ST-20

A security token format with built-in KYC.

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BANKEX Token Exchange Launches as a New Security Token Trading Platform

Issuing and trading of security tokens are emerging as a modern and efficient way for startups in the blockchain scene to raise funds. In 2017, over $5 billion was made available to startups through ICOs, a new model of issuing crypto tokens to the public in a similar fashion to share trading with the public offering of companies. BANKEX, the leading Fintech Company, recently established its token exchange to facilitate the trading of security tokens alongside the utility models. The BANKEX Token exchange will support multiple token standards such as ERC-1400, ST-20 and the ERC-888 model that incorporates KYC verification methods. According to BANKEX, its experience and familiarity in the issuing of security tokens was a cause to the launch of their first STO framework. The platform intends to lend services that will cover the entire life cycle of a security token under a diverse set of regulatory framework for tokenization. The services will include BANKEX's digitization, secondary market trading, and burning. These solutions will be accommodated via the BANKEX Digital Deal and will meet both the AML and KYC requirements. Choosing BANKEX's Token Exchange There is evidence of a growing interest in assets getting tokenized at a fast rate within real estate, venture funds among other industries, new startups are adopting the STO model, and with BANKEX's seeks to establish a foothold within the market. The move could become a game-changer for startups because they can safely develop and maneuver themselves in the securities landscape thanks to the BANKEX token exchange. BANKEX, for example, stores its digital assets in the BANKEX Custody service. The cold storage of the Custody services ensures the assets are not lost, and businesses don't experience issues of insecure storage. The storage database server is also secure from human interference since BANKEX's only uses electronic modules to access it. In essence, the wallets under the Custody Service are encrypted, and hacking would need a whole series of nested keys kept within the Hardware Security Module (HSM) on the Amazon cloud. BANKEX's introduction of their token exchange also presents a new opportunity for algorithm-based spot traders in the crypto market. Since its permits high-frequency trading (HFT) and implementation of the Application Programming Interfaces, users can select their strategies, program their instruction and execute the broker plans. In the future, the BANKEX Token Exchange intends to introduce margin trading in connection with liquidity providers. What Next BANKEX is also in line to acquire its license from Malta's Financial Services Authority through the Virtual Financial Assets Act service provider. But achieving the Maltese license is the first step to growing BANKEX's reach. The token exchange is also seeking permits from financial authorities in the United States, Switzerland, South East Asia, and the Cayman Islands. About BANKEX BANKEX is a top Fintech company providing Bank-as-a-Service on blockchain options and the development of the Proof-of-Asset protocol. Its primary product, the POA protocol, utilizes the ERC-20 utility token for payment purposes and the creation of the Smart Assets in the ecosystem.
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Blockchain Firm BANKEX To Launch Security Token Exchange

Malta-based Fintech BANKEX will be launching its own token exchange that will enable trade of basic pairs of utility tokens and complex security tokens connected to real-world assets. BANKEX operates a Proof-of-Asset Protocol to bring Bank-as-a-Service (BaaS) and blockchain together and facilitate the digitization, tokenization and exchange of traditional assets, ushering in a new era for finance and banking: Securitization 2.0. Its infrastructure services and technologies include the STO framework, which offers services covering the entire life cycle of a security token. Other offerings include custody service, Ethereum Plasma Prime, supply chain, and digital deal. The company’s new token exchange will serve as a secondary market for security tokens and will support ERC-1400 and ST-20 token standards, as well as its own ERC-888 security tokens that incorporate know your customer (KYC) verification methods. The trading platform will store crypto assets in BANKEX Custody Service, an eminently secure cold storage depository. It will undergo a brief evaluation period over the next few weeks to ensure optimal operations for all customers. “The tokens that will be supported by the new exchange will only be available to people who have gone through and been approved by KYC and AML procedures,” the company said. “The author of a token, i.e. the business or the developer that is responsible for the token offering, can create and monitor rules for both the KYC and AML procedures.” The company said that they will apply for a Virtual Financial Assets Act service provider license in Malta next year in order to list security tokens in full accordance with Maltese legislation. “The Malta Financial Services Authority license is granted only to exchanges that have strong know your customer (KYC) and anti-money laundering (AML) procedures in place,” the company said. “In conjunction with this initiative, BANKEX is also working towards getting licenses in Switzerland, South East Asia, the United States, and the Cayman Islands.”
BlockTribune

What Is Polymath Network?  Introduction to POLY Token

What Is Polymath? Polymath is a security token platform that uses the ST-20 token standard to ensure compliance with government regulations when issuing digital securities. Polymath is a platform like Ethereum, but instead of creating utility tokens like an ICO platform, it offers equity in a company – a model which has a well-established regulatory framework. Polymath focuses on KYC, AML, and other legalities to ensure regulatory compliance with securities laws. ICOs came under fire from government regulators around the globe in 2017 and 2018.  The difference between an ICO (initial coin offering) and an STO (securities token offering) is the resulting equity stake in the company. The effort from Ripple Labs to separate itself from the XRP token and the legal woes behind Tezos are great examples of the perils early blockchain projects face, as their networks, foundations, and tokens are used interchangeably, and the actual lines between them being blurred. When the concept of the ICO was proven, everyone jumped on the bandwagon. It became a big business, with $5.6 billion raised by ICOs in 2017 and over $13 billion in 2018, according to PwC Switzerland. This money attracted some bad actors, and over $100 million was lost to ICO exit scams. Polymath believes it has the answer, sparking the rise of the STO and building a solid blockchain ecosystem. But is this really the death of the ICO? Before answering that question, let’s take a look at the POLY token and its performance on the cryptocurrency market. POLY Cryptocurrency Summary As of November 19, 2018, the circulating supply of Polymath is 286,737,107 out of a total supply of 1,000,000,000 POLY. The peak price so far was $1.59 on February 19, 2018. Although Polymath created the ST-20 token standard, they’re staked using POLY, which is an ERC-20 token on the Ethereum blockchain. This means while Polymath enables security offerings, its own native token is a utility token itself. The Polymath ICO was the first to actually be registered with the Securities and Exchange Commission and be fully SEC compliant. Over $59 million was raised during a private token sale to accredited investors. Once it got its foot in the door, Polymath built the road for everyone else in crypto to follow. The initial token supply of 240,000,000 POLY was airdropped to Polymath participants registered by January 10, 2018. The remaining supply was retained by the founding team. POLY can not be mined. POLY fuels transactions on the Polymath network, just like ETH does for Ethereum. Over $4 million worth of POLY is traded on a daily basis. It’s supported by a variety of cryptocurrency exchanges, including CoinZest, Upbit, Binance, Bittrex, Huobi, and LATOKEN. POLY trading pairs include ETH, BTC, and fiat currencies like KRW. Because it’s an ERC-20 utility token, POLY is supported by any ERC-20 compatible wallets, including Ledger’s hardware wallets and MyEtherWallet. Securing the Wild West of Crypto When scaling a business, money is needing to fun growing operation months, sometimes even years, before enough revenue is collected to be profitable. To raise capital, companies will issue shares of their company. These shares are a stake, or stock, in the company that provide voting, profit-sharing, and other rights. Of course, in an unregulated (or under-regulated) market will bring bad actors. Just like how the ICO market attracted exit scams, the New York Stock Exchange back in 1929 was filled with overvalued stocks with no real backing. The stock market crash in October of that year led to the Great Depression. The SEC is one of many government agencies created in the aftermath. Specifically, the SEC was created by the Securities Exchange Act of 1934. Securities law has two main focuses, in the agency’s own words: Companies publicly offering securities for investment dollars must tell the public the truth about their businesses, the securities they are selling, and the risks involved in investing. People who sell and trade securities – brokers, dealers, and exchanges – must treat investors fairly and honestly, putting investors’ interests first. To maintain this public trust, publicly held companies (those who sell shares to the general public on the open market) are required by the SEC and its laws to file registration statements for newly-offered securities, annual quarterly filings (Forms 10-K and 10-Q), proxy materials sent to shareholders before annual meetings, annual reports to shareholders, documents concerning tender offers, and filings related to mergers and acquisitions. In addition to these documents, SEC investigators routinely monitor emerging and established markets for signs of information misrepresentation, market manipulation, unregistered securities sales, insider trading, and other illegal activity. Most ICOs were being targeted for selling unregistered securities, although some have violated other rules. As a whistleblower, I’ve dealt with the SEC’s enforcement agents, and they are remarkably intelligent and effective people. In other words, not to be messed with. Navigating all this information takes the help of a skilled professional. And that’s where the Polymath network comes in. Under the Hood of Polymath Polymath has four layers in its blockchain: Protocol, Application, Legal, and Exchange. The protocol layer is the smart-contract layer with all of the terms built in. The application layer is where the security tokens are created. The legal layer is the network governance layer, where templates are created and used by accredited lawyers. The exchange layer works like Bitcoin’s digital ledger. Three parties are then involved in transactions. Investors, developers, and issuers. Issuers pay POLY to create and issue securities tokens. Investors pay POLY for KYC/AML verification and transaction fees. Developers receive POLY for keeping the network updated and secure. Because it’s dedicated to securities tokens, Polymath is a full-stack ST platform that makes it easy for anyone, even without technical knowledge, to issue a security. Using a decentralized model with a digital ledger, Polymath is basically a “securities in a box” platform that is useful beyond blockchain to the foundation of Wall Street itself. Here are the fields presented when you create a token on the Polymath network: Legal Name: Legal Entity Type: Type of Security: Project Description: Logo: TOKEN CHARACTERISTICS Voting Rights: Dividend: Dividend Frequency: Corporate Governance: Governance Integration Partner: Additional Features: TOKEN ALLOCATION Tokens to Create: Percentage of Tokens Held by Company: Percentage of Company Equity Distributed With Tokens: Price per Token in USD: LEGAL DETAILS Issuing Jurisdiction: Offering Security To: Investors Must be Accredited: Investor KYC Needed: KYC Integration Partner: Tokens Freely Tradable: CONTACT DETAILS Contact Name: Position at Company: Contact Phone Number: Contact Email: Permit Contact from Polymath: Once a token is created, you’ll shop for legal delegates using your own due diligence and price shopping. You then pay your fee to the lawyer to prepare your legal documents to register with the SEC and other regulators to remain compliant. To become an investor, you’ll need to choose a KYC provider and place the required POLY balance in escrow. This will verify your identity and accreditation status, which is stored in a smart contract by the provider. Selling security tokens isn’t as easy as selling POLY on a crypto exchange. Only authorized, accredited investors can take ownership. Because it’s baked into the smart contract, selling to an unaccredited investor will be like attempting to submit a web form without filling out the required fields. And crossing all your T’s and dotting I’s is important when filing securities with any government entity. That’s why Polymath is attracting so many partners on its STO platform, including: tZero – Overstock’s blockchain-based subsidiary is building a better Wall Street infrastructure on the blockchain. Minthealth – A healthcare solution that puts patient medical information on the blockchain. Corl – An investment platform that lets businesses offer revenue sharing instead of equity, an ironic twist on Polymath’s focus on securities. BlockEstate – A fund using the blockchain to tokenize real estate transactions. Although it offers a different crypto product, the success of Polymath hinges on the strength of its ecosystem, just like Ethereum. These partnerships are a good sign the industry likes what Polymath is doing. Polymath Summary The Polymath network is a turn-key securities platform similar to Ethereum, but with a focus on government compliance. This focus makes Polymath a beacon leading the industry way from the ICO and down the path of the STO. Polymath’s quest to make cryptocurrency acceptable by governments worldwide depends on these key features: Polymath is a four-layer blockchain that includes securities issuers, investors, and developers to ensure full KYC/AML compliance for issuing financial securities. ICOs became a lightning rod for government regulators around the world due to exit scams exposing the lack of rights to coin holders. STOs put new blockchain launches in compliance. POLY utility tokens are used to pay for services and make transactions. Only accredited investors can use POLY to buy security tokens, but anyone can buy POLY on ERC-20 marketplaces. With these pieces in place, Polymath is at the forefront of an important rush in the blockchain industry. Compliance is a crucial step to mainstream crypto acceptance, and Polymath may have the formula to lead the charge. The danger of being in front, however, is being shot in the back or passed up by those behind you. We’ll wait and see how well Polymath sustains over time.   The author is not currently invested in any coin, token, or asset mentioned in this article.   The post What Is Polymath Network?  Introduction to POLY Token appeared first on Crypto Briefing.
CryptoBriefing

Polymath’s Blockchain ST20 Protocol for Security Tokens Sees Finova Financial Plan to Use

Polymath, a blockchain protocol built to help create security tokens, has declared a strategic investment in Finova Financial, looking to help it with its planned security token offering. The CEO of Polymath Trevor Koverko stated that: “Finova Financial is a growth stage, venture backed company with deployed products, millions in revenue, and rapid growth. With Finova, we are seeing a more mature, venture backed company using the benefits of tokenization instead of a company at the seed or early start up phase.” Finova Financial Receives Over $100 Million in Venture Capital Finova Financial has raised more than $100 million in private equity and venture capital. Its financial products are designed and deployed right into consumers, with the CEO of the company, Gregory Keough, saying that they will use the ST-20 protocol to demonstrate how growth state companies can come into a deal forming a pathway for future liquidity and raising capital. “We’re very excited to be working with the Polymath team and using the ST-20 protocol to show how growth stage companies can forge a new alternative pathway for raising capital and future liquidity on a licensed ATS exchange through the creation of security tokens.” Gregory Keough is the Founder of JOBS Crypto Offering The CEO of Finova Financial, Gregory Keough, is the man behind JOBS Crypto Offering (JCO), a project, if seen to completion, would give investors a chance to put in their money in equity ownership of privately held firms using cryptocurrency. In a JOBS Crypto Offering, tokens that represent ownership of shares are tracked on a blockchain or distributed ledger. The model of the project has been chosen as the focus initiative for the Institute for Blockchain Innovation, a newly-formed think tank comprising of pioneers in both blockchain-based and traditional financial institutions, along with leaders from government, venture capital, entrepreneurial, regulatory, and corporate backgrounds.
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Polymath Completes Strategic Investment In Finova Financial

Finova Will Be Using the Polymath Platform and ST-20 standard for their planned Security Token Offering Polymath, a blockchain protocol that makes it easy to create security tokens, announced today a strategic investment in Finova Financial, a digital financial services provider transforming the future of global financial services. Polymath joins Jeremy Gardner from Ausum Ventures and many other leading blockchain/crypto pioneers as investors in the Finova Financial private sale. Polymath CEO Trevor Koverko stated, "Finova Financial is a growth stage, venture backed company with deployed products, millions in revenue, and rapid growth. With Finova, we are seeing a more mature, venture backed company using the benefits of tokenization instead of a company at the seed or early start up phase." Finova has raised over $100M in venture capital and private equity and its financial products are built and deployed straight to consumers. Finova CEO Gregory Keough said, "We're very excited to be working with the Polymath team and using the ST-20 protocol to show how growth stage companies can forge a new alternative pathway for raising capital and future liquidity on a licensed ATS exchange through the creation of security tokens." Keough is the creator of JOBS Crypto Offering (JCO), which, if completed, would give investors the opportunity to invest in equity ownership of ...Full story available on Benzinga.com
Benzinga

Blockchain Real Estate Gets Polymath Security Token

Home is where the heart is….and in some cases, that’s a security token on a blockchain. Polymath has teamed up with an investment fund to tokenize real properties, adding to the growing number of asset classes represented by on-blockchain securities.  In a press release earlier this week, Polymath announced a partnership with BlockEstate, a real estate fund that uses predictive analytics to calculate its investment strategies. The partnership will introduce a new security token for real assets: the Block Estate Alpha Token (BEAT), to be issued on the Ethereum blockchain. This represents one of the first instances of a real estate property represented by the ST-20 Security Token protocol, which has legal and regulatory requirements built into the code. Unlike regular Ethereum tokens, security tokens can only be sent to addresses associated with KYC and AML requirements of known, identified investors on the Polymath whitelist.  And, unlike stock or bond exchanges, these tokens are not limited by normal business hours; they also reduce the need for each blockchain company to manage their own KYC. BEAT will be listed on the OpenFinance Network, the first regulated Security Token Exchange to be based in the US, according to the press release. “What BlockEstate is doing is it’s using the blockchain mechanism to allow many more people to participate in the real estate investment world,” said Brad Galbraith, VP of Biltmore Farms and Chief Advisor to BlockEstate, in a statement, adding: What BlockEstate is endeavoring to do, and where I think they’re going to be extremely successful, is broadening that platform for multiple people to participate in a variety of real estate investment arenas, and making it so they won’t be tied to a particular deal structure for getting in and out of those investments, which mitigates risk. Real Estate—Crypto’s Next Step? Real Estate represents one of the newest frontiers for blockchain technology, which is already exploring the world of tokenized stocks and equities.  Polymath isn’t alone; several other companies have developed their own plans to attach property portfolios to blockchain tokens. Several startups, including Brickblock, Treehouse, and BlockSquare have each proposed tokenizing residential properties, although these will use ERC-20 tokens with no special security characteristics.   You can even invest in vacation properties—like part of a luxury hotel in Colorado. The St. Regis Aspen Resort has recently been placed for sale on a blockchain, with tokens issued by IndieGogo. The “Tokenized Asset Offering,” seeks to raise up to $18 million for the 179-room hotel, with investors being paid back with a share of the profits. These are still fairly blunt tools, and the delicate work of investment trading is likely to require more sophisticated instruments. But if crypto gains a foothold in real estate, it will have a lot more territory to explore.    The author has investments in Ethereum.    The post Blockchain Real Estate Gets Polymath Security Token appeared first on Crypto Briefing.
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Monarch Wallet for Blockchain Assets Gets Polymath Support for ST-20 Tokens

Polymath Partners With Monarch Wallet To Add ST-20 Tokens To Its Platform Polymath, a platform for the creation of security tokens and the blockchain asset wallet, Monarch Wallet have entered into a partnership that will see Monarch list as a custody provider on Polymath for ST-20 security tokens. Monarch wallet provides secure fully decentralized cold storage to users for their private keys. Polymath’s POLY tokens join a list of over 1500 ERC20 and ERC223 digital assets that are already supported on Monarch. The partnership will provide issuers of digital assets and holders of assets issued on the Polymath platform safe storage for the assets. Polymath CEO views this partnership as an important catalyst for increased adoption of security tokens through ensuring compliance of regulations and providing its users with great user experiences. This is reiterated by Monarch’s chief executive who views security tokens (STOs) as a unique and effective way of bringing regulatory compliance to the cryptocurrency industry. Monarch will see its offerings expand to include ST20 security tokens alongside the already existing Ethereum based ERC20 and ERC223 tokens. The security tokens reduce trading fees and liquidity for private entities, cut settlement time and enhance transparency, providing a viable alternative to paper share certificates currently used. Monarch is in the process of conducting its own Security Token Offering (STO) backed by silver for a fiat to cryptocurrency exchange platform. The platform will feature a merchant and wallet plug-in that will facilitate payment of recurring monthly bills on the blockchain using the tokens. Asset backed crypto assets have been seen as safer and more stable alternatives to traditional digital assets making them more suitable to users and merchants to facilitate trade. Among the benefits businesses are set to get from the platform is the ability to accept payments in cryptocurrency and receiving them in fiat thanks to Monarch’s internal exchange. Users on the other hand will be able to enjoy free peer to peer transactions and to manage all their subscription and recurring payments from a single platform. The Monarch services will be available through mobile and desktop apps on all major operating systems including iOS, Android and Windows and MacOS. Monarch will also enable its users access best prices for their tokens on both internal and external exchanges and provide them with up to date information through its portfolio tracker and news platform. The platform will be based on reliable blockchain with great scalability and support for dApps. Besides providing an asset backed security, Monarch will also offer holders of its Monarch security tokens an opportunity to earn dividends weekly distributed from 50% of merchant transaction fees. Polymath (POLY) tokens are currently trading at a price of USD 0.166 and a market capitalization of USD 46.8 million and a trade volume of USD 1.8 million. This places it 108th among digital assets. The tokens value has been relatively consistent over the last month although its current value is approaching its lowest for the period.
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Polymath partners with Monarch Wallet to provide storage of security tokens

Polymath, a platform for the creation of security tokens, announced today it will be working with Monarch Wallet, a blockchain asset wallet, to provide custody solutions for ST-20 security tokens. The Monarch Wallet offers... Polymath partners with Monarch Wallet to provide storage of security tokens
CryptoNinjas

Bitcoin, Blockchain and Cryptocurrency News For Today August 29th [VIDEO] Recap

Bitcoin Lightning Network Explained: How BTC LN Crypto Payments Work? Bitcoin Lightning Network Explained: How BTC LN Crypto Payments Work? Sober Network, Sober Economy and Sobercoin Blockchain-Based Addiction Recovery Project Sober Network, Sober Economy and Sobercoin Blockchain-Based Addiction Recovery Project Crypto Traders See Near All Time High in Bitcoin Shorts As $50 Million Closed in Past Few Weeks Crypto Traders See Near All Time High in Bitcoin Shorts As $50 Million Closed in Past Few Weeks John Monarch, CEO of ShipChain, Speaks on Blockchain for Shipping and Freight John Monarch, CEO of ShipChain, Speaks on Blockchain for Shipping and Freight Canada’s George Brown College to Create New Blockchain Development Program Canada’s George Brown College to Create New Blockchain Development Program Polymath and Prime Trust Partner For POLY Coin and ST-20 Security Tokens Custody Polymath and Prime Trust Partner For POLY Coin and ST-20 Security Tokens Custody FX Brokerage Firm's IronFX Crypto Exchange to Go Live in 2018 with More Options for Users FX Brokerage Firm's IronFX Crypto Exchange to Go Live in 2018 with More Options for Users Utile Network and Bancor Protocol Integration Set for September with Liquidity for Tokens Utile Network and Bancor Protocol Integration Set for September with Liquidity for Tokens AnApp IOTW IoT Micro-Mining Software Successfully Syncs to Realtek's Ameba WiFi Chipset Utile Network and Bancor Protocol Integration Set for September with Liquidity for Tokens Sunny Lu, VeChain CEO, Shares Vital VET News and Updates About the Project Sunny Lu, VeChain CEO, Shares News and Updates About the Project CoinDesk's Consensus 2018 Saw Joe Lubin and Jimmy Song Make a ‘dApps' Bet: Where's It At Now? CoinDesk's Consensus 2018 Saw Joe Lubin and Jimmy Song Make a ‘dApps' Bet: Where's It At Now? Top 6 Binary Options Trading Platforms Work Best for Bitcoin Investors Top 6 Binary Options Trading Platforms Work Best for Bitcoin Investors Hong Kong Seeks Global Blockchain Talent With New Immigration Policy Hong Kong Seeks Global Blockchain Talent With New Immigration Policy OKEx Crypto Exchange Applies Serious 5-Day Deadline for New KYC Requirements OKEx Crypto Exchange Applies Serious 5-Day Deadline for New KYC Requirements Russia's GUKON is Considering Unregistered Crypto Operations Criminalization Russia's GUKON is Considering Unregistered Crypto Operations Criminalization Senate Adds Two Key Members To CFTC For Overseeing Bitcoin Futures Trading Senate Adds Two Key Members To CFTC For Overseeing Bitcoin Futures Trading
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Polymath and Prime Trust Partner For POLY Coin and ST-20 Security Tokens Custody

Polymath, a company that provides a decentralized protocol and platform for security tokens, has signed a partnership with the SEC-regulated custodian Prime Trust. In this way, the startup enters the crypto custody market. In a joint statement, the trust company from Nevada will be providing custody services for the Polymath coin (POLY). Moreover, it will try to offer the service for some ST-20 security tokens that have been issued on the Ethereum blockchain. In the past, Prime Trust was offering back-office solutions. In July, it decided to start with its bitcoin storage service, and added support for Ethereum and ERC-20 tokens. Custodians are very important for the market. They hold the assets (both digital and physical), on behalf of its clients. In this way, they can assure them that their funds are completely safe and secure. At the moment, there are several companies beside Prime Trust that are offering infrastructure and crypto custodianship for the management industry. For example, the famous cryptocurrency exchange Coinbase, the Japanese company Nomura, and SIX Group, launched cryptocurrency custodianship for institutional investors. Indeed, wealthy investors in the market are requiring for better infrastructure in order to place their funds in the space. Polymath has very strict rules for investors that want to take part in a security token offering. Indeed, they have to verify that they are accredited investors before trying to invest in these offerings. Igor Denisov, Head of Strategy and Business Development at Polymath, commented on the matter: “We view digital asset custody as a major gating item for institutional investors aiming to deploy capital in digital securities. Prime Trust is breaking new ground as a qualified custodian for security tokens and helping to pave the way for wider adoption of security token offerings.” Scott Purcell, Prime Trust CEO and Chief Trust Officer, has also given his comments about Polymath saying that his company is very excited about the step that Polymath is taking. In this way, it will be possible to comply with current SEC regulations and provide custody solutions to both customers and issuers.
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Polymath’s First Private Security Token Investment is with 7Pass Cannabis Company

Polymath Partnering with Cannabis Investment Company Blockchain technology seems to be permeating into every industry, including cannabis. A blockchain company, Polymath, announced that it will be offering a security token partnership with 7Pass, a “hybrid investment company focused on the emerging global legal cannabis market.” “ 7Pass’s official website states that the platform “provid[es] an investment vehicle spanning a spectrum of emerging investment opportunities in the cannabis sector.” This is a significant move, especially in light of the recent move to legalize recreational and medical cannabis in some states. Industry experts expect that the cannabis industry will become a hundred billion dollar or more marketplace. The growing cannabis market has led to the establishment of cannabis-related cryptocurrencies, such as Potcoin and Budbo. While these cryptocurrencies are a good start, they have yet to make any significant impact on the industry. This may change though, at least as cryptocurrency becomes a way for financial institutions to sidestep the need to work within. In terms of 7Pass, the platform features individuals who have a “history of success building and managing a wide array of businesses in the area of banking, financial services, marketing, and technology.” Polymath’s announcement indicated that it intends to release a security token under a ST-20 standard, which is fully compliant with “know your customer” and “anti-money laundering requirements.” It should also be noted though that the tokens may be accessible only to accredited investors. The limited nature of the token is unsurprising. As Polymath’s CEO Trevor Koverko stated: Polymath is proud to announce that our platform will support the first private security token in partnership with 7Pass. Polymath has always been at the forefront of the security token industry, including spearheading the ST-20 standard and now supporting the first-ever Security Token Offering (“STO”). The partnership with 7Pass on their security token is a substantial milestone for us in our journey to showcase the capabilities of our platform and its potential to improve the security efficiency, auditability, and accountability of the existing securities market. Francisco Turner, 7Pass’s Senior Manager added: Polymath is a clear leader in streamlining the creation of security tokens, and offers a flexible and customizable platform that makes STOs more accessible and less complex for both entrepreneurs and issuers alike. Working with them is allowing us to create our ideal security token for the global legal cannabis sector, thereby opening up a multi-billion dollar market to accredited investors and innovators across the globe. The final question that arises is whether security tokens are actually going to be a thing. At this point, even though the investment opportunity may be limited only to accredited investors, over time, it is expected that the blockchain assets will become commonplace, so much so that they’ll become accessible to common or so-called retail investors. Once this takes place, the adoption of such an investment should increase. As for 7Pass and Polymath, specifically, there is no information as to when they’ll release the tokens on the market. Instead, it seems that they are only in the process of launching the security token through their partnership.
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Best Security Token Issuance Platforms: Top 5 Blockchain Crypto Projects For STOs

If 2017 was the year of utility tokens, 2018 will undoubtedly be remembered for the birth of an entirely new eco-system of platforms, exchanges, and funds, all looking to capitalize on the trillion-dollar opportunity that is tokenized securities. 5 Best Security Token Issuance Platforms Polymath: Polymath is doing a good job with marketing as it seems to be creating lots of buzz around the industry. The actual code and smart contracts on github does not look to be overly complex. They have their own ST-20 token standard for it and also their native smart contracts. Plus, they have industry partnerships with the likes of tZero that will provide the much-needed liquidity for the security tokens launched on Polymath blockchain. They will need first mover advantage and network effect to maintain lead due to low technological barriers to entry. Securitize: Securitize is a blockchain platform that provides an end-to-end platform for issuers that are seeking to tokenize assets. They manage the processing of the solicited investors from login to capital received, as well as the issuance and management of the security tokens throughout the lifetime of the asset. The platform offers brands both the flexibility and robust back-end to manage all types of potential investors in a capital raise by the token issuer. With built-in KYC/AML, accreditation and high security standards including multiple audits for both the platform and the crypto wallets, Securitize is transforming the way funds and capital for companies and assets is raised and managed. Harbor: Harbor is a blockchain platform explicitly designed to launch security tokens and help them comply with the existing regulatory framework. Their first project is the Regulated Token (“R-Token”) Standard, an open-source project that addresses the compliance problem for secondary trading. The R-Token Standard can enforce compliance across any trading platform that supports ERC-20 tokens. While centralized exchanges can enforce regulatory requirements to some degree; once a token leaves that exchange, the issuer is unable to enforce trading rules. It also helps in the transition of traditional asset classes of companies to move to blockchain and hence in their tokenization. Swarm: Swarm is a real-world asset tokenizing platform powered by blockchain. It provides SRC20 protocol, a cryptographic standard for security tokens to tokenize assets. Tokenized objects include real estates, renewables, agriculture, tech companies, crypto hedge funds, etc., that become “assets” that can be easily managed, governed and traded. Swarm is creating a unique market infrastructure built on blockchain technology that enables investing cryptocurrency into real assets and deploying traditional capital into crypto markets in a new way. Swarm is built for: Crypto Investors who want to de-risk their portfolios, Family Offices looking for a more efficient way to invest into crypto and alternatives, and everyday retail investors searching for access to opportunities that were not accessible before. Securrency: Securrency is a blockchain-based financial technology platform that offers asset trading, payment gateways and security frameworks for enterprises. They have a simple drag & drop process for issuance of tokens with a single click. And then for distribution, you can use their RegTex engine which can conduct KYC in 160+ countries, AML on both fiat accounts and cryptocurrency wallets, and source of funds and accredited investor verification. They call themselves blockchain agnosts hence providing the users with APIs and abstraction layer called as Securrency’s flexible InfinXChange to choose a blockchain of their choice. Best Security Token Issuance Platforms Conclusion The listed platforms are like many other blockchain platforms that we have seen so far for launching ICOs but hose are not specifically developed or placed for issuing security tokens. As tokenization is becoming particularly popular amongst more traditional issuers and investors, allured by the benefits of blockchain technology, the future of these platforms and others in security token ecosystem like Templum, tZero and OpenFinane Network looks bright.
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Ethereum HARD FORK 2019? Biggest Challenge in Crypto...

Let's discuss the Constantinople hard fork that is now scheduled for January. Also, I want to discuss the biggest issue the crypto ecosystem faces in the coming years. https://toshitimes.com/trons-ceo-to-rescue-eth-and-eos-developers-as-their-platforms-collapse/ https://news.bitcoin.com/text-enabled-bch-payments-now-available-in-35-countries-with-cointext/ https://toshitimes.com/ethereum-developers-reach-new-agreement-to-launch-constantinople-hard-fork-in-mid-january/ https://blog.coinbase.com/coinbase-continues-to-explore-support-for-new-digital-assets-92ba4ab7f4653 GET FULL ACCESS TO THE ACADEMY: https://christmas.ivanontech.com LET’S MEET IN NEW YORK: https://www.facebook.com/events/452734075131412/ 💰 GET $10 TO BUY YOUR FIRST CRYPTO: https://www.coinbase.com/join/59d1738ff36136022bd9ee10 🏆 BUY PHYSICAL BULLION GOLD: http://www.bullionvaultaffiliate.com/ivanli/en 📈 BEST ALTCOIN EXCHANGE: https://www.binance.com/en?ref=35933746 🔐 BEST WALLET: https://www.ledger.com?r=5a56aa023b40&tracker=IOT Good Morning Crypto 🎓 LEARN SMART CONTRACT PROGRAMMING http://coding.ivanontech.com 🎓 Join my online academy https://academy.ivanontech.com 👬 Join the crypto discussion forum - https://forum.toshitimes.com 📣 Join Telegram channel https://t.me/joinchat/AAAAAE2xJE4l8xhC8MU4cg 🎤 If you would like me to speak at your conference, book me here: https://ivanontech.com #bitcoin #blockchain #ivanontech 👫👭👬Social: LinkedIn: http://linkedin.com/in/ivanliljeqvist/ Instagram: http://instagram.com/ivanontech/ Steemit: https://steemit.com/@ivanli Facebook: http://facebook.com/ivanontech/ Exclusive email list: http://eepurl.com/c0hyc9 DISCLAIMER: This is NOT financial advice. This is just my opinions. I am not responsible for any investment decisions that you choose to make. Ivan on Tech is all about cryptocurrencies and the technology behind Bitcoin, Ethereum, Litecoin, Ripple, IOTA. We also cover Bitcoin price, altcoin price, investing, analytics, different altcoins. Ivan on Tech by Ivan Liljeqvist
Ivan on Tech

Brave Browser Confirmed as HTC Exodus’ Default Web Browsing App

HTC is resolved to win the race for the best blockchain phone on the market. Its commitment to the community seems to be genuine and not only have they bet on accepting payment exclusively in cryptocurrencies to promote their use but also decided to include third-party software that makes use of these technologies. In a tweet published a few hours ago by Mr. Brendan Eich, CEO of Brave Software, he expressed his satisfaction after confirming HTC’s decision to include Brave as the Exodus’ default web browser. We are very happy to have @Brave as default browser & to be working with HTC on their Exodus phone: https://t.co/J5WQrqODKa — BrendanEich (@BrendanEich) December 8, 2018 Brave Browser: Using Basic Attention Token (BAT) To Create a Better Internet Brave Browser uses blockchain technologies to improve the user experience and change the way content providers relate to consumers. The idea is to make browsing faster and more convenient by rewarding not only users for consuming content but also giving them the ability to benefit content creators. “Once you enable Brave Rewards, the Brave browser automatically and anonymously keeps track of sites each user visits. The more times that a user visits a site, the larger the proportion of the user’s monthly contribution is “ear-marked” for that content creator. When contributions for a content creator exceed $100.00 USD, an email is sent to both the webmaster of the site and the registered domain owner from your WHOIS information. The email explains how to verify the ownership of your website with Brave Software.” The token used by Brave Browser is the Basic Attention Token (BAT), a cryptocurrency that has recently gained considerable popularity, especially after the announcement that it has been supported by Coinbase to be traded on its platform. #brave the new browser from @BrendanEich @brave wants to reward users with #cryptocurrencies to see ads and make browsing cleaner and safer #DMT18 pic.twitter.com/eUnPFBjW6W — ralfscharnhorst (@RalfScharnhorst) December 6, 2018 Blockchain-Phones: The New Trend For its part, the HTC Exodus 1 Phone is a phone created by HTC with blockchain technology focused on those users who want to manage their crypto coins from their mobile phone without additional hardware. To do this, HTC developed its own hardware wallet with multi-asset support. The wallet is named Zion and runs on independent hardware embedded into the phone. The main competition of the HTC Exodus, is the Sirin Labs’ Finney Phone, a device that has similar features but runs under a proprietary Operating System developed as an Android fork. The post Brave Browser Confirmed as HTC Exodus’ Default Web Browsing App appeared first on Ethereum World News.
Ethereum World News

Bitcoin Cash on Gemini, Robinhood Hints at TRON - Today's Crypto News

Visit our website: https://altcoinbuzz.io In this video, Mattie talks about Bitcoin Cash being listed on the Gemini exchange and rumours about Robinhood listing Tron. He also gives you the latest from our Community Speaks segment and the eos hackathon winner. This is a daily segment! ----------------------------------------------------------------------------------- CHECK OUT OUR PODCAST: https://bit.ly/2sZCAiF New episode every Monday and Friday! ----------------------------------------------------------------------------------- Check out Altcoin Buzz Ladies! https://www.youtube.com/channel/UCxulvI2C9wUvvDDNS7S35fA/videos ---------------------------------------------------------------------------------- Connect with us on Social Media: Twitter: https://bit.ly/2GDAoCp Facebook: https://bit.ly/2wYksLB Telegram: https://bit.ly/2IAqDuI ---------------------------------------------------------------------------------- Looking for the best cryptocurrency wallets? Check these out: BitLox: https://bit.ly/2rWQnHa CoolWallet S: https://bit.ly/2Liy5bv Trezor: https://bit.ly/2IXrZic Ledger Nano S: https://bit.ly/2IyE3al KeepKey: https://bit.ly/2x5TlhM Read about them here: https://bit.ly/2rTdthZ --------------------------------------------------------------------------------- References: Crypto Exchange Gemini Adds Support for Bitcoin Cash (BCH) Trading and Custody https://altcoinbuzz.io/crypto-exchange-gemini-adds-support-for-bitcoin-cash-bch-trading-and-custody/ Bitcoin Cash Is Now Available on Gemini! https://medium.com/gemini/bitcoin-cash-is-now-available-on-gemini-cc75299d892f Robinhood Hints That It might List TRON https://altcoinbuzz.io/robinhood-hints-that-it-might-list-tron/ Robinhood Tweet https://twitter.com/AskRobinhood/status/1070793190490472448?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1070793190490472448&ref_url=https%3A%2F%2Faltcoinbuzz.io%2Frobinhood-hints-that-it-might-list-tron%2F DERO Introduction – Community Speaks https://altcoinbuzz.io/dero-introduction-community-speaks/ DERO https://dero.io/ EOS Global Hackathon Winner Announced https://altcoinbuzz.io/eos-global-hackathon-winner-announced/ EOS VC Rewards GeneOS with 500,000$ https://coinhooked.com/eos-vc-rewards-geneos-with-500000/ Genomic Project GeneOS Wins Grand Prize of US$500,000 at Block.one EOS Global Hackathon Grand Finale in Cape Town https://block.one/news/geneos-wins-grand-prize-at-eos-global-hackathon-grand-finale/ -------------------------------------------------------------------------------- DISCLAIMER The information discussed on the Altcoin Buzz YouTube, Altcoin Buzz Ladies YouTube, Altcoin Buzz Podcast or other social media channels including but not limited to Twitter, Telegram chats, Instagram, facebook, website etc is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the writer, reviewer or narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
Altcoin Buzz

Mining Company Sues Roger Ver & Group for BCH Hard Fork Price Manipulation

The American company Unitedcorp has filed a lawsuit against "bitcoin cash ABC" supporters. The company accuses the supporters of hiring mining power in order to control the bitcoin cash network. The Bitcoin Cash hard fork that took place several weeks ago resulted in two version of Bitcoin Cash, supported by two opposing parties: the Bitcoin ABC version, which uses the ‘BCH’ ticker symbol; and Bitcoin Cash Satoshi’s Version, which uses the ticker symbol ‘BCHSV.’ The lawsuit claimed that Roger Ver, bitcoin.com, Bitmain, and co-founder Jihan Wu, crypto exchange Kraken and founder Jesse Powell, and Bitcoin ABC developers Amaury Sechet, Shammah Chancellor and Jason Cox centralized bitcoin cash and manipulated the price during its contentious hard fork. Especially by dedicating mining power in theory assigned to mining the bitcoin blockchain to mining what was then referred to as the Bitcoin ABC chain.  After the split, supporters of both sides of bitcoin cash have been “fighting” against each other in order to become the biggest “bitcoin cash”.
BitZamp

Basic Attention Token [BAT]: Brave is now available as the default browser on HTC Exodus phone

In a recent tweet by Brendan Eich, the CEO and Co-Founder of Basic Attention Token [BAT] and Brave, announced that Brave has been made as the default browser on HTC Exodus phones. Tweet by Brendan Eich: “We are very happy to have @Brave as default browser & to be working with HTC on their Exodus phone” In October 2018, Brave introduced the newer version of the browser which is compatible with all Chrome extensions. This version was named as Brave 1.0, which is a desktop browser with 22% faster browsing speed compared to older versions of Brave. During this announcement, the team also mentioned that they were working on multi-core capacity on the browser speed, the performance of the browser on mobile devices etc. Recently, HTC announced Exodus 1 as their first cryptocurrency enabled smartphone. The phone provides a storage solution for cryptocurrencies and gives accessibility to blockchain-based applications. An Android application named Zion, which is separated from the operating system of the phone has the ability to store all the private keys of the users. A Redditor named jajarz says: “HTC is a dying company, but they are going all in on hardware the incorporates future developments like VR, and Crypto. If they pull this off theyll be the next Apple.” Another Redditor named Gromerando says: “HTC phones run on Android, having Brave as default browser will only prevent Google from getting ur browsing habits, only if Google is not the default search engine on the browser So don’t really see the excitement as Google will still be able to track your every move” Brendan Eich, who is also the Founder of JavaScript and the Co-Founder of Mozilla project created both the Brave browser and Basic Attention Token [BAT]. The cryptocurrency BAT is an ERC-20 utility token which is used for all the advertising purchases and revenue on the browser. The post Basic Attention Token [BAT]: Brave is now available as the default browser on HTC Exodus phone appeared first on AMBCrypto.
AMBCrypto
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