Completed, Ranked, Ordered (Weekly Digest, Feb 25 — Mar 01)

Ethereum Constantinople: completed, Tesla or BTC, China and Coinbase Pro praising Tron, Russia to finally decide on crypto, successful investment rounds despite the crypto winter, Japanese major securities brokerage to pass a review, Swiss bank to provide crypto-related services, Coinomi's pledges of security

  • Constantinople and St. Petersburg: finally successful.
  • Regulation updates and the Presidential order in Russia: Russian Supreme Court included ‘crypto-to-fiat conversion’ into the wording of the anti-money laundering law; President Putin ordered to adopt federal laws regulating cryptocurrency as the subset of ‘digital financial assets’ by July 2019.
  • Tron and EOS surpassed Ethereum in the number of dapps. However, this regards quantity in the first place.
  • Coinbase Pro listed XRP. The XRP/USD, XRP/EUR, and XRP/BTC pairs are now available on the platform for users from the USA (except for NY), UK, EU, Canada, Singapore, and Australia.
  • According to the crypto ranking by China’s Center for Information and Industry Development, top-3 assets are EOS, TRON, and ETH. Notably, this is the first mention of Tron in this rating (this is the 10th update; 35 assets altogether).
  • Blockchain Startup Nivaura got $20 mln during its second seed extension round. It was held by the London Stock Exchange Group (LSEG). The company’s motto is to ‘Build digital investment banking services to drive automation, compliance and improved client experience.’
  • A major Swiss bank is going to provide crypto-related services. SEBA Crypto AG and Julius Baer signed a collaboration; ‘SEBA works towards bringing together the world of old-school finances and the newly emerged crypto valuables through regulation.’
  • Japanese Daiwa Securities Group, the country’s second largest securities brokerage, has stood the ‘JPX Proof-of-Concept Testing for Utilization of Blockchain / DLT in Capital Market Infrastructure’. It aims is to make the post-trade processes more efficient.
  • Coinomi denied claims as for its security breach. Some users claimed that Coinomi wallet used to send the mnemonic phrases through Google’s remote spell checker unencrypted.
  • Will Elon Musk change Tesla for Bitcoin? Binance CEO Changpeng Zhao suggested Elon Musk to trade a Tesla for some BTC; this is the way how CZ responded to the fact that Musk had only 0.25 BTC.

BTC

8,744 USD
-0.58%

EOS

7.98 USD
-0.16%

ETH

272.72 USD
0.13%

TRX

0.03416 USD
-0.67%

BNB

33.05 USD
1.88%

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Harbor Tokenizes $100 Million in Real Estate Funds on ETH

One of the leading tokenization platforms, Harbor announced this week that they successfully tokenized $100 million in real estate funds. The firm tokenized four major funds with the goal to increase liquidity for investors. The move showcases growing interest by investors towards tokenized real estate. As part of the tokenization, Harbor provides investors with access to their inclusive platform. Here, investors can trade their securities in full compliance with the SEC. Speaking on the decision, Harbor’s CEO, Josh Stein described the maneuver as the natural evolution. The tokenized real estate fund includes a mash-up of 17 broker-dealers, a myriad of placement agents, and approximately 1,100 private investors. Importantly, iCAP Equity is the fund’s manager. Harbor Tokenizes $100 Million in Real Estate Funds via Twitter iCAP’s CEO, Chris Christenson spoke on the decision in detail in a recent interview. Here he explained why it was important to create the best investment experience possible for his clients. In his words, the best way to accomplish this monumental task was “providing liquidity for them.” Harbor Tokenizes Funds on Ethereum Blockchain Harbor chose Ethereum’s ERC-20 standard for the tokenization of the funds. Traditionally, Harbor would use its native R-token standard but developers decided that due to the passive nature of the investment, ERC-20 tokens were better suited for the task. More than Issuance Stein envisions Harbor as more than just an issuance platform. Now, the company seeks to provide businesses with a solid tokenization infrastructure. In this manner, companies can tokenize their existing assets. Stein explained that the demand for newly issued tokens was far less than previously expected. Interestingly, Harbor noticed that most STO investors were of the speculative nature versus true investments. Tokenizing Existing Assets Notably, Harbor discovered that tokenizing assets that already have value were much easier to market. For one, they are more geared towards the traditional investment community. Harbor Tokenizes Shares to Add Liquidity to the Market Traditionally, securities investors agree upon a multi-year lockup. Basically, you can’t sell your shares until an agreed-upon date. The problem here is that in many instances, investors need to access those funds for certain reasons prior to the agreed-upon date. In the traditional system, an investor would have to wait out the years until granted sales access or find an investor willing to take over the waiting period. Harbor’s platform does away with this nonsense and allows investors to trade their tokenized shares as soon as the SEC mandatory one year lockup period ends. Experience Equals Lessons Like any true pioneer, hard lessons were part of the learning process. Last year, Harbor attempted to issue tokenized shares in an apartment building. While the concept was solid, discrepancies arose between the mortgage lender. In the end, the deal was scrapped before launch. Harbor Tokenizes the World Harbor appears to have the flexibility and forward-thinking needed to adjust to the ever-changing crypto landscape. You can expect to see more major players in the tokenization sector begin to duplicate this strategy in the coming months. For now, Harbor appears to be a step ahead of the curve. The post Harbor Tokenizes $100 Million in Real Estate Funds on ETH appeared first on Securities.io.
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Episode #427 Bitcoin To $40,000 This Fall?

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