Templum Goes the Private Blockchain Route & Inveniam Capital is Tokenizing $260 Million Worth of Real Estate
Each week we share the latest news in the Security Token industry. This is newsletter #25 — subscribe here to get it in your inbox every Thursday.
This newsletter comes a day later than usual due to yesterday’s Fintech Disruption Summit. Numerous professionals from the finance industry converged on Copenhagen, to discuss blockchain, tokenization and fintech.
The conference was a great initiative, and we hope to see more of these blockchain-industry cross-over events happen in the near future.
In next week’s issue, we’ll make sure to include articles on both my presentation (on the fundamentals of tokenized securities) and the conference to keep you up to date.
The idea that if an asset is tokenized, liquidity will come, is nonsense. The asset should be interesting in itself. After all, why is Apple the most traded share? Because it’s one of the biggest and most interesting companies.
— CEO of Blocktrade Luka Gubo at Fintech Disrupt this week.
🌇 Vertalo, Securrency and Inveniam Capital have partnered to tokenize four real estate assets worth $260 million. The assets include an office building and a water pipeline project, among others. See also Vertalo’s blog.
💰 Fintech startup Nivaura, which offers an enterprise platform for tokenized securities, just raised £15 million from the London Stock Exchange Group, among others.
💸 Singapore-based tokenization investment platform Investacrowd has raised funds from family office Soul Capital, which mostly invests in blockchain companies. No further details have been made public.
🔒 Broker-dealer Templum, who also worked on tokenized St. Regis Aspen deal, is shifting to a private blockchain, because of scalability and legal concerns. The new blockchain will be built by (Citigroup & Nasdaq-funded) Symbiont.
📂 Multiple Central Securities Depositories (CSDs) in Europe and Asia are exploring the world of tokenized assets and how this will change their role as custodians.
💱 Fusang Exchange has received approval for a securities exchange license in Malaysia.
🎉 This week, we publicly published our report on Tokenizing SME Equity in the Netherlands and the European Economic Area. If you haven’t had the chance to read it yet, find it here.
🐦 A proposal to improve the Ravencoin protocol, theoretically allowing for better whitelisting capabilities for tokenized securities on the Ravencoin chain.
🇰🇷 Korean blockchain company builder Chain Partners published the Security Token Analysis report. Some insights: they expect the industry to grow at a CAGR of 59% for the coming years, with the main driver being asset-backed tokens, and institutionalization expected for after 2025.
💳 Paysera will issue a tokenized security through the DESICO platform next month. The online payment company seems to be doing quite well, with revenue growing with 40% to $10.6 million over the last year.
⛏️ After raising $1 million in their first seed round in August 2018, US-based crypto mining operator EliteMining will run a second round for up to $6 million. The STO will begin on 30 April this year.
We’re quite impressed with MakerDAO. After the Unchained podcast with Rune Christensen and a presentation in Copenhagen this week, it’s clear the project is making waves.
Take for instance the presentation by Head of Integration Lasse Birk Olsen, who said it is the first time anyone can get a loan without a counterparty. The only thing you need is to put up enough assets (Ether now — other crypto and non-crypto assets in the future) as collateral.
We haven’t seen true decentralized applications in the securities space yet, so it’s stuff like this that is incredibly interesting. If you have any other projects that come to mind, shoot us a message.
See you next week! 👋
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