Funding Platform SeriesOne Partners With Polymath to Use Its Security Token Protocol

United States-based crowdfunding platform SeriesOne has partnered with security token protocol platform Polymath, according to a press release published on March 19. The new partnership intends to create a digital securities offering ecosystem via the SeriesOne platform. According to the press release, the partnership between SeriesOne and Polymath will let token issuers create and manage regulatory-compliant security tokens from the initial offering stage to trading on a secondary exchange. SeriesOne CEO Michael Mildenberger expressed confidence that Polymath’s security token protocol, ST-20, is set to improve the process of raising capital…

Huobi Launches Token Sale Platform to Let Investors Sample Pre-Release Altcoins

Singapore-based cryptocurrency exchange Huobi Global is launching a dedicated platform for pre-release token sales, the company confirmed in a blog post on March 20. The platform, dubbed Huobi Prime, aims to give participating investors access to new altcoin tokens before they appear on major exchanges. Prospective projects will go through a vetting procedure, with successful applicants offering tokens to investors via three 30-minute flash sales, the blog post outlines. Huobi Prime is geared to both large and small investors, with individuals subject to a maximum $1,000 investment cap. The cap…

Polymath, SeriesOne Team Up to Simplify Security Token Issuance

Security token platform Polymath has partnered with digital securities fundraising platform seriesOne to offer an “end-to-end” solution for security token issuance. SeriesOne announced the news Tuesday, saying the new product will enable issuers to create and manage security tokens that are “compliant throughout their entire lifecycle,” that is, from initial offering to trading on a secondary exchange. The two aim to simplify the “complex challenges” of creating and managing security tokens. The new solution would be a “critical” component of seriesOne’s digital securities offering ecosystem, the firm said. Polymath sets out…

BitGo Launches Custody for Blockchain Capital’s Security Token BCAP

Blockchain security firm and wallet service BitGo has announced support for Blockchain Capital’s ERC-20 token, according to a press release shared with Cointelegraph on March 19. Blockchain Capital’s BCAP token is a security token based on the Ethereum (ETH) blockchain that was launched in a $10 million initial coin offering (ICO) back in April 2017. BCAP represents an indirect economic interest to the limited partnership interest in the tokenized investment fund, and is the world’s first security token that was sold in an ICO. According to the recent BitGo announcement,…

Insurance Giant AXA XL Launches Security Token and Crowdfunding Insurance Service

Insurance giant AXA XL and insurance technology startup Assurely have jointly launched a new insurance product covering equity crowdfunding and Security Token Offerings (STOs), according to a press release published on March 6. The new product dubbed CrowdProtector is designed for issuers and investors, and purportedly protects new online capital formation strategies like equity crowdfunding and STOs. The product also aims increase trust, confidence and safety to potential investors guaranteeing that the issuer is insured. According to Ty Sagalow, CEO of Assurely, the parties have managed to increase underwriting. The…

Bittrex Exchange Nixes RAID Token Sale at 11th Hour

Cryptocurrency exchange Bittrex said it canceled an “initial exchange offering” (IEO) just hours before it was set to launch. The RAID Project had planned to raise $6 million through the sale of a token called XRD to the exchange’s customers. But Bittrex said it called off the sale after learning that the issuer’s strategic partnership with an e-gaming data analytics company OP.GG had been abruptly terminated. That alliance “was a vital part of the RAID project,” Bittrex said in a statement. “When Bittrex International became aware of this significant event, we did…

Nasdaq-Powered EU Digital Exchange DX Launches Security Token Trading

Estonia-based Nasdaq–powered digital trading platform DX.Exchange is claiming an industry first with its launch of security token trading and security token offering (STO) listings. The development was shared with Cointelegraph in a press release on March 14. As previously reported, DX.Exchange went live in January, with support for various fiat and cryptocurrency trading pairs and tokenized stocks. In March, the platform added tokenized exchange-traded funds (ETFs) to its supported products. According to the press release, the platform now allows investors to purchase security tokens using both fiat and major cryptocurrencies…

Security Token Offerings ‘are Not Fundamentally Different From ICOs’

Security token offerings (STO) are becoming more popular, relative to initial coin offerings (ICO), according to a new report by Big Four firm PwC’s global consulting subsidiary Strategy&. Released on March 8, the firm’s forth ICO and STO report was developed in collaboration with the Swiss Crypto Valley Association. According to the joint report, STOs “are not fundamentally different from ICOs.” The document states that STOs are “a more mature and regulated form” of fundraising, noting — given the definition of a security — that the tokens sold in an…

Dubai Real Estate Giant Emaar to Launch ETH Token, Considers ICO in Europe

Dubai-based real estate giant Emaar has announced plans to launch a token and is considering holding an initial coin offering (ICO) in Europe, English-language local media Arabian Business reports on March 11. Per the article, the token will be developed by Swiss blockchain startup Lykke, and will grant Emaar’s customers and stakeholders access to the referral and loyalty system across the entire company. Emaar is the largest real estate company in the United Arab Emirates (UAE), responsible for the Burj Khalifa, Dubai Fountain, Dubai Mall and Dubai Opera. According to…

Unity Unveils Patent for Blockchain-Based, Uniquely Identified In-Game Token System

The Danish parent company of game engine developer Unity has applied for a patent related to in-game cryptocurrency tokens, documents from the United States Patent and Trademark Office revealed on March 5. Unity Technologies, whose software its CEO says is used by about half of the world’s video games, is now targeting missing links in the in-game token market. “There are currently no known ways to assign objects (both physical and virtual) to unique identifiers and allow those objects to be altered, transferred, swapped, exchanged, traded, given, and associated with…