Securitize Builds Digital ID Service in Hopes of Creating Industry Standard

Securitize is rolling out a common identification system for its customers that it hopes will streamline the know-your-customer (KYC) process for all participants in the security token ecosystem. The company announced its new identification service, Securitize ID, Thursday, saying any individual who completes their KYC process with the transfer agent can use the same information […]

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Vertalo to Tokenize 22 Securities Worth $200M on Tezos Blockchain

More than 20 companies expect to tokenize securities on the Tezos blockchain, representing some $200 million in deals, through a new partnership with fintech merchant bank DealBox and software provider Vertalo. Announced Monday, the partnership will see Vertalo tokenize 22 different securities issued by DealBox’s clients, providing data management services and providing liquidity, Vertalo CEO […]

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DTCC Calls on Banks and Regulators to Help Address Blockchain Security Issues

The Depository Trust & Clearing Corporation (DTCC) wants the financial sector to form a consortium alongside regulators to reduce risks associated with blockchain. In a white paper published Wednesday, the New York-based post-trade financial services firm said participants in the financial sector should work to establish a set of “agreed-upon standards” that could address some […]

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Canadian Regulatory Group Targets Crypto Exchanges Holding Users’ Digital Assets

Canada’s top financial watchdog has told crypto exchanges they will be subject to securities law if they act as custodians to users’ digital assets. The Canadian Securities Administrators (CSA) said in guidance published Thursday the common exchange practice of custodying users’ assets – “merely providing users with a contractural right or claim to an underlying […]

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