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Top-5 Important Security Tokens News (Week #14)

Top-5 Important Security Tokens News (Week #14)

We have prepared for you the most important news from the Security Tokens area for the past week (11 - 17 February, 2019). SPiCE venture investment, New regulations in US and Luxembourg, Great partnerships and more.

1SPiCE VC Investment In Archax - Digital Securities Exchange

As of February 11th 2019, SPiCE Venture Capital (VC) has invested in Archax, a developing security token exchange in London. The investment includes strategic collaboration to collectively lead the tokenization of traditional securities— something SPiCE VC has done since 2017. View source

“Archax ... will round out our portfolio by providing a credible institutional venue for all the security token initiatives we are involved with, as well as others, to be traded in.” - Ami Ben-David— Co-Founder and Managing Partner at SPiCE VC

2New SEC Token Sales Guidance Announced

The guidance is set to help firms and companies to pave their way through legal ICOs. It will also help projects aiming at token offerings to define the real nature of underlying assets. Considering that the financial market is awash with brand-new Security Token Offerings, also known as STO, that are gradually replacing ICOs with a safer and more stable substitute, the SEC regulators need more time to figure out this new model of token offerings and include it into their guidance. View source

3NEO Blockchain Company Formed an Industry Alliance

NEO Global Development (NGD) has recently begun taking steps to prepare for an economy where securities and blockchain merge. It has established the tentatively named Digital Asset Alliance (DAA), a consortium of participants from various industries including liquidity providers, KYC/AML providers, issuance platforms, law firms, and projects. The members of the DAA are primarily located in the United States, Europe, and Asia. View source

4Luxemburg Joins Countries That Have Digital Securities Regulatory

The European nation of Luxembourg has just passed a bill providing a legal framework for securities issued over blockchains. According to a notice published Thursday, the country’s Chamber of Deputies, the county’s parliament, passed the bill on Feb. 14 with 58 members supporting the legislation and only two voting against. Titled Bill 7363, the legislation is intended to provide financial market participants with legal certainty for issuing securities using blockchain technology. View source

5$1 B of Real Estate Will Be Tokenized by Elevated Returns

Elevated Returns (ER), a financial group focused on digitizing traditional financial assets, today announced that it has selected Tezos as the blockchain on which it will offer ER's fully compliant tokenized real-estate offerings to qualified investors. ER has a pipeline of real assets in excess of USD SIB targeted for these future token issuances. View source

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