Security tokens are set for a boost in Japan, where business giants including Mitsubishi UFJ, Mizuho Bank, and Rakuten will launch an offering that pays interest in “electronic money.” In a press release, the firms explained that the new ST offering will take place on the blockchain-powered Progmat platform, with investors paid in Rakuten Cash tokens.…
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South Korea’s Financial Services Commission (FSC) has reportedly said that Korean investors will soon be able to easily invest and trade security tokens or fractionalized assets. According to the FSC’s Lee Su-young, security token investors are expected to get the same protection that is provided to investors in conventional securities. Protecting Korean Security Token Investors…
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The U.S. Securities and Exchange Commission (SEC) is reportedly investigating Binance’s BNB token, which could be an unregistered security. If the cryptocurrency is found to be a security, it could put Binance in a similar position to Ripple Labs which has been in an ongoing lawsuit with the SEC over the sale of the XRP…
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The Japanese financial behemoth the Mitsubishi UFJ Financial Group is set to create a wallet that will be capable of storing and making use of “blockchain-powered digital assets” and NFTs – although its primary goal appears to be the securities tokens market. Also, the financial giant announced that it has “begun preparing to suspend…
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Société Générale continues its crypto and blockchain experimentation by issuing a tokenized security on the Tezos network. European financial behemoth Société Générale has issued a security token on the Tezos blockchain. According to an announcement on Thursday, the move constitutes the first tokenized asset offered by Société Générale. The bank stated that the security token…
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Blockstream has announced the launch of a new security token backed by the company’s mining facilities. Canadian-based Blockchain tech company Blockstream announced the launch of a security token backed by the company’s mining production on March 29. It offers an alternative to investing in Bitcoin mining stocks, with the company providing non-US qualified investors exposure…
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INX has completed all the documents needed to complete its acquisition of security token platform OpenFinance, and is now awaiting regulatory approval. Crypto IPO issuer INX has announced that its acquisition of security token offering platform OpenFinance is almost complete. According to an email sent to OpenFinance users, the parties are now just awaiting regulatory…
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Switzerland’s stock exchange became a shareholder in crypto trading infrastructure provider Omniex ahead of digital asset exchange launch. Switzerland’s leading stock exchange, SIX Swiss Exchange, has announced a partnership with Omniex – a San Francisco based firm that develops trading platforms designed for institutional investors targeting the crypto asset markets. According to a Feb. 25…
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