Funding Platform SeriesOne Partners With Polymath to Use Its Security Token Protocol

United States-based crowdfunding platform SeriesOne has partnered with security token protocol platform Polymath, according to a press release published on March 19. The new partnership intends to create a digital securities offering ecosystem via the SeriesOne platform. According to the press release, the partnership between SeriesOne and Polymath will let token issuers create and manage regulatory-compliant security tokens from the initial offering stage to trading on a secondary exchange. SeriesOne CEO Michael Mildenberger expressed confidence that Polymath’s security token protocol, ST-20, is set to improve the process of raising capital…

Crypto Platform DX.Exchange Adds Secondary Trading of Security Tokens

DX.Exchange, an Estonia-based platform that soft-launched in January, has opened its market to secondary trading of security tokens.  Announced today, the exchange now allows companies to list their security tokens previously issued on other platforms. Institutional investors in Europe can purchase the tokens on the exchange for fiat, bitcoin, ether, tether and XRP. However, to start with, only one such token will be listed on DX.Exchange – its native IGWT token. Eventually, the platform’s co-founder Daniel Skowronski told CoinDesk, the company will roll out its own technology for asset tokenization, but for now,…

Sony and Fujitsu Develop Blockchain Platform to Fight Fake Educational Qualifications: Report

Japanese multinational conglomerate Sony and IT equipment services firm Fujitsu have created an encrypted database for educational proficiency documents, The Asahi Shimbun reports on Feb. 26. The database, which reportedly employs blockchain technology, is used to prevent forgeries of language proficiency documents, which some foreigners purportedly use to receive resident status to study in Japan. Foreigners must submit a Japanese language proficiency certificate to the Immigration Bureau in order to receive resident status to study in Japan. Said certificates can be issued by Japanese educational institutions abroad. Japanese language schools…

Will Amazon Ever Add Cryptocurrency to Its Platform? Maybe!

Around one-third of Americans use Amazon.com to buy just about everything. The company holds around 90 million US-based Prime members and the average subscriber spends around $1,000 annually on the site. The wide assortment of products at low prices has helped make Amazon one of the most valuable companies in the world. Except, its frequent shoppers want access to more products on its site, including medical marijuana, prescription drugs, and cryptocurrency. Amazon and Cryptocurrency Investing.com conducted a polled study of 1,000 Amazon shoppers and found that 13% were “OK” with…

Crypto Futures Platform ErisX Hires Execs From Barclays and YouTube

ErisX, a digital assets trading platform, has recruited three top-level officers from major companies in the financial and tech industries. Announced today, Robert Thrash joined the company as chief operating officer from Barclays, where he spent more than 11 years in various leadership positions. Most recently, he was the global bank’s managing director of agency derivatives services, a business that encompasses over-the-counter (OTC) derivatives clearing, futures execution and clearing and foreign exchange prime brokerage. Explaining his interest in the cryptocurrency markets, Thrash told CoinDesk: “Crypto sits at the intersection of technology, finance…

Kraken Advances U.K. Expansion With the Acquisition of Futures Platform

U.S.-based cryptocurrency exchange platform Kraken has completed the largest transaction in its history after it made its foray into the futures trading world with the acquisition of London-based Crypto Facilities. Jesse Powell, chief executive officer of Kraken, stated, “I’m thrilled to welcome the Crypto Facilities team into the Kraken family. Over the coming months, our teams will continue to enhance and expand these offerings. We’ve got great stuff in store for traders and institutional clients in 2019.” Kraken reports that it paid “nine figures” for Crypto Facilities, a company that…

Overstock’s tZERO Token Platform Has Officially Opened for Trading

Overstock.com’s much-anticipated security token trading platform, tZERO, officially began trading Thursday afternoon. The company announced in a press release that its secondary market for tZERO’s own security tokens had gone live, marking the first step toward trading other digital assets on the platform. Accredited investors can sign up to trade tZERO tokens through Dinosaur Financial Group, LLC, which is acting as the “introducing,” or customer-facing, broker-dealer. TZERO subsidiary Pro Securities LLC is providing the alternative trading system (ATS) to trade the tokens. Investors in the tZERO token offering have long…

Thai Stock Exchange Plans to Launch a Token Trading Platform

The Stock Exchange of Thailand (SET) is looking to capitalize on investor interest in cryptos by offering a new digital assets exchange. According to a report from Bangkok Post on Thursday, the SET is planning to apply for a license from the country’s Ministry of Finance to operate the platform. The move comes as the exchange looks to capture the growing investor demand for cryptos, Pattera Dilokrungthirapop, vice-chairwoman of the SET board of governors, said in the report. The stock exchange will work to have a sound technical system in…

Bittrex Launches Over-the-Counter Trading Platform for Bitcoin, Crypto

Major cryptocurrency exchange Bittrex will launch an over-the-counter (OTC) trading desk today, January 14, 2018, by 18:00 UTC. The service will allow investors to trade nearly 200 digital assets currently offered on the Bittrex trading platform. OTC trading is popular with institutional investors who trade in large volumes of cryptocurrencies. This form of crypto trading happens between two parties, and it takes place away from the exchanges. OTC trades are often handled via brokers, who offer high-volume traders a trading desk to execute large trades with a faster settlement and…

Leading Asian Online Retailer Qoo10 to Launch Merchant Fee-free Blockchain-Powered Ecommerce Platform

qoo10.sg A blockchain-based online marketplace built on the Ethereum protocol is set to be launched by ecommerce firm Qoo10 on January 1, 2019, Tech in Asia reports. Known as QuuBe, the blockchain-based marketplace comes with a cryptocurrency of its own dubbed the Q*coin. Currently, Q*coins, which are the only accepted means of payment on QuuBe for shoppers, can be purchased in 7-Eleven stores. Qoo10 does not expect to allow other cryptocurrencies to be used on QuuBe due to their volatility. Per the CEO of Qoo10, Ku Young Bae, the platform…