In Apparent First, SEC-Approved Security Token Offering Seeks Listing on Coinbase

Shortly after sealing an approval from the United States Securities and Exchange Commission for its security token offering, Singaporean blockchain project BitcoinHD (BHD) is seeking a listing on major exchange Coinbase. On March 30, the SEC had approved BHD’s blockchain-based STO under what is known as a Form D exemption.  Form D is a short registration form in which a company discloses essential information for prospective investors in its securities issuance. The form is notably much shorter than the lengthy reports that are required for the sales of a non-exempt…

Token Sales Treated as Securities Offerings by Default in Gibraltar

In an exclusive interview with Cointelegraph, Gibraltar’s minister for digital and financial services, Albert Isola, has welcomed firms wishing to launch security tokens to the jurisdiction. The minister revealed that the British Overseas Territory assumes that all token offerings are securities issuances by default, placing the responsibility on the issuer to be able to demonstrate otherwise. Minister Isola also revealed that the government will soon mandate that the employees of all financial firms in the jurisdiction attend a university course on anti-money laundering, or AML, risks. Gibraltar welcomes security tokens…

Algorand Partnership Offers Integrated Accounting to Token Holders

Crypto tax provider Verady has announced a partnership with Algorand (ALGO) to offer integrated accounting to ALGO holders. Verady also revealed that its technology is being used by Algorand and Blockchain.com for their internal accounting and auditing. Verady integrates ALGO into tax platform Speaking to Cointelegraph, Verady’s co-founder and chief executive, Kell Canty, stated that the new partnerships are the product of several months of discussions between the firms. The agreement with Algorand has seen Verady integrate ALGO into its software. Canty stated that “ALGO Holders will be able to associate multiple…

German Security Token Platform to Develop a Custody Solution

German security token offering (STO) platform Black Manta Capital Partners partnered with local digital asset custody firm Finoa to develop institutional security token custody. According to an announcement shared with Cointelegraph on May 4, the cooperation aims to develop a regulated security token custody solution explicitly aimed at institutional investors, high net worth individuals and corporations. Black Manta and Finoa will first collaborate on securing the tokens of the Berlin STO that has tokenized $12 million worth of real estate announced last month. Per the announcement, Finoa is a Berlin-based…

Ethereum-Based Digital Art Platform ArtID Launches Security Token Offering

Ethereum-powered digital art platform ArtID held a security token offering to fund the further development of its marketplace. According to an announcement on April 29, ArtID is seeking five million euros (nearly $5.5 million) in the offering and reached the soft cap set at 580,000 euros within one week. Investors holding the platform’s security tokens will have access to a percentage of the company’s earnings. The offering aims to raise one million euros in a public offering and four million euros in private. An active digital artwork platform ArtID reportedly…

US Security Token Platform TokenSoft Joins Blockchain Association

Security tokens platform TokenSoft has joined the U.S.-based crypto lobbying group Blockchain Association (BA). The San Francisco-based token issuance platform said in an official announcement on April 27 that it would be entering the D.C.-based organization to “educate regulators and elected officials on the advantages of utilizing blockchain technology and the need for responsive, national regulatory standards.” Announcing that the firm would be taking a leading role in the BA, TokenSoft said the move was aimed for guidance on using blockchain technology under current regulations, enhancing regulatory compliance on security…

Bitfinex Lists New Cross-Chain DeFi Token to Drive DEX Liquidity

Major crypto exchange, Bitfinex, continues to drive decentralized finance, or DeFI, adoption by announcing support for a new cross-chain DeFi solution. Bitfinex exchange plans to list pTokens (pBTC) — a new token that aims to unlock cross-chain DeFi liquidity by connecting Bitcoin (BTC) to any blockchain. The token is pegged 1:1 to Bitcoin and is compatible with the Ethereum (ETH) and EOS DeFi ecosystems to date. Bitfinex to streamline liquidity flows between centralized and decentralized exchanges Bitfinex CTO, Paolo Ardoino, told Cointelegraph that the platform expects to add support for…

Huobi Token Approved in Japan As Regulators Improve Protections

Huobi Token has become the first international exchange token approved by Japanese regulators, after the Financial Services Agency (FSA) approved HT as a compliant crypto asset able to trade in the world’s second largest digital asset market from May. Only 25 other tokens have been approved on the FSA’s whitelist at this point as Japan tightens up regulations to better define crypto assets. Last year, the Japanese House of Representatives revised the Payment Services Act (PSA) and Financial Instruments and Exchange Act (FIEA) with enforcement going into effect from May…

Bitcoin Smart Contract Solution RSK Sees New Stablecoin and Leveraged Token

A startup has launched a leveraged token and a decentralized stablecoin on Rootstock (RIF), a smart contract solution based on Bitcoin (BTC)’s blockchain. According to an announcement shared with Cointelegraph on April 21, Bitcoin-based decentralized finance (DeFi) protocol MoneyOnChain launched the new products on RSK’s sidechain. A DAI competitor on Bitcoin’s blockchain The new DeFi platform, dubbed RIF on Chain will feature RIF Dollar (RDOC), RIFX and RIFpro (RPRO). RPRO is a token that mirrors the price of RIF but also grants passive income by collecting a share of the…

Binance Issues ONT-Backed Token For DEX Trading

Growing the library of assets built on its own blockchain, Binance recently issued a new token backed by the crypto asset, Ontology (ONT).  Built on Binance’s blockchain and governed by a series of parameters known as BEP2, the new token goes by the name ONT-33D, a Binance spokesperson told Cointelegraph in an email.  Tokens are backed by ONT coins Each ONT-33D token holds a backing of one ONT coin, the spokesperson said. In theory, this should keep the token’s price the same as the ONT tokens traded on the open…