For the first time, a fiat-to-crypto exchange will support the trading of security tokens. DX.Exchange, based in Europe, has taken the title of being the world’s first exchange to allow accredited,non-U.S. investors to trade security tokens. View source
The Depository Trust & Clearing Corporation (DTCC) has published guidelines on security tokens and post trade responsibilities. The issuance of these guiding principles are an important step in the utilization of the issuance and ongoing trading of blockchain based securities tokens or crypto assets. DTCC recognizes the need for safety, security, and reliability around these transactions to protect market stability. View source
Blockchain security firm and wallet service BitGo has announced support for Blockchain Capital’s ERC-20 token. Blockchain Capital’s BCAP token is a security token based on the Ethereum (ETH) blockchain that was launched in a $10 million initial coin offering (ICO) back in April 2017. BCAP represents an indirect economic interest to the limited partnership interest in the tokenized investment fund. BitGo users will now be able to hold their BCAP assets using BitGo Trust Company, a qualified and regulated custodian that provides compliant custody for security tokens. View source
Tokenise, a UK based security token offering platform which is regulated by the Financial Conduct Authority, has announced the issuance of their first STO – KABN. The company is a Gibraltar based financial service platform that is developing a suite of financial service products. View source
As new use cases for distributed ledgers continue to crop up, innovative businesses are finding new ways to apply the technology to existing models. VMC, a startup seeking to solve the problems of mass mobility, has announced the Netherlands’ first Security Token Offering. Using funds from the crowdsale, the company hopes to develop a blockchain solution to capture a part of the $500 billion urban transportation market. View source
