Securitize Goes License Shopping With Acquisition of SEC-Registered Broker-Dealer

Security token firm Securitize is trying to become a broker-dealer and alternative trading system for digital assets, the company announced Thursday. The firm signed an agreement to purchase Distributed Technology Markets (DTM), a broker-dealer and alternative trading system registered with the U.S. Securities and Exchange Commission (SEC) and the U.S. Financial Industry Regulatory Authority (FINRA).  […]

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INX Crypto Exchange to Launch $117M IPO Next Week

INX Ltd. said it will launch its long-awaited landmark initial public offering (IPO) as soon as Monday, capping a nearly two-year journey for the startup cryptocurrency and security token exchange. The net proceeds would be used to: The instruments on offer are a hybrid of utility and security tokens. INX’s sale would mark a milestone […]

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Ultra-Rich Monaco Wants to Fund Social Impact Projects With Security Tokens

The Principality of Monaco, a popular haven for the mega-rich, has begun approving security token fundraising efforts, the first step to becoming a regulated on-chain finance hub. Announced Thursday, Monaco’s Office of Digital Affairs has signed a memorandum of understanding (MoU) with Luxembourg-based blockchain startup Tokeny, which is part-owned by European stock exchange operator Euronext […]

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Germany’s Neufund Shuts Down Security Token Platform, Saying BaFin Failed to Act

Citing regulatory concerns, Berlin-based security token startup Neufund has announced plans to freeze its fundraising campaigns and sideline future tokenized equity offerings. “Many European countries had aspirations to become a blockchain-friendly hub … the authorities have stifled this plan, blocking the innovation in its tracks,” the firm wrote in a blog post Monday. Launched in […]

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Tokensoft Teams With Signature Bank to Launch Real Estate Security Token Platform

Tokensoft, a digital securities platform for enterprises and financial institutions, has partnered with New York-based Signature Bank in a bid to make security tokens click for real estate investors. Most platforms for trading security tokens consist of alternative trading systems that are geared toward general investors, said Tokensoft CEO Mason Borda. However, Tokensoft’s is a […]

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