Crypto Exchange Bakkt Raises $182.5 Million from 12 Investors

3 January 2019

Each week we share the latest news in the Security Token industry. This is newsletter #17— subscribe here to get it in your inbox every Thursday.


 

Happy new year, and we hope you’re enjoying the first week of 2019. If you need to catch up on recent news, take a look at our previous newsletter on the Token Taxonomy Act.

With Bakkt’s recent round of funding and the opening of a sort of hybrid exchange (see below), 2019 will surely have much in store for both the crypto — and the security token space.

 

QUOTE

NINE DAYS till smart assets activation on [the] Waves platform. One of important use-cases for Waves smart tokens is STO’s. You can issue a security token which can be traded only by white-listed users in a couple clicks.

— Waves Platform founder Sasha Ivanov on Twitter

NEWS

💰 Crypto exchange Bakkt started the year well, raising a whopping $182.5 million in a first (!) round of investment from BCG, Galaxy Digital, Microsoft, Pantera Capital and 8 more. Here’s their press release.

🍏 DX.Exchange will open next week, offering Ethereum-based tokens based on actual shares of 10 Nasdaq-listed companies, including Apple, Facebook and Tesla. Interestingly, the tokens can be traded even when the US stock markets are closed.

LONGER READS

🗄️What started with ERC-1400, has now grown into A library of interoperable security token standards. Read more about the individual standards in this article by Polymath.

📁Here’s an introduction to the new EOS-based Financial Securities Protocol. Website here.

📈 Another article on 2019 trends in the security token market, by crypto VC fund 8 Decimal Capital.

🎙️ An interview with the CEO of security token marketing platform Issuance, discussing its strategy, services, and the value of their app for potential investors.

NEW STOs

🇦🇺 SEFtoken is raising between $31 and $125 million for a ‘covered warrant token’; tokens that can be converted into equity in the Australian exchange Mercari. The company uses this concept, as Australian shares cannot be issued in digital form.

POSTSCRIPT

There was relatively little news this week but there’s a few exciting events are coming up. One of these is Security Tokens Realised in London, on 23 and 24 January.

Speakers include people from Archax, Gibraltar Stock Exchange, SIX exchange, Société Générale, Tokeny, and many more.

Infloat will also be present; if you’re attending, simply reply to this email and meet us there!

See you next week! 👋

Related Articles

Stay Up to Date

Write for Finhash

Are you interested in writing for Finhash? Send us an email using the button below.

Join Our Newsletter

Join 500+ readers from Consensys, Securitize, Fluidity and many more; get our newsletter on tokenized assets in your inbox every Thursday.

 

Follow Us

Follow us on Twitter.