A Decentralized Security Token Exchange by TokenMarket & Loopring

2 June 2019

Each week we share the latest news in blockchain and finance. This newsletter is newsletter #38 and covers a new decentralized security token exchange, the Amsterdam Tokenized Assets Conference, Kin's Defend Crypto Fund and much more — subscribe here to get it in your inbox every Thursday.


Next week will see the Tokenized Assets Conference in London (4 June) and Amsterdam (6 June) by The Future of Finance.

The speakers, from companies like Securitize, Huobi, CMS, TokenMarket and Swarmfund, will discuss tokenized real estate, European crypto regulations, stablecoins and related topics.

We will also speak at the Amsterdam event in the morning, discussing purpose-built asset token blockchains.


QUOTE

It will give investors much more comfort, especially institutional investors [...] it's a global market, so it has the ability to really open capital markets up globally to everyone. So you can get an individual in the UK invest a small amount in a security based out of South-Korea or wherever it may be. That's what I get really excited about.

— CEO of Archax Graham Rodford in an interview with with Security Token Academy.

NEWS

💱 STO platform Tokenmarket has partnered with Loopring to create a decentralized security token exchange with high throughput (up to 525tps).

💰 Blockchain-based Invoice Exchange startup Crowdz raised $5.5m in a Series A funding round led by Barclaysamong others.

💸 Standard Tokenization Protocol (STP) raised $7m from NEO Global Capital, among othersSTP is developing an open-source tokenization standard.

🎥 Proxima Media has been said to have raised $100 million for 'Proxicoin', a token intended to allow investors to hold fractional ownership of films. Whether the financing has in fact taken place, is still a bit of a mystery though.

⚖️ Blockchain and community platform Kin has launched the Defend Crypto fund to take on the SEC in court. The fund currently holds $5.4m.

🔧 Calastone, a transaction network for mutual funds, has migrated to a blockchain-based marketplace for the trading and settlement of funds. According to the company, the move decreases costs and allows for real-time trading.

🖇️ Blackstone-owned IT firm Mphasis and Bitfury have partnered to develop a new (blockchain-based) solution for the financial supply chainenabling e.g. instant settlement of trade transactions.

⏳ Tokenization platform iStox has been admitted to the Monetary Authority of Singapore's regulatory sandboxThe company plans to allow clients and investors to issue and trade digital securities from Q4 this year.

LONGER READS

🐢 Blockchain officially confirmed as slower and more expensive. An interesting article by the Financial Times citing the recent results from a trial blockchain project by the German Bundesbank

🎤 An interview with Nelson Chen from Neutrala new meta-stablecoin representing a basket of stablecoins.

🔓 Not one article, but plenty to read nonetheless. Dharma's COO Brendan Forster launched a Discord channel to discuss decentralized finance (or DeFi), from new projects to stablecoins. If you want a DeFi primer, take a look at our overview.

NEW DEALS

💱 User-friendly crypto exchange Kriptomat is raising up to €1.8m issuing a revenue- and profit-sharing tokenized security via the Desico tokenization platform.

🎮 In our newsletter on the Finhash Network launch, we spoke about Blockstream's bitcoin sidechain Liquid. One of the first tokenized securities on Liquid will be one by gaming company Pixelmaticwhich is looking to raise $16m to develop space game Infinite Fleet.

POSTSCRIPT

This Friday (31 May) will see the SEC's FinHub host the 2019 FinTech Forum on distributed ledger technology and digital assets.

The forum should hold quite some interesting discussions, with panelists from DTCC, Fidelity, IBM and R3, among others

The forum is open to the public and will be live-streamed on the SEC's website, so it'll be easy to tune in.See you next week! 👋

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