Prominent Ripple backer, SBI Holdings, has revealed that its crypto exchange SBI Virtual Currencies has made a profit of $3.2 million in its first year of operation. The financial report released by SBI also offers additional pieces of information. Japanese financial authority, the Financial Services Authority (FSA), has proposed amendments to the Funds Settlement Act and Financial Instruments and Exchange Act, and SBI is taking steps accordingly. The report states that it awaiting for the emendation of the acts before it might possibly launch its own Security Token Offering (STO) later this year. It also says that SBI is planning to expand its crypto mining arm SBI Mining Chip. View source
The news that Societe Generale would be issuing $112M in bonds using smart contracts on Ethereum was something nobody was expecting. It was one of the most significant announcements in the security token space so far this year, undoubtedly. However, what’s most significant is that the investment bank decided not to issue these tokens on their own private blockchain; instead, they opted to release it on the public, permissionless Ethereum blockchain. It’s a small step, but it may signal something greater at play here: banks may be changing their tune on Ethereum. View source
Chaineum has just announced their intent to support security token offerings. This will take place through the use of their specialized blockchain, known as ‘SEGMENT’. This expansion of support will incorporate a variety of security tokens. This encompasses tokens representing ownership of bonds, art, real estate, debt, equity, etc. The announcement represents the culmination of over 2 years worth of work and development on Segment. While the work is far from done, this is a big step towards carving out a place in one of the blockchain industry’s hottest trends – security tokens. View source
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