security tokens

ForkLog 7 01.05.2023

Nigerian financial regulator to permit asset-backed tokens, while crypto remains banned

The Nigerian SEC plans to allow asset-backed tokens, while cryptocurrencies will remain banned. Bloomberg reports, citing Abdulkadir Abbas, head of the Securities and Investment Services Department at the agency.

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ForkLog 9 06.02.2023

South Korea regulator publishes guidance on security tokens

The Financial Services Commission of South Korea (FSC) published guidelines on security tokens, stating they should be treated as securities and regulated under the Capital Markets Act.

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ForkLog 7 27.07.2022

Hong Kong-regulated OSL issues USD-denominated coupon bonds backed by Ethereum tokens

Hong Kong-based, regulated Bitcoin exchange OSL conducted an offering of USD-denominated coupon bonds backed by Ethereum tokens. The issue size was not disclosed. Each token is worth $10,000. A base coupon and a Bitcoin-linked bonus coupon are provided. Maturity is in three months. The STO issue was placed among professional investors, including Animoca Brands, Head & Shoulders Financial Group, China Fortune Financial Group, Volmart, and Monmonkey Group Asset Management. OSL Digital Securities became the first digital asset broker registered as Type 1 by the SFC to carry out an STO. OSL offered a full-service package, acting as bookrunner, placement agent, tax and payment agent, transfer agent, registrar, settlement agent, tokenisation technology partner, and trading venue. They said the initiative will pave the way for tokenised securities among licensed intermediaries in Hong Kong. In 2021, DBS Bank issued digital notes worth $11.3 million during the first Singapore STO. Read ForkLog's Bitcoin news on our Telegram — cryptocurrency news, prices and analytics.

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ForkLog 8 28.01.2022

SEC approves BSTX’s launch as a regulated blockchain-based stock trading platform

The U.S. Securities and Exchange Commission (SEC) has approved BSTX to operate as the country’s first regulated blockchain-based stock trading platform, according to a press release.

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ForkLog 10 22.10.2021

Blockstream raises $36m through sale of Bitcoin hashrate-backed security tokens

Blockstream, the infrastructure company, placed the sixth tranche of Bitcoin hashrate-backed security tokens. As a result, the firm raised a total of €30.9 million (~$36 million) through the sale of Blockstream Mining Note (BMN).

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ForkLog 13 06.09.2021

FCA warns of tougher regulation of the crypto industry

Regulators should strengthen consumer protection for those investing in cryptocurrencies who do not fully understand the associated risks, but must avoid going to extremes that would backfire, according to FCA head Charles Randell.

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ForkLog 24 24.07.2021

Uniswap Labs restricted trading of 129 tokens through its interface

The company behind the leading decentralized exchange, Uniswap Labs, has halted trading of 129 tokens in its interface due to 'regulatory landscape changes'.

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ForkLog 16 22.07.2021

Gensler warns stock-token issuers to report to the SEC

Issuers of tokens backed by equity are required to report to the Securities and Exchange Commission. This was stated by the agency's head, Gary Gensler.

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ForkLog 11 01.07.2021

tZERO tokenises a Barcelona footballer’s firm’s shares for $18 million

The security-token trading platform tZERO announced a partnership with NYCE, a real estate crowdfunding fintech company, to digitise a stake in its capital of about $18 million.

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ForkLog 24 25.06.2021

FTX launches trading of tokenized shares of 60 companies

The crypto-derivatives exchange FTX announced the start of trading tokenized shares of 60 leading companies, including Facebook, Google, Netflix, and Tesla.

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ForkLog 13 21.06.2021

Morgan Stanley backs Securitize’s tokenisation platform in $48 million funding round

The security-token technology provider Securitize raised $48 million in a Series B funding round.

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ForkLog 9 31.05.2021

DBS Bank issues digital notes worth $11.3 million in first STO

Singapore's largest bank DBS Bank has placed on its DBS Digital Exchange digital notes worth S$15 million ($11.3 million) with a six-month maturity and a coupon rate of 0.6% per year. CoinDesk reports.

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#security tokens