Token Trader Templum Just Bought a Broker-Dealer

Source : Token Trader Templum Just Bought a Broker-Dealer Blockchain startup Templum has acquired Liquid Markets Group’s broker-dealer and alternative trading system Liquid M Capital LLC.The regulated “tokenized asset” trading platform hopes to enable users to trade cryptocurrencies in compliance with U.S. securities regulations, notably treating digital assets as securities, the company announced in a press release today. Prior to the acquisition, Liquid M was a partner to Templum, enabling it to act as a digital exchange.Liquid M is a part of both the Securities Investor Protection Corporation, a non-profit organization set up to protect customers in the event a broker-dealer fails, and the Financial Industry Regulatory Authority (FINRA), a self-regulatory group aimed to protect investors from malicious securities firms.Liquid Markets Group chief executive Vince Molinari said in the release that combining Templum’s team with Liquid M’s existing alternative trading system (ATS) and other assets will help “position Templum to drive the evolution of this asset class.” He continued:“We believe Templum’s platform, standardization and commitment to investor protection will make Templum the leader in facilitating the offering and secondary trading of digital assets offered as securities.”Last October, Templum raised $2.7 million in a seed funding round, which it intended to use to launch its trading platform. At the time, the firm’s founder and CEO, Chris Pallotta, said that utilizing an ATS allows Templum to provide investors protection from possibly risky initial coin offerings.The announcement is notable for its timing, coming just a day after U.S. Securities and Exchange Commission chairman Jay Clayton noted that no company offering an ICO had registered their tokens as securities to date. During his testimony to the U.S. Senate Committee on Banking, Housing and Urban Affairs, he stated that every ICO he had seen looked like a security offering.Handshake image via ShutterstockThe leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at news@coindesk.com.

Token Trader Templum Just Bought a Broker-Dealer

Source : Token Trader Templum Just Bought a Broker-Dealer Blockchain startup Templum has acquired Liquid Markets Group’s broker-dealer and alternative trading system Liquid M Capital LLC. The regulated “tokenized asset” trading platform hopes to enable users to trade cryptocurrencies in compliance with U.S. securities regulations, notably treating digital assets as securities, the company announced in a press release today. Prior to the acquisition, Liquid M was a partner to Templum, enabling it to act as a digital exchange. Liquid M is a part of both the Securities Investor Protection Corporation, a non-profit organization set up to protect customers in the event a broker-dealer fails, and the Financial Industry Regulatory Authority (FINRA), a self-regulatory group aimed to protect investors from malicious securities firms. Liquid Markets Group chief executive Vince Molinari said in the release that combining Templum’s team with Liquid M’s existing alternative trading system (ATS) and other assets will help “position Templum to drive the evolution of this asset class.” He continued: “We believe Templum’s platform, standardization and commitment to investor protection will make Templum the leader in facilitating the offering and secondary trading of digital assets offered as securities.” Last October, Templum raised $2.7 million in a seed funding round, which it intended to use to launch its […] The post Token Trader Templum Just Bought a Broker-Dealer appeared first on Bitcoin Wiki.

BnkToTheFuture Completes $30M presale to Launch Security Tokens Market in 2018

Source : BnkToTheFuture Completes M presale to Launch Security Tokens Market in 2018 BnkToTheFuture, a global financial technology investment platform has sold more than USD 30 million in its token pre-sale. Following this success, the public token sale is starting from February 6th, 2018, where the company has set a minimum purchase threshold of USD 1,000 and a hard cap of USD 3 million. The General Idea about BnkToTheFuture The goal of BnkToTheFuture is to provide its investors with an opportunity to trade equity in the most valuable companies in Bitcoin, Blockchain and Fintech. Previous investments of BnkToTheFuture include companies like BitFinex, BitStamp, Kraken, ShapeShift, BitPay and over 100 others. The platform now aims to launch a compliance-driven, blockchain based trading market for securities tokens. BnkToTheFuture is offering its “BFT” tokens to token sale participants. These tokens provide users with access to new parts of the platform and let qualifying investors access priority deals. This new section of the platform rewards users for participating in a more community-based due diligence and investor relations process. The BF Token (BFT), aims to be a membership and rewards token to make a fairer, more efficient and transparent marketplace on BnkToTheFuture.com. The company aims to support the growth of companies and technologies involved in the future of finance in a more decentralized, yet compliance-driven way. The Current Status BnkToTheFuture is an online global investment platform where users can invest in FinTech and Blockchain companies and Token Sales meeting the criteria of a due diligence and compliance review process. More than 50,000 professional and accredited investors are using the platform who have collectively invested more than USD 270 million in more than 100 of mainstream projects, including Kraken, Bitfinex, Bitstamp and Shapeshift. Simon Dixon, the founder and the CEO of BnkToTheFuture, states: “The ICO boom proved that there is a huge appetite to allocate funds to blockchain technology when a liquid secondary market exists. If they had the choice, I think most would have preferred to trade shares in the company rather than tokens with no shareholder rights. With the current regulatory landscape, we feel the time is right to bring ICO style trading and liquidity to the private equity markets all through a compliance-driven platform.” BnkToTheFuture is a registered securities business with the ownership stakes in other licensed companies including a U.S. broker-dealer and an SEC-registered Alternative Trading System (ATS) amongst others. To know more about the platform and participate in its upcoming token sale, please visit https://bnktothefuture.com/icos Disclaimer: The opinions expressed in this article do not represent the views of NewsBTC or any of its team members. NewsBTC is not responsible for the accuracy of any of the information supplied in Sponsored Stories/Press Releases such as this one.

BnkToTheFuture Completes $30M presale to Launch Security Tokens Market in 2018

Source : BnkToTheFuture Completes M presale to Launch Security Tokens Market in 2018 BnkToTheFuture, a global financial technology investment platform has sold more than USD 30 million in its token pre-sale. Following this success, the public token sale is starting from February 6th, 2018, where the company has set a minimum purchase threshold of USD 1,000 and a hard cap of USD 3 million. The General Idea about BnkToTheFuture The goal of BnkToTheFuture is to provide its investors with an opportunity to trade equity in the most valuable companies in Bitcoin, Blockchain and Fintech. Previous investments of BnkToTheFuture include companies like BitFinex, BitStamp, Kraken, ShapeShift, BitPay and over 100 others. The platform now aims to launch a compliance-driven, blockchain based trading market for securities tokens. BnkToTheFuture is offering its “BFT” tokens to token sale participants. These tokens provide users with access to new parts of the platform and let qualifying investors access priority deals. This new section of the platform rewards users for participating in a more community-based due diligence and investor relations process. The BF Token (BFT), aims to be a membership and rewards token to make a fairer, more efficient and transparent marketplace on BnkToTheFuture.com. The company aims to support the growth of companies and technologies involved in the future of finance in a more decentralized, yet compliance-driven way. The Current Status BnkToTheFuture is an online global investment platform where users can invest in FinTech and Blockchain companies and Token Sales meeting the criteria of a due diligence and compliance review process. More than 50,000 professional and accredited investors are using the platform who have collectively invested more than USD 270 million in more than 100 of mainstream projects, including Kraken, Bitfinex, Bitstamp and Shapeshift. Simon Dixon, the founder and the CEO of BnkToTheFuture, states: “The ICO boom proved that there is a huge appetite to allocate funds to blockchain technology when a liquid secondary market exists. If they had the choice, I think most would have preferred to trade shares in the company rather than tokens with no shareholder rights. With the current regulatory landscape, we feel the time is right to bring ICO style trading and liquidity to the private equity markets all through a compliance-driven platform.” BnkToTheFuture is a registered securities business with the ownership stakes in other licensed companies including a U.S. broker-dealer and an SEC-registered Alternative Trading System (ATS) amongst others. To know more about the platform and participate in its upcoming token sale, please visit https://bnktothefuture.com/icos Disclaimer: The opinions expressed in this article do not represent the views of NewsBTC or any of its team members. NewsBTC is not responsible for the accuracy of any of the information supplied in Sponsored Stories/Press Releases such as this one.

Templum: Regulatory Compliant ICO As Securities Platform?

Source : Templum: Regulatory Compliant ICO As Securities Platform? Templum, found online at TradeTemplum.com, is a regulatory compliance solution for ICOs. Find out how it works today in our Templum review. What is Templum? Templum is a New York-based startup initially announced in October 2017. Back in October, it was reported that the company was seeking to bring a regulated token trading platform to the US market. Today, the company’s official website now lets users request early access to the platform. Overall, Templum’s goal is to provide regulatory compliant solutions for tokenized asset offerings (i.e. initial coin offerings or ICOs) and subsequent secondary trading. This opens the door for companies to launch ICOs where the tokens represent securities. It’s a regulated trading environment similar to how the world’s stock markets might work. The long-term goal of Templum is to be a leading fully regulatory compliant platform for the primary issuance and secondary trading of ICOs as securities, thereby creating a new marketplace for digital asset trading. How Does Templum Work? Templum’s platform is built with three core functions in mind. All three functions are built behind a regulatory compliant trading environment. They’re designed to represent the full lifecycle of cryptocurrency security tokens: Users can buy ICOs as securities through the platform Users can sell ICOs as securities through the platform Users can issue new tokens through ICOs on the platform Users can perform all of these functions in an environment that’s fully complaint with US securities laws. Today, most tokens don’t advertise themselves as securities. That’s because companies want to avoid being governed by existing securities laws. Templum will only offer tokens that advertise themselves as securities. The platform relies on an “alternative trading system” or ATS. As an ATS, Templum is subject to regulation from agencies like the U.S. Securities and Exchange Commission, or SEC, and the Financial Industry Regulatory Authority, or FINRA. In January 2018, Templum announced the world’s first SEC-compliant trade. The trade was between two institutions that exchanged BCAP tokens issued by Blockchain Capital LLC, a digital assets investment firm. “We believe this is the first security token to trade in a fully compliant platform,” explained Chris Pallotta, co-founder and CEO of Templum in an interview with Bloomberg. All security transactions on the Templum platform are conducted through Liquid DBA Templum Markets, a broker dealer fully approved in all 50 states and other foreign jurisdictions. Templum has also received approval to conduct private placements through electronic sales, in addition to its fully approved ATS we mentioned above. Who’s Behind Templum? Templum is a blockchain technology startup based in New York. To bring their compliance platform to life, the company partnered with Liquid M Capital. The company is led by co-founder and CEO Chris Pallotta. In October 2017, the company announced it had raised $2.7 million in a seed funding round. That round was led by Raptor Group, Galaxy Investment Partners, Blockchain Capital, and firstminute.capital. Raptor Group, which was founded by billionaire businessman Jim Pallotta, has previously …

Plus…Templum: Regulatory Compliant ICO As Securities Platform?

Crypto-Repo Trading: Oxygen Announces Launch of Platform Bringing Mainstream Features

Source : Crypto-Repo Trading: Oxygen Announces Launch of Platform Bringing Mainstream Features Advertisement Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month.This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below.Repo or repurchase agreement is a widely used tool for the traditional assets. It is a way to raise money or increase liquidity with a promise to purchase any assets back at a predetermined price. Repos are considered a safer investment than securities as there is an agreement to buy back the assets by the end of the agreed timeframe.While bitcoin and the cryptocurrency world has recently seen the release of futures, repo trading is still in its infancy when it comes to cryptocurrencies. There is a void in the market for a more stable form of investment in the crypto world and repo trading can be a good option for investors not willing to take such high risks as normally involved in trading. Oxygen is a new crypto repo trading platform that will provide new opportunities for crypto assets holders from around the spectrum to earn income, raise more funds and take a wide-ranging investment and integration with each other. Oxygen Platform’s FeaturesSafe collatorization, collateral reuse, efficient portfolio management and collateralized investment are only some of the advantages of getting into repo trading. Oxygen are currently targeting a wide range of crypto holders with several goals in mind for the future development of the platform and the crypto repo industry. Benefits of the Oxygen Platform include:All crypto users can post their assets as collateral to free up some money so they can use it for their any short term needs. Tokenized Businesses can look to fill liquidity gaps and deploy liquidity surpluses with the help of the new platform. Crypto banking platforms can earn idle income by lending their money on interestCryptocurrency exchanges benefit from this move by allowing users more trading options on their platforms.So, basically a party borrows crypto assets and promises to return them later at a fixed price set before. The borrower provides the crypto assets to the lender as collateral that can be claimed later on if the borrower defaults. Decentralization and Smart ContractsThe digital transaction is secure and is based on the Ethereum Blockchain’s smart contracts feature. The contracts themselves are based on GMRA, a global repo industry’s tried and tested legal framework that is the backbone of the $12 trillion global repo industry. The smart contract itself is directly written by the new platform and is not stored or operated by a third party in any event. Oxygen also has a host of P2P exchange features including web interfaces, community driven order book, an order processing engine and an AI-based risk management toolkit. The market will serve all ERC-20 compliant coins which essentially make up more than $120 billion capitalization in the cryptocurrency market. The native token is called the OXG …

Plus…Crypto-Repo Trading: Oxygen Announces Launch of Platform
Bringing Mainstream Features

The SEC on ICOs and Cryptocurrency: A Rocky But Optimistic Ride

Source : The SEC on ICOs and Cryptocurrency: A Rocky But Optimistic Ride Advertisement Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month.The United States Securities and Exchange Commission (SEC) has been very cautious in its statements on ICOs and cryptocurrency as they attempt to strike a balance between embracing a technological revolution and avoiding the stifling of innovation. They aren’t seeking to dismember the cryptocurrency space, but rather provide guidance on how to operate and comply with existing regulatory requirements.However, companies have been caught between wishing to hold an ICO open to U.S. investors for a utility token – or one that provides functionality on a platform without the guarantee of trading or an investment return, and not drawing the ire of the government.There have been plenty of ways in which companies have erred on the side of caution, most notably with the Simple Agreements for Future Tokens.The creation of the Simple Agreements for Future Tokens or SAFT by law firm Cooley was an unofficial way of navigating the regulatory landscape in order to have a secure way of selling an ICO to accredited investors and venture capital firms. A play on the SAFE agreement (Simple Agreement for Future Equity), the SAFT seeks to lessen the risk of the sale, as the tokens are deliverable upon the actual completion of the network or protocol. Pre-functional tokens are not issued at any time.The point of the SAFT was to open up sales to accredited U.S. investors, while keeping a barrier to the general public. However, it was as Jerry Brito puts it in his article: a “Symptom of Regulatory Uncertainty.” It allows a tip-toeing of the legal landscape outlined by the SEC by betting on both the potential for a token to be a security or utility.But the burning question remains: how does the SEC truly feel about ICOs and cryptocurrency? They’ve been recently more vocal about having companies register with them, but a binary has yet to surface.To understand how the SEC feels about ICOs and cryptocurrencies requires a step back to the summer when the SEC released their first major statement – notably on The DAO.The DAO – The SEC Goes Public on CryptocurrencyBack in the summer of 2017, the SEC released their first public report on ICOs, namely on The DAO, which was one of the most high-profile token sales due to a vulnerability which left millions of dollars in Ethereum stolen, and gave birth to Ethereum Classic.It was quite obvious that The DAO offered a form of unlicensed security – it was the equivalent of a decentralized venture capital fund that provided a form of return on an initial investment. This was a clear failure of the Howey Test, which has become the general litmus test of whether or not a token being offered in a sale is a utility token or security.The importance of this report was the fact that it provided a bit of optimism in the community. The SEC could’ve simply …

Plus…The SEC on ICOs and Cryptocurrency: A Rocky But Optimistic
Ride

Ex-CFTC Commissioner Joins Crypto Exchange as Regulatory Adviser

Source : Ex-CFTC Commissioner Joins Crypto Exchange as Regulatory Adviser Bart Chilton, the former commissioner of the U.S. Commodity and Futures Trading Commission (CFTC), is doubling down on his stated desire for a regulated market to foster the development of cryptocurrency trading.The former U.S. government regulator announced on Jan. 23 that he will join the decentralized cryptocurrency exchange Omega One as an adviser, focusing on regulatory aspects in the U.S. and abroad as the exchange eyes attracting retail and institutional investors.In an email response to CoinDesk, Chilton explained that one of the reasons he signed up for the new role is because the team at Omega One also shares the belief that appropriate regulation should be in place to facilitate the growth of cryptocurrency trading.“We [Alex Gordon-Brandor, CEO of Omega One, and Chilton] spoke for a while and [Gordon-Brandor] explained how Omega One wanted to break the mold of most in the digital world of staying away from all things regulatory or government like a hot oven. He said we need transparency and disclosure and to abide by appropriate rules,” Chilton explained. In addition to advising on regulatory issues, Chilton said he is keen on potential involvement in the Brooklyn Project, a cross-industry regulatory endeavor for the crypto space launched by blockchain tech firm ConsenSys, which is also a partner of the Omega One.The news marks a notable move by a former government regulator to take part in shaping the development of cryptocurrency trading by taking his previous experience in pushing through regulations to the emerging industry.Serving at the CFTC from 2007 to 2014, Chilton held a powerful position in enforcing market regulation and implementing position limits in bid to protect investor benefits. He also openly opposed the legislative delay of the Dodd-Frank act, which was enacted for investor protection in response to the 2008 financial crisis.Previously, Chilton has made comments arguing that, while the U.S. should embrace the potential of cryptocurrency and blockchain technology, he believes proper regulations are needed for a sustainable growth of the industry, especially when it comes to protecting investors. Another issue that regulation may solve, as he has suggested, is the notorious volatility of bitcoin’s price.Bart Chilton image via CoinDesk archivesThe leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at news@coindesk.com.

Ex-CFTC Commissioner Joins Crypto Exchange as Regulatory Adviser

Source : Ex-CFTC Commissioner Joins Crypto Exchange as Regulatory Adviser Bart Chilton, the former commissioner of the U.S. Commodity and Futures Trading Commission (CFTC), is doubling down on his stated desire for a regulated market to foster the development of cryptocurrency trading. The former U.S. government regulator announced on Jan. 23 that he will join the decentralized cryptocurrency exchange Omega One as an advisor, focusing on regulatory […] The post Ex-CFTC Commissioner Joins Crypto Exchange as Regulatory Adviser appeared first on Bitcoin Wiki.

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