The Security Token Field – The Next Step After the ICO Annihilation?

share save 171 16 - The Security Token Field - The Next Step After the ICO Annihilation?

Forbes |

bridging blockchain and securities - The Security Token Field - The Next Step After the ICO Annihilation?The crypto space, though promising in a myriad of different ways still has many obstacles to overcome. Bad actors are slowly being weeded out but at an excruciating pace. Ideally, the crypto space would have so much competition, innovation and use cases that the best ideas and best innovators would naturally stand tall. Though 2018 has been a trying year for everyone in the space, 2019 is looking positive as many promising projects are rearing to go. These neophytes, though not experienced are seeking to close the gaps within the crypto space that have lingered since the beginning, namely; security, accountability and transparency and above all, practical implications for the technology.

Countries like Gibraltar, Malta, and Switzerland seeking to build legislative frameworks for these new businesses to operate and thrive in, and give them a home. However, it is a difficult balance; on the one hand to regulate, securitize and make everything compliant, whilst also not stifling budding, inherent innovation. Although everyone recognizes that DLT has huge potential, the time has now come for the space to mature, become regulated and for things be done right. Now is the time to forget the somewhat murky beginnings of Blockchain and embrace this new technology and the great potential it may hold for the future.

In this article we will be discussing three projects in the STO area, a crowdfunding platform, an AI based investment platform and finally a traditional company which is not a typical idea for blockchain.

See:  How Blockchain Can Help Marketers Build Better Relationships with Their Customers

One such project which has ambitious plans in the space is Crowd for Angels. This claims to be a regulated, crowdfunding platform that helps companies list their projects and helps them raise capital by way of equity, debt and crypto tokens. They claim to be are one of the first regulated entities in the UK and Europe to allow tokens to be sold through their platform. They recently launched a Sports Investment Security Token Offering where investors can own a share in a Premier League or Serie A club's shirt sponsorship.

The Sports Investor Coin ('SIC') is a Security Token that is expected to populate the world's first sport asset-backed portfolio. The founders run a successful sports marketing business that has brokered millions of dollars in deal value over the last 8 years. According to the founders, the capital raised from the sale of SIC Security Tokens will be used to make strategic acquisitions of sports sponsorship assets on a medium to long-term basis, using the adage of purchasing at wholesale price and selling at retail. These assets will eventually be sold initially through existing sales networks but will eventually be moved onto a digital marketplace.

"Before agreeing to list any project, we ensure the utmost transparency and due diligence to make sure that participants associated with any of the projects are genuine and act in the best interests of the investors with as little risk as possible", CMO Andrew Adcock said.

Crowd for Angels Director Tony de Nazareth said that utilizing the blockchain and tokens to digitize assets allows previously illiquid assets to become liquid and promote a market economy. Investors benefit from greater diversification, transferability, and transparency in decision making with the internet having now penetrated into the traditional financial markets, he added.

Malta is currently rolling out its blockchain and DLT legislation with several companies applying for a VFAA license in order to conduct ICO's and STO's. One of the most interesting as regards the latter is Valora, a Japanese company which aims to revolutionize the way the financial markets operate, or so, they claim.

Valora is a blockchain-based investment matchmaking platform which aims to disrupt the world of traditional investments while also bringing liquidity to the exciting ideas of tomorrow and any business visionaries who wish to make their project or blockchain-based business a reality.

See:  Blockchain’s potential will continue to spur public and private investment

Interestingly, it uses artificial intelligence (AI), data and opportunities to present investment opportunities and information to the investor - the investor uses this information to make an informed decision.  With 10 years of experience in the investment field, the Valora team are now using Artificial Intelligence to filter the quality of the offered services continuously. With the help of VALORA, investors have a wide array of ROI (return-on-investment) choices in the form of profit share, tokenized assets, bonus exit gains, and development projects. You can also make informed investments whilst choosing from a curated pool of projects. The fact that it is a public blockchain also ensures safety.

Valora's platform also assesses the risk and calculates the percentage of the project that is paid annually to the 3rd party insurer ( such as MIGA). It also enables the best investment opportunities to be more accessible than otherwise would only be reserved to VC Companies, Insiders or Banks. Users also have access to an untapped pool of global investment entities and business individuals.

Valora also claim to have unparalleled levels of liquidity which are also provided by the worldwide investment community. Not to mention the added advantage of investing in crypto-related and Blockchain projects with FIAT (fiduciary) currency. The concept was born when people wanted to invest but within the safety net of an established blockchain project like Ethereum, Cardano and EOS among others.

You wouldn't expect a company that makes the famous red boxes used by British Prime Ministers to go for a Security Token Offering but that's exactly what Wickwar are doing.

Wickwar has been making its exclusive despatch red boxes for over 200 years. This London-based business makes handmade, bespoke items for elite clients. These include Theresa May, Bill Clinton, Barack Obama, Winston Churchill, Margaret Thatcher and even the Queen of the United Kingdom, herself.

See:  Experts predict the five big fintech trends of 2019

Despatch boxes were originally used by British Members of Parliament to carry documents into the Commons Chamber. Two can now be found permanently in the Chamber on the central table and contain religious texts of the Oath for the day. Frontbenchers (ministers and shadow ministers) deliver their addresses from their side's despatch box. The despatch boxes in use today were gifts from New Zealand and designed by Sir Giles Gilbert Scott to replace the boxes destroyed during bombings in the Second World War.

Now, Wickwar is working on its security token offering (STO) where investors are offered tokens to benefit from the possibility of token appreciation or unlocking the ecosystem’s utility. They are looking to raise funds in UK of about £2 million, eventually being valued at approximately £8 million. Wickwar is fully regulated under UK prospectus regulation with tokens in Ethereum ERC 1400 and tied to shares of 1 token which would be equal to 1 share £1 each. Funds raised will be used to expand the output of the factory and the workshop as well as to expand supply into Asia, due to a recent order of 100 units, where each unit retails for £5000.

Continue to the full article --> here


NCFA Jan 2018 resize - The Security Token Field - The Next Step After the ICO Annihilation? 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

Latest news - The Security Token Field - The Next Step After the ICO Annihilation?FF Logo 400 v3 - The Security Token Field - The Next Step After the ICO Annihilation?community social impact - The Security Token Field - The Next Step After the ICO Annihilation?

CONGRATULATIONS TO THE 2020 FINTECH DRAFT PITCHING AND DEMO COMPANY WINNERS!



FFCON20 Pitching and Demo Winners - The Security Token Field - The Next Step After the ICO Annihilation?



NCFA COVID 19 letter to government to support Fintechs and SMEs - The Security Token Field - The Next Step After the ICO Annihilation?

NCFA Newsletter subscribe600 - The Security Token Field - The Next Step After the ICO Annihilation?

Nuvei | Press Release | Sep 23, 2020 Philip Fayer took little time to celebrate after his Montreal payments company Nuvei Corp. closed its $833-million initial public offering, the largest the Toronto Stock Exchange has ever seen in the technology sector. "People will find this crazy, but I was online the next morning at 6 a.m. like I am every day," he said.  "I always like to live forward, not backward … I am more excited about what's coming than what happened." The company he founded 17 years ago when looking for payment options for another business he was involved in raised aggregate gross proceeds of US$805 million — US$730 million for Nuvei and US$75 million for shareholder Novacap Management Inc. — from offering up more than 30 million subordinate voting shares at US$26 per share last week. Along with the IPO, Nuvei closed a direct private placement of more than 1 million subordinate voting shares, generating an additional US$28.4 million in gross proceeds. See:  Ant Plans $17.5 Billion Hong Kong IPO, No Cornerstones Nuvei first hoped to raise US$600 million, but the IPO was oversubscribed by 20 per cent and then its 14 underwriters bought more than four million ...
Read More
Philip Feyer Nuvei - The Security Token Field - The Next Step After the ICO Annihilation?
Bitcoin.com | Kevin Helms | Sep 26, 2020 The Federal Reserve Board of Governors and several Federal Reserve Banks are actively working on the digital dollar. Legislation has proposed that each American could have an account at the Fed for transacting in the central bank digital currency. Several Digital Dollar Initiatives The president of the Federal Reserve Bank of Cleveland, Loretta J. Mester, outlined the Fed’s work on the country’s central bank digital currency (CBDC) during a speech at the 20th Anniversary Chicago Payments Symposium on Wednesday. Noting that the experience with emergency payments led by the coronavirus pandemic has accelerated the work in this area, Mester detailed: Legislation has proposed that each American has an account at the Fed in which digital dollars could be deposited, as liabilities of the Federal Reserve Banks, which could be used for emergency payments. She added that “Other proposals would create a new payments instrument, digital cash, which would be just like the physical currency issued by central banks today, but in a digital form and, potentially, without the anonymity of physical currency.” Mester explained that some designs of the digital dollar allow the central bank to directly issue the CBDC into end ...
Read More
Federal Reserve - The Security Token Field - The Next Step After the ICO Annihilation?
Bloomberg | Lulu Yilun Chen | Sep 23, 2020 Jack Ma’s Ant Group Co. is seeking to raise $17.5 billion in its Hong Kong share sale and won’t seek to lock in cornerstone investors, confident there will be plenty of demand for one of the largest equity deals in the financial hub, according to people familiar with the matter. The fintech giant has assessed investor interest, betting it can pull off the Hong Kong portion of the initial public offering without cornerstone investors that are often needed for large deals, according to the people. Ant is leaning toward inviting these big investors for the Shanghai sale to mitigate price fluctuations, the people said, asking not to be identified because the matter is private. The Hangzhou-based firm is planning to issue new stock equal to about 11% to 15% of the shares outstanding and split the float evenly between Hong Kong and Shanghai, the people added. Ant is mulling what could be the world’s largest IPO, seeking to raise about $35 billion in the dual listing at a valuation of about $250 billion, people familiar have said. See:  Exclusive: Ant Financial shifts focus from finance to tech services: sources Plans are ...
Read More
Ant IPO review - The Security Token Field - The Next Step After the ICO Annihilation?
OSFI | Release | Sep 15, 2020 OTTAWA, ON, Sept. 15, 2020 /CNW/ - Today the Office of the Superintendent of Financial Institutions (OSFI) launched a three-month consultation with the publication of a discussion paper, Developing financial sector resilience in a digital world.  The paper focuses on risks arising from rapid technological advancement and digitalization, as these trends impact the stability of the Canadian financial sector. This consultation supports OSFI's strategic objective to ensure that federally-regulated financial institutions and pension plans are better prepared to identify and develop resilience to non-financial risks before they negatively affect their financial condition. While technology is a key enabler for financial institutions and financial consumers, its widespread use and rapid adoption can pose risks in many different areas of the business if not properly understood and managed. See:  Fintech & Cybersecurity: Key Risks and Solutions Cyberattacks now cost small companies $200,000 on average, putting many out of business Cybersecurity Body of Knowledge Understanding the financial sector's use of technology and how technology risks are managed is central to this consultation. OSFI's discussion paper focuses on the risk areas of cyber security, advanced analytics (artificial intelligence and machine learning), and the use of third party services ...
Read More
Technology risks in the Financial Sector - The Security Token Field - The Next Step After the ICO Annihilation?
Wealth Professional | James Burton |Sep 23, 2020 Robo-advisor trumpets easy-to-use, transparent and safe product, which is now open to investors Weathsimple Crypto went live yesterday, with more than 130,000 Canadians having signed on to the waitlist since the product was announced last month. The digital platform is offering commission-free trading of the two largest cryptocurrencies, Bitcoin and Ethereum, through a mobile trading app. The robo-advisor believes it will make a largely complex and inaccessible asset class more inclusive and easy to use. There is no minimum account size, no charges for deposits or withdrawals, and no extra hidden costs. Wealthsimple CEO Mike Katchen told WP that its primary arim is to be simple and accessible. He said: “You don’t need to be an expert in cryptocurrency or blockchain to use this platform. It’s geared toward people who are interested in learning more or dipping their toes into crypto trading. The other big one is that the pricing is transparent. The price you see when you tap buy is what you pay — no extra hidden costs. There’s no minimum account size, and we don’t charge for deposits or withdrawals. Watch FFCON20 Video:  Wealthsimple's Road to Regulatory Crypto Approval and What it Means ...
Read More
crypto - The Security Token Field - The Next Step After the ICO Annihilation?
Global Risk Institute | Markos Zachariadis, University of Manchester | Sep 24, 2020 Executive Summary:  Data-sharing frameworks in financial services:  Discussing open banking regulation for Canada  Data-sharing frameworks in financial services are becoming increasingly prevalent with the potential to shape drastically the future of banking and finance. As data assets are of strategic importance to financial institutions and central to their ‘datafication’ and digital transformation processes, sharing and accessing new data can alter the dynamics of competition and lead to the emergence of new players as well as nascent markets. Innovative technologies such as application programming interfaces (APIs) can help simplify data communication between systems and thus standardize the exchange of information between organizations allowing them to experiment with new, more open, business models. APIs also give the ability to effectively control openness and orchestrate ecosystems of third-parties that can add value to organizations’ supply chain and end users. Having said that, the deployment of open APIs in financial services raises numerous questions regarding the appropriate regulatory (or not) framework and infrastructure for opening up data in the banking sector. See:  Open Banking – North American Style Explore Fintechs in Canada Sign-up for NCFA's Weekly & Insights Newsletter The current ...
Read More
Data sharing frameworks and APIs - The Security Token Field - The Next Step After the ICO Annihilation?
Betakit | Meagan Simpson | Sep 23, 2020 Neo Financial, the new Canadian FinTech startup focused on challenging the status quo in banking, has begun rolling out its services in Western Canada. Neo Financial is a Prairies-based startup created by SkipTheDishes founders Andrew Chau and Jeff Adamson, alongside Kris Read. It is the newest challenger bank entrant into the Canadian financial market and is on a mission to re-imagine everyday banking. After spending the first year and a half of its existence building out its tech and banking infrastructure, Neo has officially brought its financial services offering to market. Over the last couple of weeks, Neo began offering its savings account, Mastercard, and merchant rewards program to a select number of individuals on its 30,000-plus waitlist. With a current focus on Western Canada, Neo hopes to have its products available across Canada later this year. See:  Open banking would help the recovery Refusal to embrace open banking puts Canada behind yet another curve C.D. Howe Institute Report: Open Banking Holds Promise, Risks for Consumers Rebank Podcast: How to Build a Profitable Digital Bank with Tinkoff Chau, Neo’s CEO, recently spoke to BetaKit about the startup’s go-to-market strategy and its goal ...
Read More
NEO - The Security Token Field - The Next Step After the ICO Annihilation?
MarketWatch | Jonathan Burton | Sep 18, 2020 Veteran hedge-fund manager says capitalists don’t divide the economic pie well, so the system isn’t working effectively for all Ray Dalio certainly is no radical idealist, but in his frequent writings and media appearances the veteran investor consistently calls for Americans to rewrite their longstanding contract with capitalism so that it is fairer and more generous to more people. Otherwise, he predicts, life in the U.S. could become more difficult: mountainous debt that stunts economic growth; fewer opportunities for ordinary citizens to get ahead financially; and a worldwide lack of trust in the U.S. dollar that diminishes Americans’ purchasing power and could lower their standard of living. Dalio is the founder of Bridgewater Associates, the world’s largest hedge-fund firm, which has made him a billionaire. So it’s not surprising that he champions capitalism as a proven way to expand economic growth and living standards. “Capitalism and capitalists are good at increasing and producing productivity to increase the size of the economic pie,” he says. Then Dalio stands this tenet on its head. Capitalists don’t divide the economic pie very well, he says, and so today the capitalist system, the foundation of the ...
Read More
Ray Dalio at world economic forum - The Security Token Field - The Next Step After the ICO Annihilation?
Investment Executive | James Langton | Sep 21, 2020 Sweeping recommendations to reform Ontario’s securities laws are facing a barrage of criticism from certain corners of Bay Street. The Ontario Capital Markets Modernization Taskforce, which began its review of the province’s securities laws in February, published its draft recommendations in July. The task force aims to deliver its final recommendations to the government by the end of the year, despite conducting most of its consultations amid a global pandemic. The task force’s work has been remarkable for both its speed and its ambition, but critics say the group’s recommendations are ill-conceived, threaten investor protection and could undermine the province’s efforts for more vibrant capital markets. The task force’s July report proposes a series of reforms largely designed to stoke growth in the capital markets. In addition to the Ontario Securities Commission’s (OSC) traditional priorities of investor protection and ensuring fair and efficient markets, the task force proposes expanding the regulator’s mandate to include an obligation to foster capital formation and competition. The task force also recommends overhauling Ontario’s existing regulatory structure, easing a variety of constraints on raising capital, remodelling proxy voting and corporate governance, and revisiting enforcement and investor ...
Read More
Ontario government building 1 - The Security Token Field - The Next Step After the ICO Annihilation?
Office of the Comptroller of the Currency, Press Release |  Sep 21, 2020 WASHINGTON—The Office of the Comptroller of the Currency (OCC) today published a letter clarifying national banks' and federal savings associations' authority to hold "reserves" on behalf of customers who issue certain stablecoins. Stablecoins refer to cryptocurrency backed by an asset such as a fiat currency, including U.S. dollars or other foreign currency. "National banks and federal savings associations currently engage in stablecoin-related activities involving billions of dollars each day," Acting Comptroller of the Currency Brian P. Brooks said. "This opinion provides greater regulatory certainty for banks within the federal banking system to provide those client services in a safe and sound manner." See:  Stablecoins: Experience the Stability Visa’s digital dollar concept opens a door to central bank currencies FFCON20 Video: Future of CBDCs, Digital Assets and Trading Virtual Panel via Toronto Centre (Apr 17): Using Stable Coins to Facilitate Financial Stability and Inclusion Under Unprecedented Times The letter responds to questions regarding the application of stablecoin-related bank activities. It concludes national banks and federal savings associations may hold "reserves" on behalf of customers who issue stablecoins, in situations where the coins are held in hosted wallets. The ...
Read More
Stablecoins   - The Security Token Field - The Next Step After the ICO Annihilation?

 

share save 171 16 - The Security Token Field - The Next Step After the ICO Annihilation?