With the launch of investorID, a decentralized application for identity verification, crypto users can now create an on-chain identity in order to access and trade tokenized securities in a legal and compliant manner. In a press release, Tokeny, the startup behind investorID, said that the new dApp aims to solve the regulatory challenge of verifying the identities of potential token holders. Through investorID, investors can create a single, reusable identity in order to participate in Security Token Offerings (STO’s) or manage their current security token holdings.
Real estate development company CurveBlock will be holding their own security token offering. The STO will be the first such offering to be done in conjunction with UK NatWest’s Bank’s Accelerator program. View source
Sumner Group Holdings, a Middle East-focused investment company, is looking to raise up to $100 million (Dh367m) through a security token offering (STO) ahead of a planned listing on the London Stock Exchange next year. The Dubai Multi Commodities Centre-based company is raising funding through its Singapore-registered subsidiary, Sumner Global, which will sell the SGHX token to public and private investors, the company said in a statement on Wednesday. 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. According to the press release, BCAP represents the world’s first security token that was sold in an ICO. View source
Security token platform Polymath has partnered with digital securities fundraising platform seriesOne to offer an “end-to-end” solution for security token issuance.
SeriesOne announced the news Tuesday, saying the new product will enable issuers to create and manage security tokens that are “compliant throughout their entire lifecycle,” that is, from initial offering to trading on a secondary exchange. View source
