Security Token Offerings Explained with Blueshare – World’s First and Only Hybrid STO

In a recent interview, Dr. Zlatin Sarastov – CFO of the Swiss tokenized shares platform Blueshare, explained the concept of regulated security tokens, their importance and how Blueshare is utilizing this concept to devise a revolutionary model surrounding the construction and mining business of Interprom Mining AG. Interprom Mining AG is a Switzerland based company and the parent of Interprom Ltd. Since its conception 23 years ago, the company has proven itself to be a leading infrastructure developer in the Eastern European region, participating in projects involving both above and…

Coincheck Owner Mulls Addition of Crypto to Its Retail Offerings

Online brokerage Monex Group Inc., owner of the hacked Japanese crypto exchange Coincheck, is considering adding crypto to its retail client offerings in a bid to become more competitive in the local brokerage market. The news was reported by Bloomberg on April 15. As previously reported, Monex acquired Coincheck in April 2018 in the wake of the exchange’s industry record breaking $532 million hack in January of that year. According to Bloomberg, Monex now sees its Coincheck involvement as potentially instrumental in restoring its erstwhile market dominance. Founded in 1999,…

Mauritius Financial Regulator Issues Guidelines on Security Token Offerings

The Mauritius Financial Services Commission (FSC) has issued a second guidance note concerning security token offering (STO) regulation, dated April 8. In the document, the FSC declared that security tokens are considered digitally represented securities as defined in the Securities Act of 2005. As a consequence, when STOs are conducted in or from Mauritius, the offering is regulated by local security regulations, including the requirement for a prospectus. The regulator also notes that, while no STO can take place without its prior approval, there are exceptions for when a token…

Hong Kong’s Securities Regulator Issues Detailed Guidance for Security Token Offerings

Hong Kong’s securities regulator, the Securities and Futures Commission (SFC) has issued official guidance on security token offerings (STOs), in a statement published on March 28. The guidance aims to clarify the legal and regulatory requirements for parties engaging in STO-related activities. The document opens with a proposed working definition of a security token and sale, noting that: “STOs typically refer to specific offerings which are structured to have features of traditional securities offerings, and involve Security Tokens which are digital representations of ownership of assets (eg, gold or real…

Security Token Offerings ‘are Not Fundamentally Different From ICOs’

Security token offerings (STO) are becoming more popular, relative to initial coin offerings (ICO), according to a new report by Big Four firm PwC’s global consulting subsidiary Strategy&. Released on March 8, the firm’s forth ICO and STO report was developed in collaboration with the Swiss Crypto Valley Association. According to the joint report, STOs “are not fundamentally different from ICOs.” The document states that STOs are “a more mature and regulated form” of fundraising, noting — given the definition of a security — that the tokens sold in an…

US Leads in Blockchain-Related Job Offerings Globally: Report

The United States is the world’s leader in blockchain-related jobs, according to a research by The NextWeb (TNW) published on March 8. To prepare the report, TNW gathered information from job and recruiting site Glassdoor, finding all the job offerings that had the term “blockchain” in the job listing in countries around the world. The results reportedly showed that the U.S. is leading the world in terms of blockchain-related jobs, having about half, or 2,616, of a total of 5,711 blockchain jobs listed on Glassdoor globally. The U.S. is followed…

Texas Cryptocurrency Businesses Agree to Halt Token Offerings After Cease and Desist

Texas’ state securities regulator announced it had reached an agreement with four cryptocurrency companies it accused of selling unregistered securities, according to an order released on Feb. 21. The result of a nine-month process, Mintage Mining, BC Holdings and Investments, Social Membership Network Holding, Nui Social and manager Darren Olayan agreed to refrain from offering cryptocurrency tokens to investors. As respondents listed in the order, the entities will also pay an administrative fine of $25,000. In July last year, the Texas State Securities Board (SSB) identified token offerings by the…

Danish Government’s Energinet Signals Iota Deal to Improve Energy Sector Offerings

Danish state-owned energy company Energinet has expanded its partnership with distributed ledger network Iota to investigate use of its technology in new areas, Iota revealed in blog post Jan. 30. Energinet, which is an independent enterprise under Denmark’s Climate and Energy Ministry, wants to examine how it could leverage Iota’s Tangle technology in the energy and Internet of Things (IoT) markets. The two entities have worked together on a data marketplace initiative since late 2017, a larger project involving other companies. Energinet market developer André Bryde Alnor commented on the…

Security Token Offerings (STOs) Could be Big For Korean Crypto Industry

If 2017 and early 2018 were seen as the year(s) of the ICO then 2019 could well be the year for the STO, security token offering, according to latest research from South Korea. Security Tokens Still Need Regulation Initial coin offerings were seen as a great way to launch a project by selling tokens for it in cryptocurrency, which was predominantly Ethereum. However the scammers and shysters soon took advantage of this relatively easy way of making money at the behest of the uninitiated, and on the back of the…

Bitcoin Giant Grayscale Bolster Institutional Offerings, Launches Stellar Lumens Trust

While Bitcoin (BTC) and a majority of cryptocurrencies, save for Augur’s REP, have remained in a mundane price lull to start 2019, this industry’s upstarts have forged ahead. Grayscale Investments, a self-proclaimed “global leader in digital asset management,” recently launched an investment vehicle centered around Stellar Lumens (XLM) in a seeming bid to spark Wall Street interest. Related Reading: Bitcoin Startup BitGo May Spark Wall Street Participation In Crypto Meet Grayscale’s Trust For “Ripple Competitor” Stellar Lumens On Thursday, Grayscale, one of crypto conglomerate Digital Currency Group’s foremost branches, launched an…