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

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

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

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

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.…

Uzbekistan – A Secret Security Token Haven

Uzbekistan – A Secret Security Token Haven

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

WEF Davos: RBC reveals exploring blockchain for private equity

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…