Posted by AGORACOM-JC
at 9:45 AM on Monday, April 8th, 2019
SPONSOR: ThreeD Capital Inc. (IDK:CSE) Led by
legendary financier, Sheldon Inwentash, ThreeD is a Canadian-based
venture capital firm that only invests in best of breed small-cap
companies which are both defensible and mass scalable. More than just
lip service, Inwentash has financed many of Canada’s biggest small-cap
exits. Click Here For More Information.
——————-
Societe Generale-Owned Bank Launches Blockchain Exchange Note
Kleinwort Hambros, a Societe Generale-owned private bank and wealth manager, has launched an actively managed exchange-traded note (ETN) targeting the blockchain sector.
The London-based bank announced the news on Monday, saying its Luxembourg-listed ETN will invest in companies that could “profit most†from the development and increasing uptake of blockchain technology.
ETNs are unsecured debt securities that, like exchange-traded funds (ETFs), are traded on a stock exchange.
The blockchain note will initially have 20 stocks diversified across areas including technology, shipping, oil and gas, custody and industrials.
Kleinwort Hambros’ portfolio manager John Birdwood said:
“We have seen increasing interest from clients in the area of
blockchain and we are very excited to be able to cater to this demand
with the launch of our first blockchain note.â€
The product will provide its clients with the “diversified exposure
to the promising growth prospects blockchain technology offers, while
maintaining the rigorous active management,†Birdwood added.
It’s worth noting that the ETN will be only available for Kleinwort
Hambros’s existing and new clients, with a minimum investment of £1,000
($1,305).
The centuries-old bank has assets under management of £14.2 billion
($18.52 billion) and over 900 employees as of last year, according to
its own figures.
In similar news, investment management company Invesco and Elwood Asset Management jointly launched a blockchain exchange-traded fund (ETF) on the London Stock Exchange last month.
The crypto community’s ongoing wait for a bitcoin ETF, however, is
still awaiting a decision from the Securities and Exchange Commission in
the U.S. However, several exchange-traded products (ETPs) for bitcoin and other cryptos have gone live for trading in Europe.
Posted by AGORACOM-JC
at 9:00 PM on Sunday, April 7th, 2019
SPONSOR: ThreeD Capital Inc. (IDK:CSE) Led by
legendary financier, Sheldon Inwentash, ThreeD is a Canadian-based
venture capital firm that only invests in best of breed small-cap
companies which are both defensible and mass scalable. More than just
lip service, Inwentash has financed many of Canada’s biggest small-cap
exits. Click Here For More Information.
——————-
Davos Report: Over 40 central banks worldwide are experimenting with blockchain technology
Several central banks are looking into experimenting with cryptocurrencies
The degree of blockchain technology research and experimentation varies greatly among central banks, as do the motivations for interest.
The central banks use permissioned blockchain network to create their CBDCs
As per a new report by the World Economic Forum, over 40 central
banks around the world are experimenting with blockchain technology.
Ashley Lannquist, a project lead in blockchain and distributed ledger
technology at the World Economic Forum and the primary author of the
report, believes that “It’s very much the case that several central
banks are looking at this [experimenting with cryptocurrencies].â€
The report states that the degree of this experimentation varies greatly among banks:
“The degree of blockchain technology research and experimentation
varies greatly among central banks, as do the motivations for interest.
Some central banks are progressive, having begun research and
experimentation as early as 2014 and having conducted multiple pilots or
even deployments. Another set of institutions is curious and interested
in the technology but largely monitors activity by peer institutions
and within the private sector, including cryptocurrency investing
activity. A final set has not yet dedicated resources to blockchain
technology research and may never do so, either because of pressing
priorities or the view that DLT at this stage does not promise
sufficient upside when considering technological immaturity and risks.â€
The report states how these central banks implement their CBDC pilots:
“In many of these CBDC pilots, the central bank issues digital tokens
on a distributed ledger that represent, and are redeemable for, central
bank reserves in the domestic currency held in a separate account with
the central bank. The agents in the system use the CBDC to make
interbank transfers that are validated and settled on the distributed
ledger.â€
The central banks prefer permissioned blockchain networks to create their CBDCs:
“The central banks typically use “permissioned†blockchain network
implementations, whereby participants are limited and must be granted
access to participate in the network and view the set of transactions.
The central bank chooses, according to suitability and availability,
the type of network and its internal mechanisms (most importantly, the
decentralized consensus mechanism the network uses for participants to
reach agreement on valid transactions). R3’s Corda, the Linux
Foundation’s Hyperledger Fabric, J.P. Morgan’s Quorum, or a simple
private configuration of the Ethereum blockchain network are the most
popular implementations used by central banks.â€
Posted by AGORACOM-JC
at 9:00 PM on Sunday, March 24th, 2019
SPONSOR: ThreeD Capital Inc. (IDK:CSE) Led by
legendary financier, Sheldon Inwentash, ThreeD is a Canadian-based
venture capital firm that only invests in best of breed small-cap
companies which are both defensible and mass scalable. More than just
lip service, Inwentash has financed many of Canada’s biggest small-cap
exits. Click Here For More Information.
——————-
Blockchain Adoption Keeps Booming: China’s Alibaba Serious Partnership To Promote Blockchain Development
Chinese internet conglomerate Alibaba has signed a strategic with software development company Aerospace Information Co. to collaborate and leverage their expertise in cloud computing, smart industries, blockchain and more.
The 2 parties will be cooperating in several different ways.
China’s Securities Daily
publication notes how the two will work on such things as taxes and
finances for Small and Medium Enterprises (SMEs), and government
integration for innovative solutions for authorities:
In the field of fiscal and taxation,
the two sides will expand the application scenarios and explore and
develop innovative products for SMEs. In the field of government
affairs, we explore the integration and innovation of government
solutions around the “Internet + government servicesâ€. In the field of
blockchain, we will jointly provide cloud solutions to promote the
development of the blockchain industry. In the field of enterprise
market services, we will coordinate the implementation of credit
reporting services and smart mobile office services.
It’s clear that both companies are
focused on the long-term development of blockchain and its applications
in a a variety of industries.
The internet giant has an Alibaba Cloud Blockchain-as-a-Service (BaaS)
service which lets businesses build their own blockchain-based
platforms and manage deployment, maintenance and operation conveniently.
The service is based on Hyperledger Fabric.
The company has also made several other moves to promote blockchain technology, financing a variety show in which the use cases of blockchain technology were showcased.
China is very keen on digitizing its economy and building the smart cities of the future. The VeChain project has been associated with the Chinese nation to help in achieving this goal. Waltonchain has also partnered with Chinese entities with the intention of using blockchain technology to develop cleaner cities.
Posted by AGORACOM-JC
at 4:00 PM on Wednesday, March 13th, 2019
SPONSOR: ThreeD Capital Inc. (IDK:CSE) Led by
legendary financier, Sheldon Inwentash, ThreeD is a Canadian-based
venture capital firm that only invests in best of breed small-cap
companies which are both defensible and mass scalable. More than just
lip service, Inwentash has financed many of Canada’s biggest small-cap
exits. Click Here For More Information.
——————-
Kakao’s Blockchain Arm Raises $90 Million in Private Token Sale
Ground X, the blockchain subsidiary of South Korean messaging giant Kakao, has raised $90 million in a private coin offering.
As reported by Bloomberg on Monday, Ground X CEO Jason Han said that IDG Capital, Cresendo Equity Partners and Translink Capital had participated in the round.
The firm is also reportedly planning to raise “a similar sum†in another round starting Tuesday, before launching its blockchain platform in June.
Kakao first revealed its plan to set up a blockchain subsidiary back in March 2018, soon after confirming that it had launched Ground X to develop a blockchain-powered platform as a foundation for application developers. Kakao’s top execs said at the time that the plan was to integrate future blockchain-based services with Kakao’s existing internet offerings, such as the Kakao Talk messaging app.
Ground X launched
a test network (or testnet) for its proprietary blockchain network,
dubbed Klaytn, last autumn. It has already partnered with 26 companies
that aim to run apps on Klaytn, Han told Bloomberg. These include South
Korean video game developer Wemade and video streaming platform Watcha,
as well as a unit of Chinese travel agency Zanadu.
The subsidiary has also said it
will work with the Seoul Digital Foundation, an organization created by
the Seoul Metropolitan Government, to develop blockchain projects
focusing on social and public services.
Ground X could be summed up as “partial or gradual decentralization,†Han told CoinDesk Korea last year, adding that some of Kakao’s services could be decentralized.
He added:
“The token economy is a business model that no one could have
imagined before. Until now, Kakao has only operated in Korea, but
through blockchain we could expand into the global market. That means
taking a portion of the profits we earn as an intermediary and using it
to expand our market by sharing it with users.â€
Posted by AGORACOM-JC
at 8:58 AM on Tuesday, March 12th, 2019
Polymath formed a consortium in close collaboration with KABN (www.kabn.network),
Polymath is leading the effort to make it easier for organizations to create digital securities from traditional assets through partnerships and a community that supports a transparent and compliant process for issuers and investors
TORONTO & SAINT MICHAEL, Barbados & GIBRALTAR — Polymath (www.polymath.network), the global leader in software solutions that enable assets to be digitized, distributed, fractionally owned, and ultimately liquidated, has formed a consortium in close collaboration with KABN (www.kabn.network), a global financial services platform that has developed, among its suite of products, a patent pending, blockchain based, GDPR compliant, Always On, global identification and accreditation as a support service for investors and other types of contributors.
Polymath is leading the effort to make it easier for organizations to
create digital securities from traditional assets through partnerships
and a community that supports a transparent and compliant process for
issuers and investors. Through its extensive service provider network
with firms like KABN, Polymath provides security token issuers with
access to top quality service providers.
“Our solution supports the creation of digital securities from a wide range of traditional and non-traditional assets,†said Kevin North, CEO of Polymath.
“The intention of this partnership is to create a best practice model
for customers who need help with the full lifecycle of an STO (Security
Token Offering). In this model, the issuer would work with an integrated
network of providers who are committed to ensuring that offerings are
compliant with securities laws, rules, and regulations across multiple
jurisdictions and trading platforms, increasing the value proposition by
reducing the distance and friction between investors and issuers. To
date, the full STO path is not clear for most of our issuers, so we
formed this partnership with the intention of making this a less
daunting journey.â€
KABN will also be the first organization to launch its digital
securities offering using this process. More information about the KABN Security Token Offering can be found at: www.KABNtoken.com
“Working with Polymath, KABN supports the compliance requirements for digital securities with its Always On
solution providing a faster, better and more economical solution for
issuers and investors to validate and verify identity, KYC and AML, and
manage liquidity programs,†said Ben Kessler, CEO of KABN.
“KABN is also the first company to tokenize its company assets and
create digital securities with this process, proving the model and
paving the way for others to do the same in a manner that meets
jurisdictional securities rules and regulations and supports a value
proposition for stakeholders, the Blockchain community, issuers and
investors.â€
Polymath and KABN are receiving overwhelming support from the capital
markets and blockchain communities as it introduces the framework to
program partners to advance the creation of digital securities and make
it easier for issuers and investors to interact through decentralized
platforms globally.
Together with Pegasus Fintech (Gibraltar) Limited, a consultant
organization, a consortium of Professional Service providers, Broker
Dealers, Blockchain Developers, Exchanges, Authorized Agents and other
Solution Providers have committed to supporting this process and the
KABN Token offering. The initial parties committing their support to
this growing consortium include:
Polymath Network (Polymath) is a decentralized platform that makes it
easy to create security tokens. The platform simplifies the complex
technical challenges of creating a security token and aims to bring the
multi-trillion dollar financial securities market to the blockchain.
KABN, a integrated financial service platform offering neo banking
type solutions, has received approval by Visa to launch its
crypto-linked card and banking wallet program. KABN has partnered with
Transact Payments Ltd, a European e-money institution and Principal
Member of Visa, global processor GPS and platform technology provider
Panovate to launch the program in the UK and subsequently the EEA in the
2nd quarter of the year.
Branded the Pegasus Flyte Visa card, the KABN card program offers an
“on/off ramp†conversion process for a variety of cryptocurrencies to
fiat together with multi-currency fiat transactions. Cardholders will be
able to use their Pegasus Flyte Visa cards to spend in-store, online,
and at ATMs wherever Visa is accepted globally.
The Pegasus Flyte program will also offer a robust loyalty and
customer engagement platform. The anchor of the program is KABN ID, a
Blockchain and biometrically-based, “Always On†validation and
verification process. This patent-pending, GDPR compliant process allows
for efficient and frictionless customer acquisition and onboarding.
Pegasus Fintech is a full-service Blockchain, technology and
accelerator growth advisory that supports regulatory compliant programs
and offerings.
Forward-Looking Statements: Except for
historical matters contained herein, statements made in this press
release are forward-looking statements. Without limiting the generality
of the foregoing, words such as “mayâ€, “willâ€, “toâ€, “planâ€, “expectâ€,
“believeâ€, “anticipateâ€, “intendâ€, “couldâ€, “wouldâ€, “estimateâ€, or
“continueâ€, or the negative other variations thereof or comparable
terminology are intended to identify forward-looking statements.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors, which may cause our actual results,
performance or achievements to be materially different from any future
results, performance or achievements expressed or implied by the
forward-looking statements. Also, forward-looking statements represent
our management’s beliefs and assumptions only as of the date hereof.
Except as required by law, we assume no obligation to update these
forward-looking statements publicly, or to update the reasons actual
results could differ materially from those anticipated in these
forward-looking statements, even if new information becomes available in
the future.
Tags: Bitcoin, bloc, blockchain, code, hive, Polymath Posted in Blockchain stocks, KABN | Comments Off on Polymath and #KABN Announce Consortium to Accelerate the Creation, Distribution, and Management of Digital Securities Across Multiple Jurisdictions and Platforms $HIVE.ca $BLOC.ca $CODE.ca