STO Weekly Review by Evercity 11–17.02.2019

Evercity
Evercity
Feb 18, 2019 · 2 min read

Main news

🥁Luxembourg lawmakers have passed bill 7363 into law, facilitating the use of blockchain technology in financial services. The new law aims provide financial market participants with more transparency and legal certainty in regard to the circulation of securities with blockchain technology. The bill is also geared to make the transfer of securities more efficient by reducing the number of intermediaries.

🇬🇧TokenMarket, a “Global investment platform” announced its intent to raise up to £10 million in a security token offering (STO). Perhaps the most interesting aspect of the forthcoming STO is the fact that TokenMarket will be issuing the securities under the watchful eye of the UK Financial Conduct Authority. In July of 2018, TokenMarket was officially accepted by the FCA into their regulatory Fintech Sandbox. The FCA has been the trailblazer of the Sandbox concept — a process that has now been emulated in many jurisdictions around the world.

Projects

🏠Elevated Returns, the company behind the first tokenized real estate offering (Aspencoin), plans to tokenize $1.0 Billion of real estate assets using Securitize and the Tezos blockchain.

💸SPiCE VC has announced its investment in InvestaCrowd — a digital securities platform that operates under a licence given by the Monetary Authority of Singapore. With this investment SPiCE VC now has 10 projects in its portfolio: InvestaCrowd, Securitize, Saga, Slice, Graphpath, RNDR, Rox, Archax, IOB, Bakkt.

🙌🏻The NEO Project’s “NEO Global Development” (NGD) group announced that it had formed a consortium to explore and understand the growing digital securities sector.

Join Security Token Club: https://t.me/stoaccelerator

Evercity Blog

Smart city accelerator and venture crypto fund http://t.me/evercity

Evercity

Written by

Evercity

Evercity Blog

Smart city accelerator and venture crypto fund http://t.me/evercity

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