Nick Chong · 1 week ago · 2 min read · Insights via Grayscale Investments
Ethereum › U.S. › STOs
Brooklyn Nets guard Spencer Dinwiddie is creating a revenue-sharing platform allowing professional sports players to tokenize themselves as debt securities, starting with an offering of his own Ethereum-based “Professional Athlete Investment Tokens” (PAInT) as early as this week, ESPN reported.
A young Caribbean-based company is offering foreign investors a chance to buy $75 million worth of tokenized real-estate assets.
Tezos › Partnerships
Latin American bank BTG Pactual and asset manager Dalma Capital announced that they will be using the Tezos blockchain to launch security token offerings (STOs).
San Francisco › Exchanges
Kraken, one of the oldest cryptocurrency exchanges, reached out to its customers via email offering them tokenized stock in the company.
Cardano › Altcoins
Charles Hoskinson, the founder of Cardano and co-founder of Ethereum, is partnering with Polymath as the co-architect of “Polymesh”—a blockchain that aims to become “layer one” for security tokens, as first reported by Forbes contributor Rachel Wolfson at Consensus 2019.
Ethereum › France › Adoption
French lending giant Societe Generale has become the latest traditional financial company to experiment with digital tokens.
U.S. › Regulation
FinCEN issues guidance on privacy coins, LocalBitcoins sellers, prediction markets, and other crypto businesses
US regulatory agency FinCEN released new guidance on whether certain crypto businesses are regulated as money services businesses.
The rapid growth of cryptocurrencies and other digital assets in recent years, combined with seemingly unlimited potential applications for blockchain and distributed ledger technologies across a range of industries, has led to an unprecedented period of innovation and the emergence of some of the most disruptive technologies in decades.
New York › Adoption
RealBlocks, a platform leveraging the Ethereum blockchain to tokenize equity in real estate, closed a $3.1 million seed round.
Malta › Guest Post
Once the institutional ‘smart money’ enters the market, we will see a liquidity pool difficult to imagine compared to the current market.
Thailand › STOs
Elevated Returns, a pioneer of Trophy Real estate Tokenization, has recently announced a partnership with Securitize, a compliance platform, and protocol for issuing and managing digital securities on the blockchain.
The zero-sum game that is trading has traditionally been a tough sell for retailers, who may seldom come out on top in their daily tug-of-war with the deep-pocketed institutions that wrap most markets around their fingers.
An exceptionally low success rate and a substantially high risk of scams are already making the much-hyped ICOs obsolete.
Elevated Returns, a hospitality-focused asset management company, recently announced the closing of the Aspen Digital real estate token sale, which raised $18 million via Indiegogo.
New York › Adoption
According to a blog on the Circle website, the Goldman Sachs-backed peer-to-peer payments technology company has signed a definitive agreement to acquire SeedInvest, a leader in the equity crowdfunding industry and registered Broker-Dealer. With this acquisition, Circle is clearly entering the security token space.
Ethereum › New York › Adoption
When it comes to Wall Street, most would envisage the crypto securities market as a distant, but a multi-trillion-dollar blip on the horizon.
In 2017, Bitcoin prices went up by nearly 1,700 percent in a single calendar year.
Ethereum › KYC
The regulated future of blockchain-based crowdfunding is just around the corner, with regulators now taking a hands-on approach to the oversight of initial coin offerings (ICOs).