ChainCatcher news, European cryptocurrency platform Bitpanda offers EU-regulated security tokens to retail investors.The first security token available on the Bitpanda platform is Steelcoin, which is a "regulated, transferable security" under the EU Prospectus Regulation, tracking the value of selected steel products.

ChainCatcher news, according to Ledger Insights, the Japanese subsidiary of Phillip Securities, headquartered in Singapore, has invested in the Sony-produced film "Hero Island" and plans to issue security tokens to facilitate consumer investment in the film through digital securities.It is understood that the relevant issuance technology is provided by Securitize Japan, whose parent company is supported by BlackRock. The film is scheduled to be released in 2025, but a small batch token issuance of 100,000 yen (629 USD) will start next week. Investors can participate in the film's revenue sharing (part of box office revenue), including cinema releases, video and broadcast sales, value-added bonuses, and may also have the opportunity to participate in additional scenes, attend the film premiere, receive promotional posters, and even have their names appear in the end credits.

ChainCatcher news, according to The Block, the tokenized securities market INX platform has launched a tokenized security bNVDA token, which is one-to-one backed by Nvidia stock, aimed at eligible non-U.S. users, but has no formal affiliation with the chip manufacturer Nvidia.According to relevant information released by INX and the tokenized real-world asset issuer Backed, the bNVDA token can be traded outside of traditional stock market hours and allows users to fund their accounts and purchase tokenized securities using cryptocurrency.INX CEO Shy Data stated, "This collaboration is another milestone in our journey to enable the trading of tokenized real-world assets. We are committed to enhancing the accessibility and efficiency of the tokenized asset market, ushering in a new era of global finance."

ChainCatcher news, according to the Hong Kong Commercial Daily, HKbitEX co-founder and Chief Strategy Officer Lu Tingkuang stated that the license for crypto assets in Hong Kong can simultaneously provide trading for cryptocurrencies and security token offerings (STO). This is actually more convenient than in Singapore and the United States, as licenses in most other countries and regions can only offer one of the services, rather than both. For example, Coinbase, which is already listed in the United States, can only provide cryptocurrency trading with its license.Although some may believe that Hong Kong has been relatively conservative in the development of the virtual asset market in the past, which has led some crypto giants to feel disheartened and exit the Hong Kong market, in fact, Hong Kong has been carefully observing before deploying, and thus has seen results in recent years.In addition, the Securities and Futures Commission has made it clear this year that STO investments may be open to retail investors to attract more funds and fintech talent to Hong Kong.

ChainCatcher news, Hong Kong launches the world's first green security token offering (G-STO) aimed at the electric vehicle charging network. This G-STO is jointly launched by local electric vehicle solution provider XECO and the licensed institution Gopher Financial Technology (Hong Kong) Limited.It is reported that this green security token offering will be launched on the Ethereum blockchain, currently only available to professional investors. Each participant can instantly understand the usage of products or services related to electric vehicle charging projects and estimate returns based on business performance. By utilizing Ethereum blockchain technology, the G-STO lowers the financial threshold of the private equity market while incorporating traditional measures such as KYC/AML (Know Your Customer/Anti-Money Laundering) compliance, business governance, risk assessment, and annual financial audits.

ChainCatcher news, Web3 venture capital firm Taisu Ventures announced an investment in CSpro Global Holding Limited (GaoPu/CSpro) and will serve as its strategic advisor. The specific investment amount and valuation data have not been disclosed.

According to ChainCatcher news, as reported by CoinDesk, the UK opposition Labour Party has stated that if the party comes to power after the expected general election this year, it will strive to make the UK a center for tokenization of securities, promote a digital pound, and support the financial services industry. A document titled "Financing Growth" outlines the Labour Party's plans for the financial sector, which include transforming the UK into a sustainable financial center, expanding regional financial hubs, and embracing fintech innovation.UK Prime Minister Rishi Sunak has indicated that the general election may take place in the second half of this year. The Conservative government has previously introduced a number of policies related to the digital asset space; however, the Labour Party is currently leading in the voting intention polls. The Labour Party, in a document presented by Shadow Chancellor Rachel Reeves and Shadow Economic Secretary Tulip Siddiq, stated: "Tokenization (U.K. Finance) defines it as 'the digital representation of financial assets using distributed ledger technology,' which presents a significant new opportunity for the UK."

ChainCatcher news, according to The Block, cryptocurrency trading service company Elwood Technologies has received approval from the UK's Financial Conduct Authority (FCA). Elwood stated that the authorization is related to its execution management system for security tokens and derivatives, which allows its clients to connect to cryptocurrency exchanges and over-the-counter trading.It is reported that Elwood was founded by Alan Howard, the former CEO of Brevan Howard, who remains the majority shareholder.According to the crypto data platform RootData, in May 2022, Elwood Technologies completed a $70 million Series A funding round, led by Goldman Sachs and Dawn Capital, with participation from Barclays, BlockFi Ventures, Digital Currency Group, Flow Traders, and Galaxy Digital Ventures, among others.

ChainCatcher news, according to CoinDesk, investment firm Republic stated in an email that it will list its profit-sharing digital security token Republic Note on the INX trading platform via the Avalanche blockchain on December 6. This security will provide investors with a venture capital portfolio of over 750 private companies under Republic, including Web2 and Web3 businesses as well as assets like SpaceX, Dapper Labs, and Carta.The token will be available to non-accredited investors, and it operates as follows: when one of the companies makes a dividend payment or other cash-generating liquidity event, the profits will flow into the Republic Note dividend pool. Whenever the funds in the pool reach $2 million, note investors will receive USDC dividends sent to their digital wallets.It is reported that Republic Note has raised over $30 million from Binance, the Avalanche Foundation, and pre-listing private sales.

ChainCatcher news, according to Money Today, three major Korean securities firms, Shinhan Investment Corp, KB Securities, and NH Investment & Securities, will sign a business agreement at the end of this month to form a "Securities Token Alliance" and begin building a joint infrastructure.After that, the three securities firms will detail the composition and operational plan of the alliance, reviewing various methods such as establishing joint ventures and multilateral contracts.

ChainCatcher news, according to Caixin reports, Hong Kong's licensing system for virtual asset trading platform operators is essentially a "dual-license" system. In addition to the licensing system for "security tokens," which applies to the Securities and Futures Ordinance, there is another licensing system for "non-security tokens," which will officially take effect under the Anti-Money Laundering Ordinance starting June 1, 2023.Currently, several virtual asset trading platforms, including OSL Exchange and HashKey Exchange, are applying for the second type of license, but no licenses have been granted yet.The Hong Kong Securities and Futures Commission previously stated that the terms and characteristics of virtual assets may evolve over time, and the defining criteria for "security tokens" and "non-security tokens" may also change. Therefore, to ensure compliance, virtual asset platforms should hold dual licenses.

ChainCatcher news, Hanwha Securities announced the acceleration of its Security Token business, with the selection of external companies to be completed within this month. Starting in September, it will officially build a Security Token business model platform. The plan is to complete the application for innovative financial services by the end of the year and collaborate with multiple digital asset-related companies to expand cooperation models with new asset platform companies.

ChainCatcher message, dForce founder Mindao stated that the issues exposed by the recent attack on the Curve protocol have been further amplified. The founder has collateralized nearly 50% of the circulating supply for real estate and other leverage, and it is now evident that there is insufficient liquidity to reduce leverage. The greatest negative impact on Curve is not the hacking incident, but rather these actions by the founder, the extremely high concentration of governance tokens, and various obvious operations, which can easily be defined as security tokens and market manipulation.

ChainCatcher news, according to The Block, the digital securities tokenization platform Securitize on Polygon has launched a new side fund that offers tokenized exposure to the private credit fund Senior Credit Opportunities Fund managed by Hamilton Lane, available for qualified investors (with a minimum investment of $5 million), with the minimum investment amount reduced from $2 million to $10,000.This side fund is the second in the series of three Hamilton Lane funds offered on the Securitize platform, following Hamilton Lane's opening of a portion to individual investors through Securitize in February. (Source link)

ChainCatcher news, during the main event "The Future of Tokenization" at the 2023 Hong Kong Web3 Carnival, Xiao Feng, Chairman of Wanxiang Blockchain and HashKey Group, delivered a closing keynote speech titled "The Three-Token Model of Web3 Applications." He stated that the applications of Web3 will inevitably meet various demands. The token model at the application layer of Web3 is different from that of the underlying protocol. The underlying protocol is a single-token model that should be unified globally, while the application protocol is a three-token model, with each application scenario having its own characteristics. In the three-token model, the first is NFT (value of data, products, and services), the second is functional Token (value of usage rights), and the third is security Token (value of ownership, which is equity value).

ChainCatcher news, the security tokenization infrastructure company Ownera announced the participation of U.S. Bancorp in its Series A financing. Developed based on the open-source FinP2P protocol, Ownera provides services for regulated financial institutions aimed at connecting all public chains, consortium chains, and any type of asset tokenization platform off-chain.ChainCatcher previously reported that Ownera announced the completion of a $20 million Series A financing in September 2022, with investors including JPMorgan Chase. (Source link)

ChainCatcher news, investment platform Republic has completed a $3 million financing through the issuance of a new security token "Republic Core" under the Reg CF financing product. According to the Reg CF offering documents, "Republic Core" utilizes the Algorand blockchain and is issued in digital form, with asset management functions provided by smart contracts.Additionally, according to the crypto data platform RootData, Republic previously raised $16 million in 2020 by selling Republic Note security tokens. (source link)

ChainCatcher news, the Financial Services Commission (FSC) of South Korea officially announced the guidelines for Security Token Offerings (STO) on Monday. Examples of digital assets that may be classified as securities include those that provide shares of corporate operations, dividends, or residual rights, or allow issuers to allocate profits generated by the business to investors' assets. Cryptocurrencies or other digital assets with characteristics of securities will be regulated under the Capital Markets Act, while those outside that definition will be regulated under the digital asset regulations currently being prepared.The FSC stated that the class security characteristics of cryptocurrencies and other digital assets will be determined on a case-by-case basis. Issuers and brokers, such as cryptocurrency exchanges, will be responsible for conducting such assessments in accordance with regulations. The new guidelines aim to prepare the financial sector for the upcoming legalization of security token issuance and distribution, allowing entities to issue such tokens directly without financial institutions, and planning to establish an over-the-counter market for these tokens.The FSC will submit a proposal in the first half of 2023 to incorporate these updates into existing financial laws. In addition, South Korea's largest securities firm, Shinhan Securities, announced on Monday that it has formed a so-called "STO Alliance" to expand the security token ecosystem. (forkast)

ChainCatcher news, the security token platform tZERO tweeted that its application tZERO Crypto will cease operations on March 6, and users must withdraw their assets before March 6. tZERO stated that it will continue to focus on regulated securities business, bringing compliant digital asset securities to the market, including the legal provision of crypto assets on regulated securities platforms. tZERO believes that ceasing operations is not an exit, but a way to create a future for regulated digital assets and infrastructure.Previously, ChainCatcher reported that the U.S. Securities and Exchange Commission (SEC) imposed an $800,000 fine on the security token platform tZERO for violating federal disclosure rules and required it to stop the violations thereafter. (Source link)