MSX, the newly launched fintech arm of the Malta Stock Exchange, has inked several new deals aimed at creating new marketplaces for tokenized securities. The newly inked deal sees MSX team up with Neufund, a platform for securities tokenization and issuance, to build a “regulated and decentralized, global stock exchange for listing and trading tokenized securities alongside crypto-assets,” according to a press release. Exactly what will make the new exchange decentralized was not explained, however. The partners are already planning a pilot later this year, which will include a public offering of tokenized…
Tag: Token
Smartphone Giant Xiaomi Disavows ICO Token Pegged to Its Stock
Smartphone maker Xiaomi said it has not authorized and has no connections to an initial coin offering scheme that is selling a token which is said to peg to Xiaomi’s stock price in its upcoming initial public offering. The Chinese smartphone maker is currently scheduled to go public on the main board of the Hong Kong Stock Exchange on July 9. Aiming to raise $4.7 billion, Xiaomi’s IPO is seen as one of the most notable public offerings in Hong Kong this year. And the anticipated IPO appears to have…
Charts: SEC Data Shows Token Filing Figures Just Keep Rising
Regulatory uncertainty or not, data from the SEC indicates the number of filings related to token sales continues to trend upward. Indeed, a review of SEC data through June indicates that the SEC has received nearly 100 filings for token sales (93) in the past year, beginning with four in August 2017 and building to an all-time high of 15 in May. Many of the filings reviewed by CoinDesk related to sales of Simple Agreements for Future Tokens, or SAFTs, which essentially serve as promises for tokens at a later date.…
Tron Claims Its Blockchain Is Live, But Its Token Migration Isn’t Over
Tron, the $3 billion decentralized internet project, may have gone live today, but its full “independence” from the ethereum blockchain isn’t yet complete. Although Monday was intended to serve as an “Independence Day” celebration marking both the official launch of its mainnet and the completion of its departure from its former host, ethereum, the project has only achieved the former. More precisely, founder Justin Sun said during a live stream that Tron is still in the process of migrating the last of its users’ TRX tokens from ethereum to its mainnet.…