STO news

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

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Looking for STO to invest in? Check out renewable energy project WindMine

TLDR - WindMine wants to build a wind park in a solid location. Funds will be raised by issuing debt bonds on the blockchain. Project have all needed permits to start construction! Retail investors welcomed! ​ Windmine aims to build a state of the art wind park facility near Baltic sea. The wind park will run 15 latest tech wind turbines with a total capacity of 60 MW. Funds will be raised by issuing debt bonds on the blockchain. ​ Believe it or not, the energy generated from fossils-fuels fulfills 80% of your current energy needs, which includes sources like coal, oil, and gas. This situation has been causing fear among many that we will run out of energy and it can lead to devastating consequences for the global economy. With all this energy production, we are poisoning our air, land and waters. It is clear that this kind of energy production is not sustainable and healthy in the long run, so governments and companies all around the globe are getting heavily involved with renewable energy. ​ WindMine has every needed piece to start the development of wind park. Team has already developed valid tech designs and projects for substation and wind park. We have received environmental impact assessment, land lease agreement and valid building permit to start building. ​ The project has unbeatable superstar location – close to an industrial zone that supplies with development opportunities and open turbine formation towards main wind currents heading from the sea which brings all main characteristics close to an offshore park performance stats, but with an onshore park building expenses. ​ The team behind WindMine, has taken an innovative approach to fund the project, via STO (Security Token Offering) and a token issued on top of the Ethereum blockchain. Token issuing is registered at FMA Liechtenstein making it secure digital asset ensuring protection of token holder interests to the highest existing standards. Please let us know if you have any questions and inquiries. We will be happy to chat about renewable energy and security tokens on our networks: Telegram http://t.me/windmine Twitter https://twitter.com/WindMineEnergy Facebook https://www.facebook.com/windmineenergy Website https://windmine.com Whitepaper https://www.windmine.com/files/WindMine_whitepaper.pdf Pitchdeck https://www.windmine.com/files/Windmine_pitchdeck.pdf
/r/CryptoMarkets

TokenMarket to Host Security Token Offering

Upcoming STO In a recent announcement, TokenMarket indicated that they will be hosting an upcoming security token offering. This event will take place on their own issuance platform, under the watch of the Financial Conduct Authority. The fundraising event will see the company strive to sell £10 million worth of digital securities to accredited investors. TokenMarket indicates that this represents their Series A, and that all past endeavours and growth have been achieved through self-funding. The reason for hosting an STO is due to the recognition of the impending digital securities boom. TokenMarket wants to be well poised for the future of the rapidly growing industry. By raising these funds, they will ensure that their development and expansion keeps place with the market. This STO comes less than a year after being accepted by the UK’s Financial Conduct Authority. This governing body will act an oversight role, ensuring compliance with existing rules and regulations that pertain to digital securities. Commentary Multiple representatives from TokenMarket spoke on the use of blockchain, and their very own security token offering. Ransu Salovaara, CEO & Cofounder of TokenMarket, stated, “Europe has markedly failed to match the prowess of the US in nurturing technology champions that drive innovation, economic growth, and job creation…At the same time, everyday investors are often shut off from exciting investment opportunities. We firmly believe that STOs will help to solve this dilemma by democratising access to finance whilst providing the same investor protections as traditional securities.” Mikko Ohtamaa, CTO & Cofounder of TokenMarket, stated, “We believe we have constructed a fully compliant yet non-custodial, blockchain-based platform that helps early-stage companies raise funding while potentially giving investors earlier liquidity.” TokenMarket TokenMarket identifies as the most established issuance platform throughout Europe. Operating out of Gibraltar, the company has managed to grow into what they are today, since being founded in 2016. Since inception, company growth has been overseen by cofounders Ransu Salovaara and Mikko Ohtamaa. Financial Conduct Authority Known as a ‘Conduct Regulator’, the Financial Conduct Authority oversees almost 60,000 financial services within the UK. Above all, this role entails that the FCA ensures markets operate with honesty and transparency. This is done with the goal of providing a fair market for all industry participants. The FCA has been in operation since 2013. In Other News While the TokenMarket STO marks a first under the watch of the FCA, TokenMarket has, in the past, assisted various companies with their own funding campaigns. These efforts have seen over £240 million raised in only two years. The following article details another company poised to benefit in the near future, from the services and experiences offered by TokenMarket. DOVU Announces April STO The post TokenMarket to Host Security Token Offering appeared first on Securities.io.
Securities.io

STO Issuers Would Likely Need to Register as Public Companies Under the Securities Exchange Act

CoinSpeaker STO Issuers Would Likely Need to Register as Public Companies Under the Securities Exchange Act The advent of cryptocurrencies helped the startup ecosystem to raise funds through Initial Coin Offerings (ICOs). This decentralized method of fundraising involved startups selling their own digital tokens against Bitcoins or fiat investments by individuals. The ICO mania quickly caught up as startups didn’t have to undergo regulatory checks while they also allowed investors to buy new crypto tokens in the rapidly emerging crypto market. However, last year, the ICO market witnessed a major downfall as regulators stepped in finding a lot of fraudulent and scam projects thriving in this market. Since then, the market is witnessing a gradual shift to the concept of Security Token Offerings (STOs). Brief About Security Tokens Most of the digital tokens offered through ICOs are referred to as “utility tokens”. As the name suggests utility tokens could be used by buyers to pay for services or products provided by businesses. Hence, earlier they weren’t deemed as securities to which the U.S. SEC disagreed. Security Tokens are basically digital tokens tied to actual assets like debt, real estate, or equity in any company. Thus security tokens are also referred to as “digital securities”. Being tied to actual assets, the issuers of security tokens are inherently subjected to securities laws. A recent report from CrowdFundInsider shows that issuers of the Securities tokens should be mindful of Section 12(g) of the Securities Exchange Act of 1934. Hence, issuers of the Security Tokens will have to mandatorily become public reporting companies under the new act. Thus the company planning to raise funds through STOs will have to register with the SEC and report about its business operations periodically. Uncovering Rules of Securities Exchange Act For a digital token to fall under Section 12 (g), it should be an “equity security” which signifies that the issuer has over $10 million of total assets, over 500 unregistered investors or 2000 accredited investors. If the STO-issued securities are equity securities, the issuer might be subjected to additional scrutiny. Furthermore, their tokens might lag the characteristics of equity securities. Under this condition, shareholders might receive a part of the revenue or the royalties might fluctuate based on the company’s performance. The publication notes that the interpretation of Section 12(g) for legislative purposes considers securities in two categories: equity securities and debt securities. Thus if token-holder has the right to receive performance-based incentives, the STO shall be deemed as an equity security. With the growing popularity of security tokens, the industry is more likely to see a transitional shift. Currently, analysts from the industry are having mixed views over STOs considering different advantages and disadvantages for the investors. Also, a number of exchanges have currently refrained from allowing STOs citing higher regulatory scrutiny. * 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. You can check the latest Security Token Offerings (STOs) in Coinspeaker’s STO Calendar. STO Issuers Would Likely Need to Register as Public Companies Under the Securities Exchange Act
Coinspeaker

Magic BlockchainQA partners with Securitize for STO protocol integration services

Magic BlockchainQA and Securitize have announced a cross-collaborative business partnership for continued customer success. This partnership allows Magic BlockchainQA to offer integration and support services for Securitize’s DS (Digital Securities) Protocol. The Securitize Protocol Strategy includes Digital Ownership Architecture of DS Services and DS... Source
CryptoNinjas

Blockchain Identity Firm WISeCoin Announces STO

The Swiss-based cybersecurity firm, WISeCoin announced plans to host an STO in Q2 2019. The announcement has captured the attention of analysts and follows the receival of a “no-Action Letter” from the Swiss Financial Supervisory Authority (FINMA). The move marks another step forward for the Swiss security token market. WISeCoin is a subsidiary of WISeKey. WISeKey created the WISeCoin platform to furhte3r pursue their blockchain identity strategy. Speaking on the decision to host an STO, WISeKey CEO, Carlos Moreira, discussed how his platform utilizes a wide-range of “blockchain enabled microchips” to provide clients with a customizable identification system. He also touched on the importance of increasing your digital identification procedures to adapt to the “evolving device landscape.” WISeCoin WISeCoin developers seek to revolutionize the world of digital identification via the integration of IoT, blockchain, and AI. The concept is anything but simple. WISeCoin integrates a host of proprietary technology to merge seamlessly merge these sectors. Here’s how the system functions. WISeKey via Homepage Blockchain of Identity Blockchain identification systems are nothing new to the sector. The ability to verify, authenticate, and securely manage digital identities via the blockchain continues to drive more firms into this business model. What makes WISeCoin different is their approach to the problem. WISeCoin developers decided to leverage the immutable nature of blockchain technology by pairing it with the Internet of Things (IoT). The IoT is the network of billions of smart devices currently entering the market. These items are able to monitor and communicate with each other. To put the scope of this network into perspective, there were 15.4 billion smart devices connected in 2015 according to IHS reports. Intel plans to expand that network to 200 billion devices by 2020. Of these smart devices, wearable units are the fastest growing. IDC forecasts predict a 31 percent increase in this sector by 2020. As you could imagine, leveraging these devices is an extremely powerful way to monitor, verify, and authenticate people, or items. In order to accomplish this monumental task, WISeCoin developers employ “Root of Trust” RoT and PKI protocols. RoT protocols provide secure authentication across both digital and physical environments. WISeKey International Holding Ltd. The world of AI, IoT, and blockchain are destined to play important roles in the future. WISeKey combines the best attributes of these advanced sciences. The firm is sure to see continued success in the coming months as their STO approaches. The post Blockchain Identity Firm WISeCoin Announces STO appeared first on Securities.io.
Securities.io

Singapore Halts STO for Regulatory Breach

The Monetary Authority of Singapore (MAS) announced on January 24th that it had halted an unnamed security token offering. The MAS stated that it had disqualified the STO from an exemption whereby the issuer could sell its security to accredited investors without registering a prospectus with the authority. The issuer violated the condition of the exemption granted under the Securities and Futures Act (SFA) that bars it from advertising the offer.The Monetary Authority of Singapore said in its statement: “The exemption from prospectus registration is however subject to certain conditions, including a requirement not to advertise the offer. The issuer, in this case, failed to comply with the advertising restriction when its legal advisers put out a LinkedIn post accessible to the public calling attention to the offer. As such, the issuer would not be able to rely on the exemption from prospectus registration. Following MAS’s warning, the issuer has suspended its global offering of securities tokens.”Lee Boon Ngiap, MAS’s Assistant Managing Director (Capital Markets) said, “Where an offer is made to the public, a prospectus is required to ensure that investors are provided with all the information to make informed investment decisions. Some offers may be made without a prospectus if they are limited to a restricted group of persons or to those who have the means to look after their own interests. Such offers are subject to strict conditions such as advertising restrictions. MAS will not hesitate to act if issuers contravene the disclosure requirements under the SFA.”Within the statement, MAS took the opportunity to remind investors about the highly speculative nature of investing in ICOs and STOs, “Consumers should ensure that they understand the benefits and risks of any product or service before parting with their monies. Specifically for digital token offerings, the risks include a highly speculative valuation, heightened risk of fraud, and lack of a proven track record.”The MAS further advised investors, “Check on the company, its owners, directors, and management members to assess if the opportunity is genuine. Confirm the company’s and representatives’ credentials by using available resources, including the Financial Institutions Directory, Register of Representatives and Investor Alert List on the MAS website.”The MAS referred investors to its A Guide to Digital Token Offerings, updated in November 2018, for more information on investing in security tokens.  The Monetary Authority of Singapore is both the country’s central bank and its chief financial regulator.The post Singapore Halts STO for Regulatory Breach appeared first on Securities.io.
Securities.io
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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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XRP, BAT and Dash are The Favorite Cryptos Among Uphold Users

A recent report published by Uphold revealed that the most popular tokens among its users are XRP, BAT, and DASH. The investment in these cryptocurrencies has increased considerably during the period from January 2018 to January 2019. According to information from AMB Crypto, Uphold reported that despite the sharp drop in the prices of cryptocurrencies, its user base reached record stats: Not only did they increase their userbase to more than 1 million registered users, but the number of funded wallets and transactions also grew by more than 2X compared to last year. The Uphold team revealed that altcoins played a special role in the growth of its platform. Dash had the highest increase, followed by Basic Attention Token and Ethereum. However other tokens such as BTC, LTC, and BTG also reported significant growth despite the negative performance of the markets: Holdings of all currencies increased materially over the period, but DASH and BAT were the 2018 standouts (up 281% and 183% respectively). Uphold also saw good growth in holdings of ETH (up 70%), BTG (up 54%), BTC (up 41%) and LTC (up 24%) Uphold Explains The Reasons Behind The Popularity of Every Token According to the firm’s analysis. The growth rate of BTC, LTC, and ETH was lower than last year. Apparently, the public lost interest in these cryptocurrencies to focus on other more attractive alts such as XRP, which grew from 0 to 39% from March 2018 to January 2019. Uphold Interface The growing interest in XRP is consistent with the intense media presence that Ripple has had in the community over the past few months. The launch of xRapid and the numerous partnerships with essential players in the world of finance increased the trading of this cryptocurrency which eventually reached number 2 in the global market cap. Something similar happened with Basic Attention Token. The cryptocurrency is strongly pushed by Brave browser. The popularity of the browser and the positive rating of several specialized sites, as well as the launch of BAT trading in Coinbase Pro, were critical for the token to become one of the favorites among Uphold users. Uphold finally attributed DASH’s growth to a successful campaign in which they made their philosophy have an important influence on the community. “DASH represents itself as digital money which can be used to make instant, private payments online or in-store using its secure, open-source platform hosted by thousands of users around the world.” The post XRP, BAT and Dash are The Favorite Cryptos Among Uphold Users appeared first on Ethereum World News.
Ethereum World News

New Shapeshift Crypto Exchange Rebrand Plans Announced by CEO Erik Voorhees at ETHDenver

At the recently held ETHDenver, ShapeShift CEO Erik Vorhees announced that his company would be undergoing a major rebranding exercise in 2019. The first step in this will take place on Monday, February 17, 2019. During this time, the exchange will begin holding a closed beta programme where selected users will be invited to test out a new and improved version of Shapeshift. The new version, Vorhees says, will focus on improving on the user experience. These improvements will include making the user interface simpler and synchronizing the use of all the exchange’s products including its cryptocurrency pricing tracker CoinCap. This Information was made available by the CMO of ShapeShift Emily Coleman. Besides making this announcement, Vorhees also spoke at a panel focused on leadership “in times of ambiguity.” In this panel, he was joined by founder of cryptocurrency micropayments service Earn.com Lily Liu, CSO of ethereum venture capital studio ConsenSys Sam Cassatt, and co-founder of decentralized application platform Holochain Arthur Brock. Tough Calls As part of the discussion, the panelists were asked what the hardest decision was that they have had to make in the running of the business. “If you’re going to be a company in the crypto industry, you’re attached to the severe market cycles of the industry. That’s full of good and bad,” said Voorhees. Vorhees, on his part, said that the hardest decision he had had to make was the introduction of know-your-customer protocols on the exchange last year. “I felt like I had to do something morally wrong to allow the company to persist…It’s a really awful position to be in,” said Voorhees. According to Vorhees, the decision was a hard one because he was personally against the idea of asking users to give up their personal information. He eventually conceded to the decision as a form of picking and choosing his battles and considering the long-term implications. Despite the tough decision that was made, Vorhees is still confident that, in the future, people will be able to carry out transactions in a completely decentralized manner and without any censorship or interference. “Society is comfortable about this idea that people should be able to talk freely with each other … the fact that money is treated differently is a huge injustice. I hope that crypto breaks that discrepancy,” he said. Despite the CEO’s optimism, the company has faced some challenges in recent times, especially with having to lay off a third of its staff due to the crypto price slump.
Bitcoin Exchange Guide

Federal Judge in Crypto Proceeding Re-examines Blockvest (BLV Token) Case

In November of 2018, a California federal judge refused to approve a preliminary injunction as was requested at the time because there were a few inquiries and it was yet to be determined if, based on the Howey Test, the token in the case was a security. However, the same judge seemed to have re-assessed the situation and has made the decision to grant a motion the SEC’s requested, for Partial Reconsideration. Details of the Case The SEC, at the time, had charged a few offenders on account of transacting business involving sales of securities that were unapproved and not registered. The tokens, called BLV tokens, were defended by their stakeholders with the claim that they had been pre-approved by the CFTC, the National Futures Association and even the SEC. The accused also claimed on their website, that they had received approval from an agency called the “BEC”, although that seemed to have been fabricated. The Re-Assessment Generally, it almost never happens that during a prosecution, a federal judge will have a change of mind. This only happens when a motion for re-examination has been put forward. However, when a case has new evidence or laws have been changed or wrongly applied, a judge could consider a change of mind. The judge has now decided that the information on the accused’s website contained offers for transacting in unapproved tokens and this still holds water whether or not a transaction was completed. The Howey test is a divided into three parts and all three were violated. The accused expressed their opinion that an injunction is too much of a response from the courts especially because some progress had been made regarding admittance of guilt, an addition of a proper counsel to the team and the decision for these people not to do an ICO. However, the court did not agree especially because of the made up agency – BEC – and many other different falsities. The court also considered the possibility that the accused might not discontinue all the wrongdoings. Reactions to the case and the court rulings have been polar with some proclaiming it as appropriate while other have expressed that it might be an overreaction.
Bitcoin Exchange Guide

Top 5 Crypto Performers Overview: Dash, Neo, Binance Coin, EOS, Ethereum

Top 5 Crypto Performers Overview: Dash, Neo, Binance Coin, EOS, Ethereum Argentina has recently settled an export deal with Paraguay in Bitcoin. Although the net value of the deal was only $7,100, it is a welcome step. Gradually, more countries will recognize the advantage of using cryptocurrencies for cross-border deals. Digital asset management fund Grayscale […] Cet article Top 5 Crypto Performers Overview: Dash, Neo, Binance Coin, EOS, Ethereum est apparu en premier sur Bitcoin Central.
Bitcoin Central
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