The U.S. Securities and Exchange Commission (SEC) has been heavily criticized for its approach to regulating the crypto sector. The criticism followed the securities regulator’s action against a former Coinbase employee in an insider trading case, in which the SEC named nine crypto tokens listed on Coinbase as securities. SEC Slammed for Regulation by Enforcement…
Read more
The regulatory arm of the United Arab Emirates (UAE)’s special economic zone, the Dubai International Financial Centre (DIFC), has unveiled a consultation paper outlining its proposed regulatory regime for crypto tokens.
Changes to the Draft Legislation
The Dubai Financial Services Authority (DFSA), the financial regulatory agency of UAE’s special economic zone, the Dubai…
Read more
Security tokens deployed on a purpose-built blockchain may be the solution to financial institution adoption. How can a securities-specific blockchain accelerate adoption? A successful securities-specific blockchain fills all gaps in the current Ethereum architecture by providing efficiency, automation and transparency. Aligning a functioning blockchain with the needs of modern capital markets will require solutions to…
Read more
The security token markets continued to slump last month, with sector-wide trade volume receding by more than 40%. The bullish momentum enjoyed by the security token sector in the first three quarters of 2020 has well and truly subsided, with monthly volume crashing by more than 40% for the second time in a row. Since…
Read more
While tZERO’s net revenues have nearly doubled year-over-year, Overstock’s fledgling security token exchange is still far from profitable. Despite explosive third-quarter growth in the security token sector, Overstock’s Q3 2020 earnings report reveals that its tZERO alternative trading system (ATS) has continued to lose money. The ATS specializes in security tokens, consistently hosting more than…
Read more
Two dozen security tokens drove $9.15 million in trade during September. Following four months of spectacular growth, security token trade volumes have crashed by nearly 60%. From May through August, monthly volume gains for the sector ranged between 113% and 280%, posting record highs that increased from $998,000, to nearly $22 million, according to Security…
Read more
A Proof of Concept security token transfer involving BNP Paribas and Curv could lead to integrated crypto custody solutions. Securities services provider BNP Paribas has just completed a Proof of Concept with cloud based crypto wallet provider Curv, to demonstrate a highly secure way to transfer security tokens. The security token was transferred using Curv’s…
Read more
As real estate tokens falter, AspenCoin has announced cash rebates for token holders who stay at its resort. Despite the broader security token market booming in recent months, real estate tokens appear to be struggling amid the coronavirus pandemic. AspenCoin (ASPD), the digital security representing fractional ownership in 19% of a five-star 179-room hotel in…
Read more
The Netherlands’ financial regulator has approved the blockchain-powered real estate crowdfunding platform Max Crowfund. Max Crowdfund, a blockchain-powered real estate crowdfunding platform connecting property developers and investors, has received approval from the Financial Markets Authority in the Netherlands. With approval from the AFM, Max Property Group — the platform’s parent company — will commence the…
Read more
Real estate security tokens are steadily gaining popularity — comprising 14.5% of total trade in tokenized securities. The nascent real estate security token, or REST, sector experienced consistent growth in Q1 2020. Three new properties were also listed on RealT during March — doubling monthly real estate token trade. RESTs now represent nearly half of…
Read more
