tokenization

Paxos Launches PAX Gold, Regulated and Redeemable for Physical Gold

September 11, 2019
Stablecoin operator Paxos launched PAX Gold (PAXG), a gold-backed Ethereum (ETH) token. Paxos announced the launch of the product above in a press release published on Sept. 5, claiming that it is “the first crypto-asset redeemable for physical gold.” Furthermore, the New York State Department of Financial Services (NYDFS) put forward their approval of the

German Financial Watchdog (BaFin) Approves Fundament’s $280 Million Token Offering

July 30, 2019
Germany-based end-to-end security issuance solution for asset tokenization, Fundament Group has received approval from the country’s Financial Market Supervisory Authority (BaFin) to distribute real estate bond within the country. The regulatory approval reportedly will enable the startup company to issue a proposed €250 million ($280 million) bond, that will be backed by a portfolio of properties in

Facebook Hires Standard Chartered Bank’s Head of Public Affairs for Crypto Project

June 21, 2019
Facebook has reportedly hired Standard Chartered Bank’s head of public affairs Ed Bowles for its cryptocurrency project, the Financial Times reports on June 14. Per the report, Facebook hired the senior bank lobbyist in anticipation of the greater regulatory scrutiny in Europe over its plans to launch its own crypto asset and other financial services to its 2.4 billion users. Bowles will join the

Lithuania to Regulate Cryptocurrency Exchange Sector With Obligatory ID Checks

June 19, 2019
Lithuania is preparing new rules to govern cryptocurrency transactions, requiring businesses to prove the identity of clients, local daily news outlet Delfi reported on June 12. As part of its obligations to impose European Union anti-money laundering (AML) regulations, Lithuania’s finance ministry will seek to completely formalize crypto-based exchange operations. Parliament approved the move during a sitting on Wednesday, Delfi says, while

Protocol Enables Real-World Assets to Be Tokenized on Bitcoin SV Blockchain

June 4, 2019
A company has launched a protocol enabling businesses to create tokens for real-world assets on the Bitcoin SV (BSV) blockchain, according to a news release published on May 27. Tokenized says asset types including shares, loyalty points, admission tickets and memberships are supported through its ecosystem — with the Australian firm placing an emphasis on offering a product that is regulation friendly.

Basel Committee on Banking Supervision (BCBS) to Prioritize Cryptos Ahead Of Upcoming G20 Summit

June 3, 2019
The Basel Committee on Banking Supervision is an international committee formed to develop standards for banking regulation; it is made up of central bankers from 27 countries and the European Union. The BCBS has developed a series of highly influential policy proposals known as the Basel Accords. These are not binding and must be adopted

Ethereum Blockchain To Be Used For Tokenizing A Portion Of Real Estate Worth $65.5 Million

February 28, 2019
In the real estate industry, blockchain technology is often used for data management and purchase financing. However, another application of blockchain technology in this industry is tokenization. While this use case of blockchain isn’t too popular yet, a major real estate firm, Inveniam Capital Partners (ICP), has announced its plans to issue tokenized securities on

How $544 Trillion Worth of Assets Could Become Tokenized

February 12, 2019
Alec Ziupsnys is a trader and analyst who focuses on cryptocurrency. In his most recent article via Hackernoon, Ziupsnys made a bold claim regarding the future of security tokens, but provided plenty of reasons to support his forecast. The Evolution of Security Tokens Explained With Bitcoin just a little over a decade old, we are

Uzbekistan – A Secret Security Token Haven

January 29, 2019
The central Asian country of Uzbekistan continues to welcome STOs with open arms. This country took a more pro-crypto stance following the 2016 death of former president Islam Karimov. Now, this ex-Soviet member wants to be a major force in the security token sector. A recent Forbes article highlighted the growing pro-crypto sentiment in Uzbekistan. In

WEF Davos: RBC reveals exploring blockchain for private equity

January 24, 2019
Today at the World Economic Forum (WEF) in Davos, David McKay the CEO of the Royal Bank of Canada (RBC) revealed that the bank is experimenting with blockchain for tokenization, perhaps even private equity. He was talking during the “Automated Markets” panel. Adena Friedman, the CEO of Nasdaq had commented that retail stock investors have