their smartphones.

See:  Ontario government invests in fintech to boost small-business lending

But financial technology isn’t all about banking on a smartphone. While challenger banks such as Starling carry the fintech torch to consumers, there is a huge opportunity in the vast nooks and crannies of the finance sector.

Helping fintech startups level up

Tech Nation is providing a guide rope to early-stage UK fintechs trying to find their footing. These small companies already have some customers and are generating revenues, but need to move to the next level.

With a background in the trading sector, fintech and venture capital, Greg Michel is heading up that support programme at Tech Nation.

He told Computer Weekly the latest programme was focused on fintech firms that supply other businesses, rather than those going direct to consumers like many of the better known fintech operators.

When choosing participants for the programme, it sought fintech startups that had already raised a bit of money, had some customers on board and were generating revenue. “They are viable propositions, not just two men and a dog in a garage or [bigger] with 30 people in their own office,” said Michel.

“They have a product, they have sold it so have some traction, and are making a bit of money. So they have something going for them, but they need to be accelerated.”

Learning the ropes

The 20 fintech startups taking part in the Tech Nation programme will receive coaching in how to scale a business. At the moment, the participating companies each have 15 staff, on average, with average revenues of £250,000.

Coaching in scaling involves teaching entrepreneurs how to build a more established business, which will include the likes of human resources management, incentivising salespeople and finding the right partners. This can be a significant challenge for startups, which often have a background in technology or another specific area of business.

See:  Canadian governments must double-down to foster tech boom here

Michel said the programme was “a vector of knowledge transfer” from those who have previously built unicorns and large companies to those who aspire to do the same.

“We hope the entrepreneurs will take lessons from this that would normally take years of experimentation,” he added.

Continue to the full article --> here


The National Crowdfunding & Fintech Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with fintech, alternative finance, blockchain, cryptocurrency, crowdfunding and online investing stakeholders globally. NCFA Canada provides education, research, industry stewardship, services, and networking opportunities to thousands of members and subscribers and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding and fintech industry. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: ncfacanada.org

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Canada’s First Bitcoin Fund Now Available on NEO Connect

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Business Wire | NEO Connect and First Block | Sep 10, 2018

First Block Capital’s FBC Bitcoin Trust Gives Accredited Investors Ability to Hold Bitcoin Investments in Registered Accounts, including RRSPs and TSFAs

TORONTO--(BUSINESS WIRE)--NEO Connect is pleased to announce that the First Block Capital Bitcoin Trust (“FBC Bitcoin Trust”) is now available on its fund distribution platform. As the first investment product of its kind in Canada and the only open-ended Bitcoin fund approved by the Canadian regulators, the FBC Bitcoin Trust enables accredited investors to get exposure to Bitcoin. The FBC Bitcoin Trust, which is eligible for accredited investors only, now allows unit holders to put units in a self-directed registered account such as an RRSP or TFSA.

The FBC Bitcoin Trust is available on NEO Connect under the symbol FBCBT. NEO Connect distributes 46 funds from three asset managers across 15 dealer networks, with close to $600 million in total assets serviced. It is Canada’s first and only fund distribution platform that allows prospectus and private/offering memorandum (OM) funds to be purchased and redeemed the same ways as buying and selling ETFs.

“At First Block, we provide investment exposure to Bitcoin by removing the complicated barriers to investing directly in the cryptocurrency. As the market leader in providing investment vehicles based on blockchain and cryptocurrency in Canada, we are very happy to make our fund more accessible to the accredited investor community,” said Sean Clark, Co-Founder and CEO of First Block Capital.

“In this fast-changing world, NEO is the perfect partner with whom we have seized the opportunity to grow our fund within their proven and rapidly expanding fund distribution network.”

See:

Using NEO Connect, investment advisors can purchase and redeem the FBC Bitcoin Trust with the same ease and efficiency as they trade ETFs. They look up the symbol using their existing equities trading tools, choose the number of units they want and hit “buy”. The order executes at the end of the day at NAV, without any bid/ask spreads. The resulting position is automatically integrated into the client accounts – it’s that simple.

“Today, for the first time in Canada, accredited investors working with investment advisors can seamlessly take positions in Bitcoin through the FBC Bitcoin Trust,” added Jos Schmitt, President & CEO, NEO. “As the world evolves, we are very pleased our unique fund distribution platform can help the investment community access, with ease and efficiency, an ever-expanding spectrum of new and innovative asset classes. Once again, innovators are meeting on NEO.”

Continue to the original press release --> here


The National Crowdfunding & Fintech Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with fintech, alternative finance, blockchain, cryptocurrency, crowdfunding and online investing stakeholders globally. NCFA Canada provides education, research, industry stewardship, services, and networking opportunities to thousands of members and subscribers and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding and fintech industry. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: ncfacanada.org

Crowdfund Insider | JD Alois | Sep 18, 2018 In many ways, OurCrowd epitomizes the aspirations of what investment crowdfunding has the potential to deliver for both issuers and investors. By providing access to quality deals to smaller (accredited) investors, OurCrowd has opened up an asset class previously closed off to all but the very fortunate. On OurCrowd, you can find yourself investing alongside some of the biggest names in venture capital – at the exact same terms – an important distinction. It is also important to note that OurCrowd has skin in the game for each offering it lists on the platform – thus interests are aligned: OurCrowd wants the company to succeed and it also very much wants to see a return on its own investment. These qualities make OurCrowd a compelling option for investors that are willing to shoulder an element of portfolio risk that can also drive some outsized returns. OurCrowd is based in Israel – where many of its investments are made – but its vision is to empower investors globally and fund companies regardless of geographic borders. This is what you want to see in the digitized, internet fueled Fintech age. CI recently caught ...
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Read More
The state of Canadian FinTech in four charts
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NCFA Canada | Sep 21, 2018 Ep10-Sep 21: A Regtech-based Blockchain KYC Solution for Document Custody About this episode: On this episode, our host Manseeb Khan sits down with the CEO of Commercial Passport Brice Penaud. They chat about what KYC looks like in blockchain, how fintech and regtech can work alongside with governments, and the benefits of creating a digital identity. Enjoy! Host: Manseeb Khan, NCFA, Fintech Fridays show host Guest: Brice Penaud, CEO, Commercial Passport Bio: Commercial Passport provides global digital KYC solutions, helping financial institutions reduce the time to on-board clients by automating beneficial ownership analysis and client document maintenance. Based in Toronto, Canada, Commercial Passport’s Universal KYC Solution is a paradigm shift in KYC collection, providing senders and receivers a clear chain of custody for KYC documents through blockchain technology. Subscribe and tune in each Friday to check out the latest movers and shakers in fintech. Listen to more Fintech Fridays podcasts here Transcription of Interview Manseeb Khan: Hey Everybody how are you doing today Manseeb Khan here . And you tuning in to Fintech Friday's today. I have. OK. I know I see this every episode. But I do have a really incredible guest today ...
Read More
FINTECH FRIDAY$ (EP.10-Sep 21):  A Regtech-based Blockchain KYC Solution for Document Custody with Brice Penaud, CEO Commercial Passport
The Globe and Mail | Clare O’Hara | Sep 20, 2018 Cryptocurrency trading platform Coinsquare is moving into the exchange-traded fund business as its investment management division launches two new technology funds. Coin Capital Investment Management Inc., a portfolio management subsidiary established in July, has become the 30th ETF provider in Canada with the launch of two new ETFs focused on global emerging technologies. With a management fee of 0.64 per cent, the Coincapital STOXX Blockchain Patents Innovation Index Fund (LDGR) and the Coincapital STOXX B.R.AI.N. Index Fund (THNK) began trading Thursday morning on the Toronto Stock Exchange. “Canadians know technologies like AI and the blockchain are going to change the way we live and work, but it can be difficult to access high-quality investments in these sectors without deep domain expertise,” said Coin Capital CEO Lewis Bateman. Blockchain is an online digital ledger. Once a transaction is completed, it goes into a blockchain database and is kept as a permanent, secure record. It is most commonly known as the technology behind the booming cryptocurrency bitcoin, which soared above US$18,000 last December. See:  Coinsquare launches Coin Capital Investment Management Inc. to help Canadians invest in emerging technology LDGR will aim ...
Read More
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FastCompany | By Lydia Dishman | Sep 20, 2018 When you have a technology that’s only 10 years old, women and underrepresented minorities have the chance to change this corner of the tech industry. Yael Rozencwajg recently had an experience that was unusual for a woman in tech. Speaking at a conference for executives in the blockchain and Internet of Things (IoT) space, Rozencwajg found herself explaining the digital ledger system that forms the basis of blockchain technology to about 200 people, most of whom were white, male CEOs. “There was a lot they didn’t know,” the founder of startup Blockchain Israel tells Fast Company. The difference was that the audience was respectful and deferential, despite the prevailing reality that when women are outnumbered in a work setting like this, several studies show that they are talked over, interrupted, or simply ignored. Rozencwajg chalks it up to the relative newness of the blockchain space. The technology is only 10 years old and was initially used to record bitcoin transactions. But its applications have since moved from solely recording bitcoin and other digital currency transfers to smart contracts and other transactions that need the security that an immutable record can provide ...
Read More
Meet the women who are making sure blockchain is inclusive
Blockchain is here – so what next? The Blockchain Developer Opportunity If you are a software engineer interested in emerging high growth project opportunities, you’ll want to ensure your technical skills are polished and you have access to proper training and resources. There is a significant shortage of skilled Blockchain developers unable to meet the demand of emerging projects! NCFA is pleased to announce an inaugural educational partnership with the Blockchain Learning Group offering a special introductory rate to attend an immersive, 2-day Blockchain developer training course on decentralized application development to help fill the gap of skilled engineers while connecting graduates to project opportunities. According to a recent 2018 PwC survey, 84% of 600 executive responders confirmed some involvement with Blockchain technology from proof of concepts to well capitalized international scale-ups and incumbents looking to modernize legacy systems. Distributed and immutable ledger applications are evolving rapidly with uses cases that improve trust and transparency for many business processes while distributing transactions to a decentralized network in a way that reduces costs and eliminates intermediaries. While crypto markets have exceeded $200 billion in just the last 2 years alone, the underlying technology is forecasted to disrupt almost every vertical with ...
Read More
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Incipient Industries | Steven Dryall | Sep 19, 2018 Incipient Industries Releases Whitepaper Describing How Cryptocommodities  Are Created and Used As The Basis For A Stable Cryptocurrency Toronto, ON, Canada, September 17, 2018 - Incipient Industries Inc. announces the release of the definitive whitepaper on the subject of cryptocommodities. Following years of development combined with the dissemination of information related to cryptocurrency viability and asset- based cryptocurrencies, an actual description of how to deploy a cryptocommodity  is now available. This is a first in the burgeoning cryptocurrency industry and represents a significant step towards a stabilized digital economy. The cryptocurrency industry is still developing and discovering ways to integrate with traditional financial systems or to replace them altogether. The introduction of cryptocoomodities into the cryptosphere creates a new category of opportunities for pioneers in the space. For those seeking a solution to a stable cryptocurrency, this is the best path to success. See:  3 Clever Ways To Reach Crypto Price Stability, And One Giant Leap Of Faith “This is a perfect use case for cryptocurrency and also follows the Three Pillars of a Viable Cryptocurrency framework.” says Steven Dryall, CEO of Incipient Industries, who has pioneered several key concepts of ...
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Whitepaper Provides Information About Cryptocommodities As The Basis For A Stable Cryptocurrency
Bloomberg | Joshua Brustein | Sep 4, 2018 With fewer than 100 residents, Ocean Falls is looking for a revival after almost four decades of industrial false starts. In 1971, an 11th grader named Greg Strebel wrote the introduction to a book about Ocean Falls, the tiny town in the British Columbian hinterlands where he lived. Strebel mentioned the odd fact that many of the town’s roads were made of wood, said the weather wasn’t as bad as some people made it out to be and noted that it had just gotten a new school building. But the one thing that mattered above all, according to Strebel, was the paper mill. “To most, 'the mill’ imparts a sense of security by its presence,” he wrote. “A low throb of power is audible throughout most of the town as long as the mill runs, accompanied by voluminous exhalations of steam.” The security provided by the mill turned out to be fleeting. It went silent when Strebel was in his 20s. Most of the buildings in Ocean Falls that haven’t been demolished over the decades are crumbling in place, and Strebel, along with most everyone who once lived there, is long gone. A ...
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The Bitcoin Boom Reaches a Canadian Ghost Town
Australian Financial Review | Michael Bailey | Sep 12, 2018 Businesses wishing to raise money from retail investors will no longer have to convert to an unlisted public company structure, after an amendment to 2017's equity crowdfunding legislation passed federal Parliament. The legislation, which takes effect in 28 days from Wednesday, allows proprietary companies or unlisted public companies with annual turnover or gross assets of up to $25 million to advertise their business plans on ASIC-licensed crowdfunding portals, and raise up to $5 million a year to carry them out. Investors can put up to $10,000 a year each into an unlimited number of ideas. Australian private companies are typically limited to a maximum of 50 non-employee shareholders. However, under these reforms, investors acquiring shares through a crowdfunding portal are excluded from this cap, allowing private companies to raise funds from potentially hundreds or thousands of investors. See:  Australia and UK set up FinTech Bridge to deepen collaboration between governments, regulators, and industry bodies Proprietary companies with crowdfunded shareholders will have to prepare annual financial and directors' reports in accordance with accounting standards. Only large proprietary companies, defined as those with any two of either $25 million turnover or above, $12.5 million of gross ...
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$5 million Equity crowdfunding extended to private companies

 

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