Japanese exchange plans to start digital securities trading on Dec. 25
Ichigo Inc., based in Tokyo, plans to offer over $20 million worth of digital securities backed by real estate on Osaka Digital Exchange (ODX). Go to Source
Security Tokens
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SEC Criticized for How It Regulates Crypto — Chair Gensler Says Most Crypto Tokens ‘Have Attributes of Securities’
The U.S. Securities and Exchange Commission (SEC) has been heavily criticized for its approach to regulating the crypto sector. The criticism followed the securities regulator’s action against a former Coinbase employee in an insider trading case, in which the SEC named nine crypto tokens listed on Coinbase as securities. SEC Slammed for Regulation by Enforcement … Read more
Regulator in UAE’s Special Economic Zone Unveils Consultation Paper on ‘Crypto Tokens’
The regulatory arm of the United Arab Emirates (UAE)’s special economic zone, the Dubai International Financial Centre (DIFC), has unveiled a consultation paper outlining its proposed regulatory regime for crypto tokens. Changes to the Draft Legislation The Dubai Financial Services Authority (DFSA), the financial regulatory agency of UAE’s special economic zone, the Dubai International Financial … Read more
Why a securities specific blockchain is needed, explained
Security tokens deployed on a purpose-built blockchain may be the solution to financial institution adoption. Go to Source Powered by WPeMatico
Societe Generale proposes historic $20M DAI loan in exchange for bond tokens
The digital assets division of the international bank wants to provide home loan-backed security tokens as collateral for the loan. Go to Source Powered by WPeMatico
Mati Greenspan warns SEC’s latest action could threaten future of all cryptocurrencies
Quantum Economics founder Mati Greenspan has sounded the alarm over the damage the SEC’s case against LBRY could do to crypto. Go to Source Powered by WPeMatico
Japanese bank Sumitomo Mitsui launches the country’s first ‘a-1’ rated security token
Sumitomo Mitsui has partnered with Securitize to launch Japan’s first security token that complies with the country’s Financial Instruments and Exchange Act. Go to Source Powered by WPeMatico
Security token volumes crash by half for two consecutive months
The security token markets continued to slump last month, with sector-wide trade volume receding by more than 40%. Go to Source Powered by WPeMatico
Despite strong security token growth, tZERO continues to lose money
While tZERO’s net revenues have nearly doubled year-over-year, Overstock’s fledgling security token exchange is still far from profitable. Go to Source Powered by WPeMatico
Southeast Asia’s Largest Bank DBS Plans to Launch a Cryptocurrency Exchange
The Singaporean multinational banking and financial services corporation DBS published an announcement revealing it was launching a cryptocurrency exchange. The announcement was later removed by the company but crypto proponents have learned about the upcoming support for assets like bitcoin, ethereum, and bitcoin cash. DBS Bank Ltd is Southeast Asia’s largest bank in terms of … Read more
