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TokenSoft Rolls Out Unique Custody Solution Designed for Security Tokens Specifically

CoinSpeaker TokenSoft Rolls Out Unique Custody Solution Designed for Security Tokens Specifically TokenSoft has helped other companies with custodial issues already in the past, but now the company is focused on the launch of its own wallet, which will enter in beta testing soon. The product will be named Knox in a reference to Fort Knox, where the U. S. Army stores its gold. TokenSoft co-founder Mason Borda said: “It provides the highest level of security when it comes to storing digital securities, which are newer to the market. The digital asset industry’s been comfortable with storing [coins] for the last few years, digital securities are kind of new ground.” He also explained how digital securities differ from cryptos in that they tend to be less decentralized and have built-in restrictions for traders, while digital assets such as Bitcoin suffer from no such restrictions. Further, digital securities can be asset-backed tokens, representing equity, debt or real estate, as some examples. Borda called the Knox wallet “the first custody solution for digital securities,” adding: “I think it’s a key piece of infrastructure that the industry has ignored up until now, and this puts it on the map as a key piece of infrastructure that’s necessary to service digital securities.” In developing Knox with the team, Borda leveraged his pedigree in building institutional grade custody solutions from having worked in the early stages of Goldman-backed BitGo. The Knox wallet can hold any ERC-20, ERC-1404, DS-20 (Securitize), ST-20 (Polymath) or Harbor’s R tokens. It also will support Bitcoin and Ethereum, though Borda emphasized that the focus would remain on digital securities rather than cryptocurrencies. However, such securities can be built on top of the ethereum, stellar, R3 or Hyperledger blockchain platforms. Borda said: “We built Knox for our clients of all types who are launching asset-backed tokens and collectively are planning to place over $1 billion in digital securities on to the blockchain in 2019. As these assets arrive on the blockchain, there should be adequate solutions to secure them.” Incorporating Three Levels of Security Knox incorporates three levels of security: offline cold storage, role-based access control, and cryptographic authentication. They said they are expecting a number of types of enterprises to use Knox Wallet, including exchanges that could use it to manage and administer assets trading on their platform. Knox further bolsters TokenSoft’s security-first software support for digital assets, giving issuers an enterprise grade tool for managing their securities and cryptocurrencies. Through TokenSoft’s platform, issuers can take actions, such as reducing the number of outstanding shares (or tokens), increasing the number of shares outstanding, or creating a separate class of shares. Moreover, since it’s an enterprise grade tool, it also gives users the capability to take actions, such as reducing the number of outstanding shares (or tokens), increasing the number of shares outstanding, or creating a separate class of shares. Along with the Beta version announcement, the company invites those who are interested for a demo to signup. The product itself is currently undergoing a testing phase and will be available in full version on the first quarter 2019. Two weeks ago, Borda in his blog post has expressed optimism that 2019 just may be the year security tokens begin to form a significant sector of the blockchain space. He wrote: “We’ve seen a variety of sources predict that security tokens will represent 10% of GDP by 2024 (which equates roughly to $8 trillion). Those involved in the space certainly experienced the slowdown in the 2nd half of 2018… Many jumped into blockchain projects without the understanding of whether their blockchain-based instruments were securities, which would require adherence to securities regulations.” Just for a reminder, in December last year, then newly launched TokenSoft Global Markets LLC. said that as a result of the deal, they will enable issuers to choose whether to host a token sale themselves or work with a broker-dealer to manage the token sale on their behalf. * We’ve created most comprehensive guide, which will help you figure out what STO is, how it works, and what’s hidden behind this industry’s disrupter. Enjoy! Also, you can check the latest Security Token Offerings (STOs) in Coinspeaker’s STO Calendar. TokenSoft Rolls Out Unique Custody Solution Designed for Security Tokens Specifically
Coinspeaker

TokenSoft announces ‘Knox Wallet’ – A Mobile Custody Solution for Security Tokens

AnnouncementTokenSoft has been off to the races in 2019. Today, the ambitious company announced the beta-launch of their newest service – a mobile custody solution for digital assets, including digital securities. This service is known as the ‘Knox Wallet’. It should be noted that this is a beta-launch.This custody solution comes on the heels of another recent custody announcement by TokenSoft, which will see them refer Coinbase as a third-party custody solution to their clients.Knox WalletThe wallet represents one of the first mobile, cold-storage solutions for securing digital securities. Much of the draw towards digital securities is security.  As a result, it should come as no surprise that this played a key role in product development.The Knox Wallet supports various levels of securityOffline Cold StorageStore keys offline, away from damaging malwareRole-based Access ControlMultiple levels of verification needed to approve transactionsCryptographic AuthenticationAccess restriction through encrypted authenticationsThe role of this wallet is quite complimentary to other services offered by TokenSoft. As the company offers end-to-end solutions for clients wishing to tokenize, TokenSoft can now offer these same clients a sound custody solution.With this development, TokenSoft has the ability to sell, issue, manage, and now store digital securities. This is all while utilizing their very own token protocol, ERC-1404. The wallet also supports other security token standards.  For example, these include Harbor R-Token, Securitize DS-20, Polymath ST-20, and more.For more detailed information on the Knox Wallet, make sure to read the TokenSoft Knox Wallet FAQ.CommentaryTokenSoft CEO, Mason Borda, commented on the release of the Knox Wallet. He stated the following,“As real-world assets enter the blockchain world, it’s important to protect them with the same level of security we treat traditional digital assets…We see this of critical importance given that almost $1 billion of cryptocurrency was stolen by hackers in the first three quarters of 2018 alone.”TokenSoftBased out of San Francisco, California, TokenSoft finds itself as a leader within the digital security sector. Catering to customers like Andra Capital, Hedara HashGraph, and more, TokenSoft specializes in blockchain solutions. Above all, they provide customers with the platform and services needed to issue and manage digital securities.Company operations are overseen by CEO, Mason Borda. At TokenSoft, he has effectively used experienced gained at other blockchain companies such as BitGo, to create the promising company being discussed here today.In Other NewsIn past months, we have detailed TokenSoft a variety of times. While the company has shown no signs of slowing down in the future, here is a look at a few of the articles we’ve written in the past:TokenSoft Global Markets adds Coinbase Custody, expanding Security Token servicesTokenSoft Extends Reach with ‘Global Markets’ERC-1404 : TokenSoft Launches New Security Token StandardThe post TokenSoft announces ‘Knox Wallet’ – A Mobile Custody Solution for Security Tokens appeared first on Securities.io.
Securities.io

The Growing World of Security Token Protocols

The Growing World of Security Token Protocols Security tokens are one of the fastest growing sectors in the cryptomarket. These tokens allow companies to remain government compliant and utilize blockchain technology to enable more secure business transactions. As the security token market expands, more security token protocols become available to the public. The Right Token for the Job Security tokens contain regulatory protocol directly within their coding. This self-contained script is perfect for use in tokenization scenarios. When a token represents ownership rights to a piece of property, revenue sharing, security or other regulated item, security tokens are the only option. Security token adoption increased significantly in the last few months. Currently, Security tokens make up around 6.54 percent of the total crypto market according to a recent study provided by Hashgard. Service tokens account for the largest percentage of the market at 49.05 percent, followed by utility tokens (25.3%), and hybrid tokens (12.47%). Another report published by ICORating showed that STO growth climbed 1.66 percent during Q3 2018. At the same time, utility token issuance decreased by 10 percent.  More Options Security token protocols come in a lot of different styles nowadays and depending on the functionality of the security token in question, certain protocols are better suited to handle the tasks. Consequently, this need for function-specific security tokens ushered in a wave of new security token protocols.   ST-20 Polymath’s ST-20 protocol was one of the first security token standards to enter the market. The token features integrated KYC (Know Your Customer) and AML (Anti-MoneyLaundering) mechanisms. Polymath users can issue customized security tokens directly through the platform using the simplistic interface. What makes the ST-20 unique is that the token is issued on Polymaths custom built blockchain. The token is hugely popular as Polymath is one of the largest security token launch platforms available to the public. The company was the first firm to launch a global security token conference. As an early entry to the security token race, Polymath wanted to take all the regulatory shortcomings of the ERC-20 protocol and give companies a more secure alternative. The firm succeeded in creating a widely used security token standard. SFT (Secured Financial Transaction Protocol) The SFT protocol entered the market on November 28, 2018. This security token protocol uses Solidity. Solidity is a programming language used by Ethereum developers. SFT tokens live on the Ethereum blockchain. This protocol features many of the robust and modular features found in the popular ERC-20 protocol such as easy smart contract programming.SFT tokens enable the tokenization of debt and equity-based securities. German-based Hyperlink Capital entered the market on July 1, 2018. The development team created the SFT protocol for their digital securities platform which is intended to expand adoption of blockchain-based capital markets. The company has a history of activity in the blockchain space. Recently, Hyperlink Capital’s focus is on tokenized securities. ERC-1450 News of the ERC-1450 protocol entered the market in November 2018 via a medium post by StartEngineFounder Howard Marks. This protocol was developed for creating digital stock certificates. The company behind the protocol, StartEngine Secure, seeks to offer entrepreneurs democratized access to funding. StartEngine Secure entered the blockchain sector in2012 shortly after the signing into law of the Jumpstart Our Business StartupsAct which was an effort to provide access to more capital for startups. The platform features full transparency and a registered transfer agent updates ownership details in accordance with securities laws. The data is published via the Ethereum blockchain. CAT-20 / CAT – 721 The CAT-20 and CAT-721 protocols are the world’s first multi-ledger security tokens. These tokens can be transferred across blockchains including Ethereum, Ripple, EoS, GoChain, and Stellar. Tokens issued on CAT-20 and CAT-721 protocols support Securrency‘s full suite of token issuance tools. Washington-based Securrency entered the market in2015. The Securrency platform features an automated source of funds verification system and an easy to learn user interface. Additionally, the company behind the protocol, Securrency, employs a Service and Rules engine which maintains compliance across secondary market trading. DS Protocol The DS protocol is an open-source development infrastructure designed around the needs of the security token industry. TheDS Protocol is open-source and designed to support third-party applications. Tokens issued on this protocol reside on the Ethereum blockchain. Securitize issued the DS Protocol on Jun 5th, 2018 via a press release. DS includes integrated compliance and registry services. Also, token holders receive regular updates about relevant events via their tokens. The DSProtocol focuses on creating more liquidity within the security token arena. R-Token The R-token standard entered the market on February 6th, 2018. R-tokens are ERC-20 tokens with built-in regulatory smart contracts. The regulatory services of these tokens configure to meet the needs of the issuer. The R-token standard features integrated KYC, AML, and taxation services. Harbor developed the R-token protocol for use within their popular token issuance platform. In April 2018 Harbor successfully raised $28 million to further development into their tokenized securities platform.  SRC20 The SRC20 protocol allows users to tokenize any item. The protocol is a cryptographic standard with integrated governance. Users can tokenize securities, buildings, farms, businesses, hedge funds, and even ownership in development projects. The flexibility of the SRC20 token is its strong point. SRC20 operates on the SWARM platform. The SWARM platform incentivizes users for their positive contributions. The platform learns from your fundraising campaigns and uses the data to facilitate a more user-friendly experience every time you start a new campaign. tZERO The tZERO protocol integrates the benefits of blockchain technology into the existing market systems. ThetZERO platform will one day facilitate both the issuances and easy trading of security tokens. The developers seek to create the first national securities exchange specifically designed for security tokens. tZERO is the direct result of a strategic partnership with BOX Digital Markets. Earlier in the year tZERO filed an SEC form D. Form D is required by companies that seek to issue securities. IF the form is approved, tZERO would be the first SEC regulated security token issuance/trading platform in the cryptospace. More Security Token Protocols on the Horizon The Security token sector is just heating up and you can expect many more entries into the market as the year wraps up. Companies want the benefits of blockchain technology and security tokens provide these features without worry. It will be interesting to see how each of these protocols fair in the coming months as the market’s competition increases. The post The Growing World of Security Token Protocols appeared first on Securities.io.
Securities.io

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.
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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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Billionaire Elon Musk Lauds Bitcoin As “Quite Brilliant,” Why Isn’t Tesla Going Crypto?

While Elon Musk has yet to formally delve into the Bitcoin space, he has long been a fabled member of the crypto community. Since finding his way to the headlines of the world’s media, the Tesla chief executive’s pro-innovation mindset has struck a chord with many enamored with cryptocurrencies. In fact, some say that Musk’s unsaid raison d’etre of bettering society at large, especially by amending the world’s most harrowing issues (climate change, confinement on Earth, financial inequality), lines up with the goals held by many cryptocurrency insiders. Thus, some have even argued that Musk could be Satoshi Nakamoto. Sahil Gupta, a former intern at Musk’s second multi-billion dollar enterprise SpaceX, once infamously claimed that Musk’s brief mentionings of cryptography, economics, the C++ computing language, along with the entrepreneur overarching vision scream Satoshi. The South African-Canadian entrepreneur has done his best to keep his mouth zipped regarding his candidacy for the Satoshi title, but that hasn’t stopped him from talking about cryptocurrencies. We had @elonmusk on the latest episode of @ARKInvest's podcast! He had a few things to say about Bitcoin. "Paper money is going away and cryptocurrency is a far better way to transfer value than pieces of paper." – Elon Muskhttps://t.co/U5qOnM7nBo — Yassine Elmandjra (@yassineARK) February 19, 2019 Bitcoin Is “Quite Brilliant” While the crypto market has remained in a depressed state, save for Monday’s jaw-dropping rally, stars have begun to descend on this industry. Weeks ago, NewsBTC reported that a mass of celebrities, including the Spice Girl’s Mel B, Johnny Depp, Madonna, and Lionel Messi, had some involvement in cryptocurrency. More recently, Jack Dorsey of both Twitter and Square took to Joe Rogan to claim that the native currency of the Internet is likely to be Bitcoin. Related Reading: Twitter CEO Loves Lightning on Bitcoin: is it the Future of Fast, Instant Payments? And just on Tuesday, Elon Musk, the most well-known Silicon Valley guru, took to the New York-based ARK Invest’s “FYI” Podcast to touch on Tesla’s plans, autonomy, other innovations, such as crypto. Per The Block, who compiled his comments regarding cryptocurrencies, Musk made his comments with explicitly bullish tones. After discussing Tesla’s most recent advancements, the hosts of the podcast, the CEO and an analyst at ARK, a disruptive innovation-centric investment group, took a brief aside. They asked Musk if he agrees with Dorsey’s recent comments on Bitcoin and cryptocurrencies at large. Interestingly, Musk responded with an answer, albeit somewhat cursory. He tacitly agreed, noting that the “Bitcoin structure was (is) quite brilliant,” adding that Ethereum and “maybe some of the others” have merit too. Musk did admit that he isn’t too enamored with Bitcoin’s Proof of Work (PoW) consensus mechanism, noting that it is energy intensive. Yet, he explained that fundamentally, crypto assets are great as they bypass currency controls, especially in nations embroiled in financial and political turmoil, like Venezuela. He added that cryptocurrencies are also a “far better way to transfer value than pieces of paper,” subsequently quipping that he’s sure of this “without a doubt.” In spite of all this, he made it clear that Tesla isn’t going to foray into the crypto space in any capacity, noting that it would be a good use of his firm’s resources to prop up an offering. Musk’s abrash comments quickly elicited responses from each and every corner of the crypto space. Matt Odell, a long-time pro-Bitcoin coder and industry personality, joked that the comments “confirmed” his bias that cryptocurrencies could oust banknotes. Changpeng “CZ” Zhao of Binance noted that eventually, “[Musk] will join the brotherhood,” adding that he is unequivocally sure that the businessman will take up a crypto mantle. CZ notably called on the Tesla founder to take up the Lightning Network Trust Chain torch last week, just days after Twitter’s Dorsey openly lauded Bitcoin in dozens of tweets. Crypto Is Better Than Banknotes? While Musk made notable acknowledgments in his brief appearance on ARK’s “FYI,” what stood out to many crypto investors was his thoughts on the dichotomy between banknotes & physical cash, and crypto assets, not centralized e-money. For a brief recap, Musk simply stated that he is unequivocally sure that crypto, whether it be Bitcoin, Ethereum, or otherwise, is a “far better” medium of exchange than pieces of paper. Shocking, right? This may be deemed hearsay by pundits of the legacy world, but the world is already adopting digital mediums of exchange. Per previous reports from this outlet, Arthur Hayes of BitMEX took to his company blog to claim that platforms like WeChat Pay and AliPay have already begun to take over China’s financial system. Who’s to say that cryptocurrencies, a decentralized counterpart to these systems that tout their own currencies, cannot have a similar impact on society at large. The fact of the matter is that these digital payments systems, whether decentralized or centralized, offer benefits that cash/plastic cannot. Case in point, payments on both Bitcoin and WeChat Pay are cheap, rapid, and relatively secure. But arguably, decentralized payment ecosystems, which are non-sovereign, private, immutable, and non-censorable, are even better than their centralized peers, which is likely what Musk was touching on. Featured Image from Shutterstock Billionaire Elon Musk Lauds Bitcoin As “Quite Brilliant,” Why Isn’t Tesla Going Crypto? was last modified: February 20th, 2019 by Nick ChongThe post Billionaire Elon Musk Lauds Bitcoin As “Quite Brilliant,” Why Isn’t Tesla Going Crypto? appeared first on NewsBTC.
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In the Daily: Elon Musk Talks Bitcoin, Shanghai’s Fudan University, Xdat Exchange

In this edition of The Daily we cover some largely supportive remarks the famous entrepreneur Elon Musk has made about Bitcoin, the latest academic institution to launch a blockchain R&D center, and a new offering from Malta-based exchange Xdat. Also Read: Bank of Spain Report: Bitcoin Is a Solution for a System Without Censorship Elon Musk Talks Bitcoin The founder of Tesla and Spacex, Elon Musk, is once again making headlines about crypto. He recently went on the Ark Invest podcast to discuss the future of autonomous driving technologies. Most of the half-hour interview focused on the strategy behind his electric car company but the topic of cryptocurrency eventually popped up in the last four minutes. Musk commented: “I think the Bitcoin structure is quite brilliant. There seems like there is some merit to Ethereum as well, and obviously others. But I’m not sure if it’s a good use of Tesla resources to get involved in cryptos … We’re really just trying to accelerate the advances of sustainable energy. One downside of Bitcoin is … computationally it’s quite energy intensive. There has to be some kind of constraint on the creation of crypto. It’s very energy intensive to create the incremental bitcoin at this point … It bypasses currency controls. Paper money is going away, and crypto is a far better way to transfer value than pieces of paper. That’s for sure.” Shanghai’s Fudan University Launches Research Center Shanghai’s Fudan University has become the latest academic institution to launch a blockchain R&D center. Founded in 1905, Fudan is one of the most prestigious and selective schools for higher learning in China. The Shanghai Blockchain Engineering Technology Research Center is tasked with carrying out basic research in the field, developing demo applications in collaboration with the broader industry, and training talent to serve Shanghai’s economic development. Last month the University of California, Berkeley announced the formation of its own blockchain-focused startup accelerator program, the Berkeley Blockchain Xcelerator. This program is meant to help aspiring entrepreneurs create high-value ventures in the blockchain space with industry guidance from Silicon Valley. Xdat Exchange Lists 18 Trading Pairs Xdat, a new Malta-based cryptocurrency trading exchange, has announced the listing of 18 trading pairs. These comprise ETH/BTC, BCH/BTC, EOS/BTC, ETC/BTC, XRP/BTC, DASH/BTC, LTC/BTC, BTC/ETH, BCH/ETH, EOS/ETH, ETC/ETH, XRP/ETH, DASH/ETH, LTC/ETH, BTC/TUSD, ETH/TUSD, BTC/EURO, and ETH/EURO. The company has further plans to add other pairs over time. The exchange is compliant with Maltese regulations for KYC and AML procedures and caters to both retail and institutional investors. Its fiat gateway allows users to deposit funds in 12 major currencies: USD, GBP, JPY, HKD, CHF, AUD, NOK, SEK, DKK, CZK, PLN, and HUF. This selection is meant to eliminate the need for involvement of a foreign bank for the supported options and allows users to work solely with Xdat’s bank. “Xdat is on a mission to address the key problems of existing exchanges … including lack of flow of new capital, lack of trust, no approach for mass adoption, and high fragmentation,” said CEO Prashanth Swaminathan. “Our aim is to bring crypto to all. To that end, we will be working closely with our community and using their support and feedback to make our interface more user-friendly and trading as streamlined as possible.” What do you think about today’s news tidbits? Share your thoughts in the comments section below. Images courtesy of Shutterstock. Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com. The post In the Daily: Elon Musk Talks Bitcoin, Shanghai’s Fudan University, Xdat Exchange appeared first on Bitcoin News.
Bitcoin News

Elon Musk Praises 'Brilliance' Of Bitcoin And Ethereum, But Clash With Tesla's Energy Stance

Main Street seems to be giving cryptocurrency a second look. Last week, Jamie Dimon and JPMorgan Chase & Co. (NYSE: JPM) announced an investment in JPM Coin, which will become the first digital token provided by a U.S. bank. This week, Tesla Inc (NASDAQ: TSLA) CEO Elon Musk lent cryptocurrency additional validation. “Paper money is going away, and crypto is a far better way to transfer value than pieces ...Full story available on Benzinga.com
Benzinga

Elon Musk Calls Bitcoin "Brilliant" | Here's Why He's Optimistic

What are your thoughts on this news? Are you optimistic or bearish? Feel free to leave a comment below! Thank you all so much for watching the video. If you enjoyed the video, please consider dropping a like and subscribing. Running into some trouble or questions? Feel free to leave them down in the comments below! ---------------------------------------------------------------------------------------------------------- Check out Yellow: https://www.youtube.com/channel/UC2u2FXKKyIFsNBr_MlpCMfA Interested in signing up for our newsletter? Click the link below! Link: https://www.nicholasmerten.com/newsletter-dash-report-1/ Looking to file your crypto taxes? Check out TaxBit! https://app.taxbit.com/invite/DataDash/ ---------------------------------------------------------------------------------------------------------- What are your thoughts on current markets? Are you optimistic or bearish? Feel free to leave a comment below! Thank you all so much for watching the video. If you enjoyed the video, please consider dropping a like and subscribing. Running into some trouble or questions? Feel free to leave them down in the comments below! *I WILL NEVER PURSUE PROJECTS THROUGH TELEGRAM OR OTHER SOCIAL MEDIA OUTLETS. CONTACT MY EMAIL LISTED BELOW FIRST AND THEN VERIFY MY IDENTITY THROUGH A VIDEO CALL BEFORE MOVING FORWARD. THERE ARE MANY SCAMMERS IN CRYPTO. EMAIL SPOOFING IS RAMPANT, SO VERIFY MY IDENTITY THROUGH VIDEO* For consulting, speaking, or other business inquiries, please feel free to reach me at contactdatadash@gmail.com Patreon: http://patreon.com/data_dash Telegram: Alerts | https://t.me/Data_Dash Discussion | https://t.me/datadash Discord: https://discord.gg/S7MtTcB Donate NANO: xrb_3y7qi1z5kcpgi9cnk4bctus155qntiy1cszfmeh9zg7eqqqjb9imebsqf33t BTC: 14DHXJa9CgeBPf6m7UeMKE9yzAYFKPW2nV ETH: 0xa34d3461ae04953489e9aa464689c022836751d0 Want to start trading cryptocurrencies? Sign up through this link to get $10 of free bitcoin with your first purchase of over $100 ↓↓↓ https://goo.gl/woCYL6 Want to start trading coins? My top choice is Binance. ↓↓↓ https://goo.gl/DZVYPn Want to trade OTC? Caleb & Brown is my personal favorite to get started. https://partners.calebandbrown.com/datadash Looking to buy physical gold or silver? Check out the link below: https://goldsilver.com/?aff=DD Disclaimer: Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities.
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