Welcome to this month’s edition of Tokeny Insights.
The familiar subject of institutional involvement continues to be a hot topic in the security token industry. Regulation has progressed, more credible projects have been announced but there is still some way to go before we see heavy institutional involvement.
What’s stopping these players from participating? This week we have been leading a number of workshops at Euronext’s offices and some notions are clear. The technology is ready, now the education is crucial. Most of these institutions see clear benefits in improving administrative functions. Also, as we look longer term, there’s awareness that by distributing digitized private market opportunities to a wider investor network, it makes it easier for issuers to raise capital and provide investors with better access to liquidity. Distribution channels are transforming and becoming digital-first and financial institutions need to ensure they are prepared as challenger banks are disrupting the traditional world. Last month, over 66% of you agreed neobanks will become the first major distributors of tokenized securities, with over 51% strongly supporting this stance.
For global, mainstream institutions to adopt the technology there needs to be a wealth of promising and credible investment opportunities for their clients. Without showing the value, it’s hard to see why they would spend significant resources to adopt the new technology. Promising tokenized real estate projects are being launched, tokenized debts and funds are also attracting a lot of attention: It’s good to see we’re continuing in the right direction. We’re excited to learn about what’s to come and share some announcements of our own as we head into autumn.
Thank you for reading and speak soon. Any thoughts or questions then please reply to this email.
Significant news and insights selected by our team of security token experts
In First, Seychelles’ Stock Exchange to Conduct an IPO of Equity Security Tokens
Seychelles-based stock exchange MERJ is going to hold an initial public offering (IPO) of equity security tokens next month in Europe.
Caribbean Real-Estate Company Launches $75 Million STO
La Estancia is offering tokenized stakes in real-estate properties in paradise, promising tax incentives and “easy citizenship” in the Dominican Republic.
Crypto & Security Token Exchange INX to Raise $130 Million in Landmark IPO
INX Limited, a crypto exchange startup, plans to raise up to $129.5 million through an IPO, in the first security token sale registered with the U.S. Securities and Exchange Commission (SEC).
World Bank Sells $33.8 Million More of Its Private Ethereum Blockchain Bonds
The international financial institution raised another $33.8 million U.S. by selling the “blockchain-operated debt instrument” (bond-i), according to Commonwealth Bank of Australia.
Capital Raise for RISE Wealth Technologies
RISE Wealth Technologies GmbH, a software technology company, is pleased to announce its immediate Broker-Dealer Collaboration Agreement with Entoro Capital.
Survey Says 92% of Millenials, Gen Z & X are Very Interested in Fractionalization
If recession hits, Gen Z would bet on real estate, Millennials would invest in crypto, and Gen X would bank on commodities.
COMPLIANCE IN FOCUS
Compliance and regulatory news curated by our team of industry insiders
Germany Grants BaFin License to Financial Firm for STO Platform
Luxembourg-registered financial firm Black Manta Capital Partners has received a license from the German Federal Financial Supervisory Authority (BaFin) for its STO platform.
SEC Charges Dallas Company & its Founders With Defrauding Investors
The Securities and Exchange Commission today announced settled charges with Bitqyck Inc. and its founders, who allegedly defrauded investors in securities offerings of two digital assets.
The State of Security Token Regulations in Asia
Since the cryptocurrency boom and initial coin offering craze of 2017, many countries in Asia have taken steps to clarify their regulations surrounding cryptocurrencies and security tokens.
Blockchain-Based Securities Issuance Platform Iownit Greenlit by Finra
Broker-dealer IOI Capital and Markets (Ioicm) has secured Finra membership, paving the way for the launch of its blockchain-based securities issuance platform.
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