STO Weekly Review by Evercity 13–19.08.2018

Evercity
Evercity
Aug 20, 2018 · 1 min read

Main news

🔥The World Bank is getting ready for the issuance of the first blockchain-based bond together with major Australian conglomerate Commonwealth Bank of Australia. The bond will become the first debt instrument in the world, created and managed with the usage of blockchain technology. The new bond type was called «bond-i».

Projects news

🕺🏻One of the security tokenisation pioneers Polymath officially launched its dApp for the issuance of security tokens. The company claims having received thousands of applications, from which it chose 5 startups for the launch: 1) 7Pass for the funding of cannabis industry, 2) MintHealthbringing together medicine and blockchain, 3) BlockState ecosystem of financial products of the new generation, 4) startups financing system Corl, 5) platform for the creation of blockchain patents iPWE.

Regulations

🔍New judicial precedent: on 14th of August SEC (The United States Securities and Exchange Commission) issued an order against oil and gas company Tomahawk Exploration LLC. The project’s (though unsuccessful) ICO and its bounty campaign was recognised as illegal offering of securities in the form of penny stock. The founder was obliged to pay a $30,000 fine and was prohibited from owning or trading penny stocks in any form.

Investments

💰One of the world’s biggest crypto exchanges Huobi invested a «significant sum» into the platform for securities issuance and trading OpenFinance.

🇨🇳Chinese private equity company GSR signed a letter about its intentions to invest $270 million into security tokens trading platform tZero, a subsidiary of an online retailer giant Overstock.

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Evercity Blog

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

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Evercity

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

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