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Security Token Offering. A type of fundraising via distributing tokens that act like equities and securities.

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Blue Hill Foundation Launching Pre-STO with Preferential Price

This May – August, the Blue Hill Foundation is launching a Pre-STO with a preferential price for early participants to reserve their programmable ownership stake in the Blue Hill Mining operation. The Blue Hill Mine is a huge area in Mongolia which is forecasted to have one of the largest copper reserves in all of Asia, as well as substantial volumes of nickel, cobalt, and gold. What’s more, these valuable metals have been found by searching just 10% of the mining compound’s total surface area. The remaining 90% is currently being explored, with more resources including tungsten, yttrium, and ytterbium already being discovered there. After 8 years of geological planning, the Blue Hill Mining company is entering the next phase of their project. In the coming years, the company intends to prove their reserves up to international standards in order to place the mine on the Toronto Stock Market. Ordinarily, an investment opportunity like Blue Hill would be reserved for private investors until their IPO. However, Blue Hill Mining recognized that they could use blockchain technology to give them a competitive advantage in the mining market and to democratize their fundraising process through a fully Swiss regulated STO (Security Token Offering). Blue Hill Mining will also implement blockchain technology in their Blue Hill Platform to improve efficiency, transparency, and fair trade in the mining industry. The benefits of doing so include: Accurate data-logging of ownership, quantity, logistics, storage, sales, and international trade for all of the resources mined on the compound Enabling multinational companies to verify that they are dealing with certified, ethically sourced raw materials and concentrates Peer-to-peer exchanges that save money for mining companies, smelters, logistic companies, banks, and multinationals by cutting out the middleman Enhancing liquidity of the Blue Hill Mining ownership stakes through tokenization, making them easily tradable on secondary markets. Opening the door to the global investment market B.H.Mining owns 30% of the mine as well as the B.H.Platform, which they will tokenize with the BHM-Token STO. However, that’s coming later. First, the Blue Hill Foundation – which owns 24% of the Blue Hill Mine – will offer a Pre-STO for investors to get early access (and better prices) to this investment opportunity. The B.H.Foundation will be selling BHF-Tokens, which will later be redeemable 1-for-1 with BHM-Tokens following the BHM STO launch. The Pre-STO is open to unqualified and qualified investors, with 3 price options depending on the size of the investment. These tokens are backed by the value and co-ownership of the B.H. Mine (concession number 14307x & 14308x), giving them intrinsic value and great potential upside as the mining operation becomes profitable in the years ahead. Blue Hill’s team and world-class advisors are targeting a ROI of up to 3,340% based on the potential of the mine and the STO prices. In fact, their long-term plan is to initiate a token buyback program when the BHM-Token market value hits $30 a piece so that they can offer those ownership stakes as equity on the Toronto Stock Exchange. To take advantage of the best token prices while they are still available, visit https://bluehillfoundation.com/. Disclosure: This is a sponsored post The post Blue Hill Foundation Launching Pre-STO with Preferential Price appeared first on NullTX.
NullTX

Blockpass to provide blockchain ID service for Polymath STO platform

Blockpass to provide blockchain ID service for Polymath STO platform - CryptoNinjas Security token platform Polymath today announced a strategic collaboration with digital identity verification solution Blockpass, to provide clients of the platform streamlined identity verification, simplifying user onboarding and decreasing required resources in the process. Polymath is a decentralized platform that makes it easy to create and manage security tokens. In addition to providing the technology […] Blockpass to provide blockchain ID service for Polymath STO platform - CryptoNinjas
CryptoNinjas

Raising Capital via STO? Here’s What You Really Need to Know!

Photo by Sean Pollock on UnsplashThe Fintech revolution in recent years has resulted in a significant rise in the popularity of and demand for Decentralized Finance. However, the supply-side has not managed to stay abreast, though not for want of trying; case in point, the less than stellar performance of most of the Initial Coin Offerings (ICOs) between late 2017 and early 2018. This anti-climactic show, coupled with tighter legal and regulatory requirements, created a void of sorts, which has now been filled by a new kid on the block — the Security Token Offering, or STO in short, and the last few quarters have been quite promising!ICOs offer digital tokens that are meant to be used for specific utilitarian purposes and do not offer investment rights, ownership, or a stake in the company. However, unlike ICOs, STOs are regulated offerings that provide investors with blockchain-based, smart-contract powered investment rights in underlying assets such as stocks, bonds, funds, works-of art, real estate, etc. Essentially, any asset that is likely to generate positive returns in the future, can be tokenised and fractional ownership in the same can be offered to investors by the company owning the asset. In addition to being asset-backed, STOs are required to comply with relevant regulatory frameworks and security laws, thus provisioning all the essential safety features of traditional IPOs, while still providing the flexibility offered by new technologies and decentralized finance.While this hybridization between IPOs and ICOs results in greater flexibility and safety for the consumers, for businesses looking to issue STOs in lieu of ICOs, it has resulted in increased red tape and has limited the avenues for liquidity and funding. Not only do such businesses now need to ensure that they are compliant with the relevant securities laws in their particular jurisdiction, but they are also restricted to raise capital from investors who have undergone certain accreditation themselves. However, it is still considerably cheaper to raise capital via an STO than via a traditional IPO, making it particularly accessible and interesting for small businesses and early-stage startups with modest growth forecasts and business interests across multiple markets around the globe, who otherwise had no alternatives beyond the traditional Venture Capital & Private Equity world.That said, while entrepreneurs and investors around the world are warming up to the idea of an STO, an overwhelming majority of the governments have still not fully legalized the model yet. For example, though the US government allows companies to offer investment opportunities to US citizens, the offering company is required to be compliant with SEC regulations as laid out under Regulation D, A+, or S.Regulation D requires that the offer be compliant with Section 506C, which means that the company cannot publish advertisements in newspapers, magazines, public websites, television, radio, etc., nor can the company conduct public seminars to solicit investment.Regulation A+ provides exemption from “general solicitation” clause for investment up to $50 million, but is way too time-consuming and expensive.Regulation S necessitates that the company not be listed in the US, thus making it impossible for local businesses to seek exemption from “general solicitation” clause under this regulation.This dilemma of having to choose between a very limited base of accredited investors and spending a lot of time, effort, and resources seeking an exemption has largely alienated businesses and forced them to look for alternatives outside of the US. Other countries have seized this opportunity and have adopted an STO-friendly stance, but these jurisdictions are only a handful. Chief among them are Switzerland, Germany, Malta, Estonia, Lithuania, Malaysia, Mauritius, Hong Kong, Singapore and Canada. While each one of these countries has established some kind of a legal framework for STO’s, so far Malta appears to be the most STO-friendly.Photo by Chris Liverani on UnsplashIn terms of exchanges, the traditional stock exchanges and a large majority of the crypto-exchanges are still not equipped to handle STOs, but there are others that have surfaced over the last year or so, which are designed specifically for STOs — Polymath, tZero, Harbor, Securitize, and STO Global-X to name a few.Having said that, even among these, there are still very few which actually offer secondary trading facilities for the issued security tokens. STO-Global -X is probably the only institutional-grade, compliant and secure STO platform that offers both primary digital asset issuance as well as secondary trading for the issued security tokens, and they have done well to collaborate and extend their secondary trading platform for security tokens issued on other platforms like GSX, Polymath and Securitize. This kind of cross-collaboration is the need of the hour and will go a long way in creating and enabling a robust and liquid market for Security Tokens.All this however does not imply that IPOs are on a decline and are not relevant anymore! In-fact, 2017 saw ICOs and STOs raising a combined total of approximately $5.6 billion in capital investment, whereas IPOs raised more than $36 billion in the US alone.While ICOs and STOs offer a new, viable and promising alternative for businesses looking to raise capital, they are not designed or evolved enough (yet) to be applicable across-the-board for businesses of all sizes and shapes, who are at various stages in their growth cycle. It is more important, now more than ever, for startups as well as established businesses to select the right instrument for raising capital; one that aligns well with their vision, market, business model, and stage of idea execution.Want to know more? Do visit www.blockchainworx.com or write to us at info@blockchainworx.comhttps://medium.com/media/3c851dac986ab6dbb2d1aaa91205a8eb/hrefRaising Capital via STO? Here’s What You Really Need to Know! was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.
Hackernoon

Stellerro is set to issue tokenized equity through Spanish-regulated Security Token Offering (STO); Public sale opens June 17th

TEL AVIV, Israel, June 17th, 2019– Stellerro, an alternative investment banking platform, automated, in-scale, determined to bring liquidity to the digital era will launch its STO on Monday, June 17th, 2019 at noon ET. Stellerro, a Spanish-Israeli based alternative investment banking platform is pleased to announce the launch of its new Security Token Offering public sale. Self-founded in mid-2018 by an experienced group of entrepreneurs from the Israeli capital markets & fintech industries, all are Blockchain veterans: Aviad Gindi – CEO, Dror Medalion – GM, Elad Kofman -CSO, Noam Barnea -CTO & Liron Rose – Advisory lead. Stellerro was created to assist asset owners, funds, entrepreneurs & startups in taking part in an alternative method of fundraising. Stellerro believes that as the blockchain ecosystem matures, digital offerings will become easier to access and invest in. The ever-advancing secured technology, transparent approach, the inclusion of new financial titans and a strong blockchain congregation are all unified to create the most important thing Investors seek for — Liquidation & Tradability. Stellerro’s funding goal is €5 Million which it plans to utilize for R&D and business development expansion. The company is expected to generate revenue for investors starting Q4 2019, based on its financial projections. The public offering starts on June 17th, 2019 and will last for 2 months until August 16th, 2019. STRO tokens will grant the investors economic rights and dividend from the firm quarterly revenues. To ensure a fully regulated environment, investors will go through KYC & AML procedures in order to acquire STRO security tokens.  Join the public sale today at www.stellerro.com or contact the team for any inquiry at: info@stellerro.com.   Stay tuned for more: Site · Facebook · Twitter · Linkedin · Instagram · Reddit · Telegram The post Stellerro is set to issue tokenized equity through Spanish-regulated Security Token Offering (STO); Public sale opens June 17th appeared first on ZyCrypto.
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STO news by Finrazor

ESSENTIAL

A Security Token Offering (STO) is a form of raising capital for a startup by distributing tokens to investors. While ICOs mainly deal in utility tokens that grant their holders access to services and products associated with respective blockchains and dapps, security tokens can be thought of as digital documents representing the investor’s rights to equity, a revenue share, debt, etc. STOs provide a better investor protection as they need to be compliant with appropriate regulations

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DIGEST

Lithuania seeks becoming hub for security tokens, Thailand needs more crypto regulation, 'buy Petro before 2019' incentive, cease and desist order against 4 more ICOs, Bahama released discussion paper, British FCS warns against AsicTrader, VersaBank completes VersaVault, BBVA settles $170M loan over blockchain, fake news of ban upliftment in China, Thailand SEC to authorize the first ICO portal, Malaysia to use e-Scroll for degree certification, France considers lowering taxes on bitcoin gains

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OPINION

STO versus ICO: Not Just a Token Type But a Mindset

There are different ways of fundraising: venture capital, crowdfunding, ICO, IEO, STO with certain pros and cons. Finrazor and Monetizr, a project that preferred the STO campaign to an ICO, suggest to dive in the 'security token offering' concept and have a closer look at its features

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OPINION

What Is the Future of Stocks?

Brian Armstrong, Coinbase CEO, thinks that in five years one billion people will be using crypto. Also, he claims that in the near future Coinbase could list hundreds of tokens, or even millions in the more distant future, with proper regulations.

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OPINION

Ways of Raising Capital for Startup

There are many ways of raising capital for your startup. You must consider all options and choose the one that best suits your particular venture. Here we provide an overview of seven common ways of funding to help you weigh the pros and cons of each source and make an informed decision.

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Cryptocurrency influencers react to Facebook’s Libra, boon or risk for Bitcoin?

Some of the most prominent figures in the crypto community took to Twitter to share their thoughts on Facebook’s Libra cryptocurrency. While some claim that Libra lacks the necessary features to compete with Bitcoin in the race to become the world’s currency, others argue that it could destroy most altcoins and stablecoins in the market. 2/ Libra's mission is to enable a simple global currency and financial infrastructure that empowers billions of people. — David Marcus (@davidmarcus) June 18, 2019 Facebook’s Libra Facebook’s highly anticipated cryptocurrency was finally unveiled. “[It] is a new global cryptocurrency, built on an open-source blockchain called the Libra Blockchain featuring its own proof-of-stake protocol,” said the whitepaper. The term “global cryptocurrency” comes from the fact that it nodes will be distributed across the globe and it is not pegged to a single fiat currency, according to the documents. Instead, it will be backed by different real-world assets denominated in the American dollar, British pound, Japanese yen, and the euro and other low-risk securities. The Libra Association, a Switzerland-based non-profit, will release the Libra blockchain in 2020 with a group of 28 founding members that will be in charge of validating transactions in the network. The list of network validators include Visa, Mastercard, Paypal, Uber, Lyft, eBay, and others, that have invested around $10 million to be part of the board and operate a node. Facebook also launched a new subsidiary called Calibra, which is a digital wallet designed to “provide financial services that will enable people to access and participate in the Libra network.” With Facebook’s gigantic user base and its ability to leverage WhatsApp, Messenger, and Instagram, Calibra will instantaneously compete with the world’s most popular existing wallets and exchanges, such as Coinbase, RobinHood, CashApp, and others. Even though this is a massive play for Facebook for entering the financial services industry, the cryptocurrency community expressed a mixture of concern, distrust, and excitement. Many took to Twitter to express their sentiment about the recent move by the social network giant. Crypto Twitter’s reaction Anthony Sassano, the co-founder of EthHub, points out that in order to sign up for Calibra, a government-issued ID is required to “comply with laws and prevent fraud.” 2/ To get started with Calibra, you'll need a government-issued ID to sign up for an account and the website states that "identity verification is important to comply with laws and prevent fraud, so you know people are who they say they are." Well, of course 😅 — Anthony Sassano (@sassal0x) June 18, 2019 According to @AkadoSand, this KYC procedure poses a major security risk for its users since the first time a transaction is made from an account, any future transactions will be linked to it as well as any other sensitive information. $LIBRA will be the best thing that will happen to chain analysis and LE. From the moment you make a single tx, your id will be linked to it and all future txs forever Like BTC but as soon as you use it you're automatically KYC'ed. Profile, location, timestamps, preferences, etc — Akado 'Bitcoin Halving in 339 days' Sang (@AkadoSang) June 16, 2019 With a user base of two billion people, Changpeng Zhao, the founder and CEO of Binance, believes that Facebook will not only have access to its users names, IDs, addresses, phone numbers, family members, friends, real-time and historic location, but with the introduction of Calibra, it will now gain access to their financial data. Facebook Libra coin don't need KYC. They have so much more data on the 2 billion people. Not just name, id, address, phone number. They know your family, friends, real-time/historic location, what you like… They know you more than yourself. And now your wallet too. Best AML! — CZ Binance (@cz_binance) June 18, 2019 Such a vast amount of information under a central authority could lead to a “disaster in slow motion,” as Tamas Blummer, a Bitcoin Core developer, indicates. The VP at CoinTerra suggests that technical features of Libra, such as “account model, generic language, [and] on-chain scaling,” makes it more of an Ethereum competitor than Bitcoin. Libra resembles Ethereum more than Bitcoin. It contains all the features that make Ethereum garbage. account model, generic language, gas, on-chain scaling with sharding, some BFT consenus. In addition it has to implement all KCY and AML. A sure disaster in slow motion. — Tamas Blummer (@TamasBlummer) June 18, 2019 Along the same lines, Pavol Rusnak, CTO at SatoshiLabs, and Ran Neu-Ner, CEO of Onchain Capital,  asserted that Facebook’s new cryptocurrency could have the potential to replace altcoins and stablecoins, but it will fail against Bitcoin. Facebook just gave Bitcoin its biggest boost ever and also rendered 90% of alts useless at the same time. — Ran NeuNer (@cryptomanran) June 18, 2019 The fact that Libra is not decentralized or censorship resistant, while its legal and tax status remains unclear— as Larry Cermak, research director at The Block Crypto pointed out—reduces its chances of becoming “the Bitcoin killer.” Just so we are clear, Libra is:– not decentralized– not censorship resistant– not guaranteed to work technologically – not guaranteed to be cleared by regulators– not clear in regards to tax implications — Larry Cermak (@lawmaster) June 18, 2019 To Peter Todd, a Bitcoin Core developer, Libra is indeed just an “unscalable centralized database,” but to Saifaden Ammous, author of The Bitcoin Standard, it is actually the only cryptocurrency other than Bitcoin that has the potential to succeed. Libra whitepaper initial analysis: The only digital currency other than bitcoin that matters, and it could succeed massively. But it does not compete with bitcoin, it reinforces bitcoin's value proposition, and will likely need to rely on bitcoin if it succeeds. Thread👇 — Saifedean Ammous (@saifedean) June 18, 2019 Libra is still one year away from being launched and its impact on the cryptocurrency market remains to be seen. As Facebook advertises its new project to its 2 billion customers, more people will be exposed to the terms “cryptocurrency” and “blockchain,” which could bring more attention into the market. The overall sentiment across the crypto community can be summed up in one tweet by Alistair Milne, CIO at Atlanta Digital Currency Fund. Sell Libra, buy Bitcoin — Alistair Milne (@alistairmilne) June 18, 2019 The post Cryptocurrency influencers react to Facebook’s Libra, boon or risk for Bitcoin? appeared first on CryptoSlate.
Cryptoslate

Facebook unveils Libra cryptocurrency

Facebook announced its own cryptocurrency Libra that will be backed and controlled by the Libra Association which also includes founding members Uber, Lyft and Spotify. The platform will allow users to buy and send money without racking up as many fees as traditional financial platforms. Users can buy or cash out the cryptocurrency at local exchange points and spend it using interoperable third-party wallet apps, according to a Libra whitepaper. The cryptocurrency also claims to make it easier to send money between countries for less that it would cost with traditional providers. Facebook is also launching a subsidiary called Calibra to handle its crypto dealings and protect user privacy by keeping Libra payments and Facebook data separate so that it won’t be used for targeted advertising. User identities also won’t be tied to publicly visible transactions but Libra association members will earn interest on money that users cash in. That interest will be held in reserve to keep the value of the currency stable. ProPrivacy.com digital privacy expert Ray Walsh expressed doubts about the platform given Facebook’s track record for protecting consumer data. “Considering that Facebook is already the second largest advertiser in the world (second only to Google), this added integration is concerning,” Walsh said. “The idea that social data and financial data could be combined is worrying, and although Facebook claims that it will keep the distinct data sets at arm’s length – it is hard to believe that consumer habits will not be tracked in order to allow Facebook to better serve ads,” he said. Walsh contended because Facebook produces the majority of its revenue through ads and has proven untrustworthy with consumer data on several occasions in the past, it seems unlikely that the company does not plan to exploit as much consumer data as legally permitted. The post Facebook unveils Libra cryptocurrency appeared first on SC Media.
SC Media

CNBC Video: Jim Cramer Calls Facebook’s Libra Cryptocurrency Coin Brilliant After Reading Whitepaper

Facebook Officially Announces The Creation Of Its Cryptocurrency Libra, CNBC’s Cramer Says the Project Is Brilliant Today, Facebook finally announced its most awaited project, Libra. According to the organization, a new Facebook regulated subsidiary called Calibra was created in order to manage the project and to create a new wallet based on the service. The head of […]
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