STO Weekly Review by Evercity 15–21.04.2019

Main news

🇬🇧London Stock Exchange — one of the largest regulated exchanges in the world — has collaborated on Fintech 20/30 share issuance in its first security token offering. 20/30 has issued around £3 million in tokenized equity, and settled on the LSE’s Turquoise platform, described as a test environment. The security issuance is the first of its kind for the stock exchange.

Projects

🤝AlphaPoint, a blockchain company focused on enabling asset tokenization and trading in a compliant manner, has partnered with Elevated Returns to launch a “secondary market for $1 billion USD tokenized real estate shares.” The exchange will focus on the Southeast Asian property markets. Elevated Returns was behind the issuance of Aspen Coin, a digital asset issued to finance the St. Regis Aspen Resort in Aspen Colorado.

⚡️Havas Blockchain, Psion Finance and Tokeny have joined forces to create ST8, a digitized financing solution, designed specifically for French SMEs looking to raise capital. Due to new regulation in France, the AMF has exempted offerings below 8 million euros from having to create a prospectus, making the fundraising process more simple and cost effective for SMEs.

✅ReitBZ, part of BTG Pactual, has announced that it has hit its USD $3 million “soft cap” goal (the set hardtop is $15 million) for its security token offering based on real estate assets.

Regulation

📝The Enterprise Ethereum Alliance, JPMorgan, Consensys, Microsoft, IBM, R3 and others, have launched the Token Taxonomy Initiative — to establish a set of terms and definitions for tokens.

Join Security Token Club: https://tglink.ru/stoaccelerator