ChainCatcher news, the French blockchain securities trading platform Kriptown announced the completion of a €4.2 million Series A funding round, led by BNP Paribas, Bpifrance, and Centilux Family Office, with BNP Paribas and Bpifrance becoming shareholders of the company. The new funds will be used to establish a European stock exchange specifically for small and medium-sized enterprises under the European DLT pilot regime, allowing the creation of financial markets based on blockchain technology.In addition, Kriptown has officially submitted a DLT TSS (Trading and Settlement System) license application to the French Prudential Supervision and Resolution Authority (ACPR) under the European DLT pilot regime.

ChainCatcher news, Coinbase Chief Legal Officer Paul Grewal stated on X that Coinbase has filed a motion with Judge Katherine Polk Failla seeking an appellate review of the case brought against it by the SEC.Grewal said: "Liability should not depend on which court you are sued in or which judge is assigned to your case. Earlier today, we submitted a notice regarding the decision made by Judge Jackson in the case against Binance. This decision explicitly rejected the SEC's claim that secondary market trading of BNB tokens on the Binance trading platform constitutes an investment contract. Two district courts reached completely opposite views on whether these transactions could constitute securities transactions while analyzing economically identical transactions on the two major U.S. cryptocurrency exchanges. The SEC's litigation-centric approach to cryptocurrency regulation has resulted in market participants now facing different rules, not only in different courts in this region but also in various federal courts across the country."

ChainCatcher news, according to CoinDesk, a U.S. court ruled on March 1 that trading certain crypto assets on the secondary market constitutes a securities transaction in the insider trading case involving former Coinbase product manager Ishan Wahi, his brother Nikhil Wahi, and their friend Sameer Ramani.The ruling stated: "Even if Ramani trades tokens on the secondary market, the court's analysis remains unchanged." ... "Even when tokens are traded on the secondary market, each issuer continues to make such statements regarding the profitability of their tokens. Therefore, under the Howey Company standard, all crypto assets purchased and traded by Ramani are investment contracts." This ruling was made in the absence of Ramani in court.

ChainCatcher message, the RWA protocol Ondo Finance announced on social media the launch of Ondo Global Markets. This includes broker-dealers with accounts at traditional trading, clearing, and settlement venues, which accept customer orders not only through APIs and web applications but also through smart trading platforms for order contract calls and token transfers. The authority for customers to issue these orders will be granted in the form of blockchain tokens (similar to API keys).It is reported that the platform can bring all publicly traded securities on-chain and access the liquidity of traditional stock exchanges locally, such as Nasdaq, New York Stock Exchange, and London Stock Exchange.

ChainCatcher news, an EU official stated that the EU will continue to advance the pilot program for securities trading based on Distributed Ledger Technology (DLT). This program, which started in April, relaxes financial service regulations, allowing securities traders to interact directly with the market without relying on regulated intermediaries such as brokers and custodians.This pilot program is one of the blockchain technology experiments conducted by the EU alongside other global jurisdictions, with the potential to save up to $100 billion annually for financial markets by releasing collateral and automating back-office processes. Meanwhile, the UK also plans to promote innovation with a five-year DLT securities trial project.

ChainCatcher news, virtual bank Mox Bank Limited recently announced that it has obtained a Type 1 (Securities Trading) license issued by the Hong Kong Securities and Futures Commission (SFC). The company has expanded from deposit and lending services to wealth management and investment services.Mox will conduct testing of its Mox Invest securities trading service through the Hong Kong Monetary Authority's Fintech Regulatory Sandbox and will gradually roll out the service later this year. This new service will feature a simple and user-friendly interface, allowing users to easily invest in Hong Kong and U.S. securities. (Source link)

ChainCatcher news, Grayscale has announced that the Grayscale Solana Trust is now supported for trading on the over-the-counter market, with the code GSOL. Grayscale stated that as of April 14, 2023, there are 304,427 shares of GSOL in circulation, and all users qualified for U.S. securities investment can freely trade GSOL shares in the same manner as other securities. (Source link)

ChainCatcher news, the encrypted enterprise Prometheum stated that it will provide digital asset securities (Tokens) trading, clearing, settlement, and custody services on a platform regulated by the SEC. The digital asset securities (Tokens) supported by the new platform will include Flow, Filecoin, The Graph, Compound, and Celo.It is reported that Prometheum Ember ATS is a subsidiary of Prometheum Inc., and Prometheum ATS is a registered broker-dealer with the Securities and Exchange Commission and a member of the Financial Industry Regulatory Authority. At the beginning of last year, Prometheum completed a $15 million financing. (source link)

According to Chain Catcher news, as reported by Cointelegraph, the Moscow Exchange (MOEX) is drafting a bill aimed at allowing the trading of digital financial assets (DFA) as well as DFA-based securities. MOEX Supervisory Board Chairman Sergei Shvetsov stated that the bill is currently under review by the Central Bank of Russia.It is reported that Sergei Shvetsov mentioned that if this law is passed, Russian depositories will be able to hold digital financial assets in their blockchain accounts. As long as clients need the relevant assets, they can redeem and receive the assets through their accounts on the blockchain. (Source link)