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Top-3 Important Security Tokens News (Week #26)

Top-3 Important Security Tokens News (Week #26)

We have prepared for you the most important news from the Security Tokens area for the past week (6 - 12 May, 2019). Giant Bank trying security tokens, $1 Billion Exchange Offering and more.

1French Giant SocGen to Test Security Tokens

Major traditional financial companies are quietly experimenting with digital tokens. This time, it's French giant Societe Generale Group (SocGen.) In April, Societe Generale SFH, a subsidiary of SocGen, sold EUR 100 million, or USD 112 million, of covered bonds (debt backed by mortgages) in the form of digital tokens – to itself. This could be huge news for digital assets. The bond was issued as a security token on the Ethereum (ETH) blockchain, and earned the highest credit rating from Moody’s Investors Service and Fitch Ratings, according to SocGen. View source

2New Security Tokens Wallet Will Be Launched on Stellar

Each day that passes, there is news about new security token issuance platforms and security token offerings. Something is missing though – where will investors store these tokens? Very few wallet solutions have been offered so far. Smartlands looks to change that, however, through the help of Stellar.

Smartlands will be using the Stellar blockchain to power their wallet, designed to safely store a variety of security tokens. In doing so, they are giving the power of custody back to investors, if they want it. In addition to supporting security tokens, this wallet can be used for SLT and XLM, as well. View source

3Bitfinex Announced Their Offering and Security Tokens Exchange

Bitfinex published the white paper Wednesday, confirming recent reports that it’s aiming to raise up to $1 billion worth in the tether (USDT) stablecoin by selling its own exchange token, dubbed LEO, in a private sale. Further, Bitfinex claimed it will also be launching a licensed and regulated security token exchange, which will not be available to U.S. customers. View source

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