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Security Tokens

Blockstream Launches Atomic Swaps on Liquid Bitcoin Sidechain

Blockstream has created an “experimental” tool that makes it easier for users to trade “trustlessly” between tokens launched on its Liquid sidechain. Dubbed Liquid Swap Tool, the platform uses “atomic swaps,” a cryptographic technology that already serves as backbone for newer decentralized exchanges currently in development. The motivation for these types of transactions is that …

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The Speed Dreams of Security Tokens

Noelle Acheson is a veteran of company analysis and a member of CoinDesk’s product team. The opinions expressed in this article are the author’s own. The following article originally appeared in Institutional Crypto by CoinDesk, a free newsletter for institutional investors interested in cryptoassets, with news and views on crypto infrastructure delivered every Tuesday. Sign up …

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Hollywood Producer Raises $100 Million for Media-Focused Security Token

Proxima Media, a firm founded by film producer Ryan Kavanaugh, has raised $100 million for a token that allows investment in media content. The new token, called Proxicoin, received the notable backing from VC firms Step Ventures and the Central Wealth Investment Fund of Hong Kong, Proxima announced Thursday. Proxicoin is built on the ethereum blockchain …

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French Lender Societe Generale Issues $112 Million Bond on Ethereum

French financial services giant Societe Generale has issued about $112 million worth of bonds in the form of a security token on the public ethereum blockchain. Announced today, the investment bank used the OFH token (obligations de financement de l’habitat, or home financing obligations) to represent 100 million euros of covered bonds, a type of security …

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Mauritius Issues Regulatory Guidance on Security Token Offerings

The Mauritius Financial Services Commission (FSC) has clarified the rules applying to projects launching security token offerings (STOs). In guidance published Tuesday, the FSC said that security tokens are classed as securities as defined in the country’s Securities Act 2005, but in digital form. Issuers raising funds through STOs are therefore required to get prior approval from …

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Coinbase-Backed Securitize Launches One-Stop Shop for Token Services

Coinbase-backed security token startup Securitize has launched a referral network of sorts to help companies issue and manage digital securities. Announced Tuesday, the “Securitize Ready Program” incorporates services from various partners, including Coinbase Custody, trading platforms OpenFinance and Rialto Trading, as well as private investment group CBlock Capital. More partners are expected to join the …

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BitGo Adds Custody Support for Blockchain Capital’s Security Token

Cryptocurrency custodian BitGo Trust Company is adding support for the BCAP security token from venture capital firm Blockchain Capital. Revealing the news exclusively to CoinDesk on Tuesday, BitGo said clients can now compliantly store their BCAP assets using the regulated firm’s custody services, as well as in a new multi-signature wallet for the ethereum ERC-20-based token. Speaking …

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Overstock Delays E-Commerce Business Sale, Deferring Cash for Crypto Ventures

Overstock has put off plans to sell its flagship retail business, delaying a large cash infusion that it was hoping to get for its portfolio of blockchain ventures. The company had originally aimed to sell the e-commerce business by the end of February, but on a conference call to discuss fourth-quarter results Monday, CEO Patrick Byrne …

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Crypto Platform DX.Exchange Adds Secondary Trading of Security Tokens

DX.Exchange, an Estonia-based platform that soft-launched in January, has opened its market to secondary trading of security tokens.  Announced today, the exchange now allows companies to list their security tokens previously issued on other platforms. Institutional investors in Europe can purchase the tokens on the exchange for fiat, bitcoin, ether, tether and XRP. However, to start with, …

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German Finance Ministry Calls for Regulated Blockchain Securities Market

The German Ministry of Finance has recommended that the country recognize blockchain-based securities as a legitimate form of financial instrument and regulate them as such. In a paper published Friday, the agency said securities can be issued in electronic form and shouldn’t have to be documented on paper. “German law should generally be opened up for …

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