#tokenization

#switzerland and #liechtenstein improve their crypto friendly regulations to favour STOs
▻https://hackernoon.com/switzerland-and-liechtenstein-improve-their-crypto-friendly-regulations-

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Nowadays, tokenized securities are the hottest crypto topic. Of all possible tokenizations — debts, real assets or equities — catch the most interest. This despite the fact that it is really debt #tokenization that presents the “low hanging fruit”, because it is fairly straightforward to implement and it has very little regulatory constraints. In fact, the first EU debt tokenization was recently completed in Germany.Instead, the tokenization of equities is much more complex due to the amount of regulatory constraints.The regulatory hurdles to equity tokenizationUnderstandably, the tokenization of equities is highly appealing to VC firms, investment bankers, business angels, and SMEs; all salivating at the opportunities that this may bring.Nonetheless, although increased liquidity, tradability, (...)

#blockchain #security-token

Tokenized Equity with Josh Stein from Harbor
▻https://hackernoon.com/tokenized-equity-with-josh-stein-from-harbor-2ddecd0e2f4b?source=rss----

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Episode 34 of the Hacker Noon Podcast: An interview with Josh Stein of Harbor, a platform for tokenizing investments.Listen to the interview on iTunes, or Google Podcast, or watch on YouTube.▻https://medium.com/media/4be0c78c626c499abc98fb3640ce84ba/hrefIn this episode Trent Lapinski interviews Josh Stein from Harbor, a platform for tokenizing investments.“When we tokenize these shares (using #blockchain) we’re just taking it out of the back office of the company. We’re recording the shares on this giant excel spreadsheet in the sky we call Ethereum, or Blockchain. But it’s got these great properties, which is that it’s public, so you know that if this smart contract represents shares, there’s no double counting of shares. And, you no longer have to go to the company to record the transfer of (...)

#crypto #tokenization #investing #hackernoon-podcast

Tokenising All Of The World…
▻https://hackernoon.com/tokenising-all-of-the-world-660ea4dbae40?source=rss----3a8144eabfe3---4

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I wanted to talk to you today about a concept in digital currency which we bump into a lot, but can require a bit of explanation. That is the idea of tokenisation. This is a fundamentally disruptive idea (sorry, there’s that word again, but it’s true — the fortunate thing is, the disruption is largely at the institutional stage, with relatively little impact on you as the user).If you like, tokenisation is the disruption of moneySo to appreciate this, we have to first understand exactly what money is.Money can be understood in many ways, such as a store of wealth and value, and a way of accounting for things. Day to day though, money is our means of exchange — and this makes it very different from other forms of wealth such as property, or jewellery, or other kinds of assets like bullion or (...)

#all-of-the-world #digix #tokenization #token-economy #blockchain

Stablecoins are Modernizing Age-Old #money
▻https://hackernoon.com/stablecoins-are-modernizing-age-old-money-6473ba5b1bd0?source=rss----3a8

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Stablecoins are typically regulated and are pegged 1:1 to U.S. dollar (or other major fiat). Fiat reserves are audited by third party. Stablecoins provide relief from cryptos’ volatile prices. Photo credit: ShutterstockThe more things change, the more they stay the same. Innovation may bring new tech to forefront, but creative solutions can nonetheless be based on age-old practices.Cryptocurrencies designate ownership of funds via private keys: software code that are crucial in design of programmable monies. But written cyphers that grant financial control are similar to Micronesian stone money. For centuries, inhabitants of western Pacific island of Yap used disc-shape stones to record transactions and transfer ownership (of various assets) without physically moving the stone disc.Rai (...)

#blockchain #stable-coin #tokenization #fiat-currency

Should There Be a #blockchain for Security Tokens?
▻https://hackernoon.com/should-there-be-a-blockchain-for-security-tokens-4efc877ce044?source=rss

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OVERVIEW:A tokenized version of assets should be able to demonstrate three key properties on the blockchain: the underlying asset: the virtual representation of the asset; the ownership of the asset: the identity of the asset owners; and the compliance rules of the asset: the set of regulatory and compliance rules governing the ownership and transaction of the asset.Currently, privacy and compliance seem to be the major challenges in launching STOs. Depending on the jurisdiction, investors have to go through strict Know Your Customer (KYC) and Anti-Money Laundering (AML) processes to be compliant and eligible to invest and trade securities. However, due to the borderless, peer-to-peer, transparent and decentralized natures of cryptocurrency, some frictions exist between tokenized (...)

#tokenization #security-token-offering #digital-asset #security-token

Investing in the Security Token Ecosystem
▻https://hackernoon.com/investing-in-the-security-token-ecosystem-6a75e750beef?source=rss----3a8

I had the pleasure of presenting on the topic of “Investing in the Security Token Ecosystem” in January 2019 at the Security Token Realized conference in London. Below is a summary of some key ideas from the presentation. If you are interested in learning more about our insights and perspectives on investing in the space, check out the full video presentation here.I) Key Benefits of Security Tokens:Transparency & Programmability: Establishing trust between different parties is of vital importance locally, nationally, and globally. #blockchain is the ultimate cap table of “who owns what” and a record of all the previous transactions. Additionally with smart contracts, we can program compliance so that trades can automatically go through if the investors are compliant, else there would be (...)

#tokenization #cryptocurrency #security-token #cryptocurrency-investment

Fixing the $80M problem with “tokenization”
▻https://hackernoon.com/fixing-the-80m-problem-with-tokenization-5893e658d3a1?source=rss----3a81

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“Tokenization” is pitched as an efficient way to securitize small deals, under $80M. However, it suffers from a deep underlying problem, which is that small cap deals make bad security investments. They don’t consistently deliver profits for passive security buyers, and investors are not buying. If there is no way to package small offers for passive investors, then the current “tokenization” pitch is a dead end. Is your deal dead? In this article, we examine the size of the problem and propose some enhancements.The traditional private investment market works well. There are a lot of private deals under $80M, in which 1–20 fairly active buyers buy stakes and hold them indefinitely. The volume of offers that are “securitized” and distributed to less committed investors is vanishingly small in (...)

#tokenization #private-equity #venture-capital #investing #real-estate-investments

Asset #tokenization and Web Domains Are About to Make Autonomous Organizations a Reality.
▻https://hackernoon.com/asset-tokenization-and-web-domains-are-about-to-make-autonomous-organiza

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Asset Tokenization and Web Domains Are About to Make Autonomous Organizations a Reality. Here’s How.Despite last year’s slack in demand for digital currency, the future of #cryptocurrency remains promising — particularly as a secure, decentralized way to exchange currency for goods and services.But one of the most interesting developments in the #blockchain world is the emergence of asset tokenization: the process of using Blockchain to distribute and track ownership of real-world assets. The idea here is to use the distributed ledger of a blockchain to securely record ownership or partial ownership of an asset — like shares of a company. In theory, you could create a company that uses the blockchain to distribute payments in the form of partial ownership of the company itself. Contributors (...)

#autonomous-organizations #asset-tokenization

How Much Money Does Tokenisation Actually Save?
▻https://hackernoon.com/how-much-money-does-tokenisation-actually-save-af29a135496b?source=rss--

There is much talk about the benefits of tokenisation, primarily in application to capital markets (so-called “security tokens”). But how much benefit are we talking about? Let’s draw a quick outline, roughly.In the diagram above, you can see the typical equity #crowdfunding operator’s task. Grey circles are “sub-accounts”; the money goes through a sub-account from the particular investor to the particular project and back (as interest or dividends). Each horizontal line of sub-accounts represents a “project bank” where the money accumulates to reach the cap, to prepare for the quarterly distribution, etc.This function allows operators to easily manipulate money amongst separate “wallets” and it comes at a cost. But how much? Before we calculate, let’s note one thing: it seems pretty obvious, but (...)

#blockchain #token-economy #investing #tokenization

Will #everipedia Bring Respectability Back to the World of Online Encyclopedias?
▻https://hackernoon.com/everipedia-brings-respectability-back-to-the-world-of-digital-encycloped

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Everipedia, an extended fork of #wikipedia, is a blockchain-based #encyclopedia that returns integrity and democratization to its subjects on the internet.Photo Credit: EveripediaBritannica, Encarta, and Wikipedia — the three main digital encyclopedias of our time, have — in combination — provided us with an abundance of information and knowledge.Having been around for over 244 years, Britannica contained over 100,000 articles along with Merriam-Webster’s U.S. Dictionary and Thesaurus, but cost a fortune. It set the stage for competitors like Encarta (now discontinued) and Wikipedia to take the stage. Wikipedia has certainly become the most dominant alternative to the Britannica.Here we are: in the 21st century, sitting in front of a plethora number of black mirrors, screens, and electronic (...)

#brock-pierce #tokenization

Commercial Real Estate (CRE) #tokenization — What You Need To Know
▻https://hackernoon.com/commercial-real-estate-cre-tokenization-what-you-need-to-know-1c13f3d197

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Commercial Real Estate (CRE) Tokenization — What You Need To KnowThe blockchain is an immutable distributed ledger technology in which transaction data is recorded. Its benefits include transparency, traceability, accessibility, enhanced security, cost reduction of processes, and irrevocable documentation of the processes. More details on Blockchain applications can be found here.The ability of Blockchain-based processes in executing transactions without an intermediary or a clearinghouse very much suits a private market like real estate. The distributed ledger holds a history of a transaction, a property, an asset, or a title; it develops a digital secure identifier for a proposed transaction; and it offers an ability to transfer funds in new ways, for example using a digital encrypted (...)

#cre-token #cre-tokenization #security-token #commercial-real-estate

Should #commodities Be Tokenized?
▻https://hackernoon.com/should-commodities-be-tokenized-f16238143865?source=rss----3a8144eabfe3-

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What Are Commodities?Commodities are in general raw materials or good that are grown or mined. The commodities market is where they can be bought and sold, such as precious metals, gold, coffee beans, oil, grains, energy etc. People have been using physical commodities all around the world throughout history as forms of representing and storing wealth. Today, with large corporates, commodities are traded on the stock exchange, with trades in the millions of dollars worth changing hands constantly.How can #blockchain #technology Benefit the Commodities Market?Blockchain-based platforms and cryptocurrencies promise to improve the way the commodity-trading industry operates, addressing issues of trust, their inefficiencies and the complexity of transactions, which typically involve (...)

#blockchain-technology #tokenization

3 Real-World Use Cases of #blockchain Smart Companies
▻https://hackernoon.com/3-real-world-use-cases-of-blockchain-smart-companies-b8462fa009fb?source

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2019 — It’s time to Walk the Blockchain TalkIn the awakening of 2019, after some ups and downs in the crypto market (okay, mostly downs), it’s time to take a good look at the Blockchain community and explore its real-world applications.We’d like to take a step further in the game, and start the conversation about use cases of a Smart Company (SC).A quick pause — what is a Smart Company?Simply put, a Smart Company is a hybrid of real-world International Business Company (IBC) and Decentralized Autonomous Organization (DAO). Whereas a DAO is not legally recognized, a Smart Company is. Needless to say, this is an important distinction.As legally compliant entities, Smart Companies can provide significant advantages in the ownership structures of a company. Having all your shares as tokens offers a (...)

#compliance #entrepreneurship #tokenization #smart-contracts

Singapore’s Transition Into A Smart Nation Will Require ‘Smart Money’
▻https://hackernoon.com/singapores-transition-into-a-smart-nation-will-require-smart-money-82b4a

As we grow accustomed to the sight of everyday Singaporean moms and pops tap their phones at their local grocery outlet for payments, one can’t help but marvel at the pace and receptiveness at which our young nation has welcomed innovations in payments with open arms. This is especially resonating, considering the strategic focus which we have detailed towards planning out our e-payments infrastructure for the next five years.Perhaps this was always ingrained somewhere in our DNA. Lost between the sands of time was the fact that “money” at different points in Singapore’s history meant many different things; from Chinese Song dynasty coins in the 14th century, the Indian rupee and Mexican dollar during the early 19th century, to even a whole smattering of silver dollar coins produced by (...)

#ethereum #blockchain #stellar #smart-cities #tokenization

An Overview of STOs and Private Offerings in the US
▻https://hackernoon.com/an-overview-of-stos-and-private-offerings-in-the-us-f11906581872?source=

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You own a startup, or an office building in Manhattan, and you’ve heard a lot of buzz about turning your asset into a security token. You likely have many questions, such as “What is a security token?”, “Why should I use a security token?”, and “How do I do that?”. I am going to help answer those questions and explain why issuing a security token is just a faster, more modern, and more valuable extension of a traditional security issuance.What is a security token?A “security token” is legally identical to a traditional security. The only difference between a security and a security token is the manner in which ownership is recorded. Simply put, a security token is a security that has been turned into a digital asset on a #blockchain. If that sounds foreign to you, take a look at this helpful (...)

#cryptocurrency #tokenization #crowdfunding #digital-asset

Why You Need To Know The Security Token Value Chain (aka Yet Another Stack)
▻https://hackernoon.com/why-you-need-to-know-the-security-token-value-chain-aka-yet-another-stac

ICO’s Have All But Completely Exited Stage Left. Enter The Security Token?As the great cryptocurrency winter of 2018 extends its grip by yet another month, anecdotal evidence at various #blockchain conferences worldwide has been rife that a security token wave is on the cusp of forming. This new breed of digital assets is one that seeks to comply with existing regulators, rather than to subvert. Security tokens are are programmatically designed to be compliant with relevant regulations. In the words of influential crypto podcaster and fund manager Anthony Pompliano:If cryptocurrencies like Bitcoin are considered “programmable money” then you can consider Security Tokens a version of “programmable ownership.”With recent examples of assets being tokenized ranging from the St. Regis Aspen (...)

#ico #tokenization #ethereum #crowdfunding

#blockchain Powered Asset #tokenization Protocols Threaten Goldman Sachs’ Investment #banking Business
▻https://hackernoon.com/blockchain-powered-asset-tokenization-protocols-threaten-goldman-sachs-i

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Open innovation has a strong foothold in the tech industry. Big tech companies create application programing interfaces, or APIs, to tap into the knowledge base of outside software developers. By doing this, centralized companies are able to access external pools of knowledge that enhance the value of their own proprietary application. One prominent such example is Facebook’s ‘Like’ button API. Facebook made integrating the ‘Like’ free and easy because it let them tap into apps’ users, giving them access to massive data they didn’t have access to before.This type of open innovation isn’t unique to Facebook — most all tech companies do it. This isn’t, however, the case for all industries. Tech lies on one end of the open innovation spectrum while the financial sector lies on the other. This is (...)

#finance #bitcoin

A Brief #history of Tokens: A journey from the Past to the Distant Future
▻https://hackernoon.com/a-brief-history-of-tokens-a-journey-from-the-past-to-the-distant-future-

▻https://radikal.ru/lfp/s018.radikal.ru/i525/1202/d8/78a73615128b.jpg/htmTokens have come a long way from being a fancy concept developed by computer geeks dreaming about total decentralization to a billion dollar industry involving world-leading companies like BMW and Rakuten and various governments, including India. Lately, there have been a series of developments concerning the #tokenization of various assets, ranging from stocks to art pieces and everything in between. Companies use these tokens as bonuses and loyalty points, tokenize their stocks, or some go even further by listing them on various exchanges. Is this becoming a trend? If so how did we get here and what is the next step?What are tokens used for?Regardless of what platform they work on, the concept remains basically the (...)

#investing #bitcoin #blockchain

Security Tokens — a Win for #ethereum and #stellar?
▻https://hackernoon.com/security-tokens-a-win-for-ethereum-and-stellar-b5a9f4f75b11?source=rss--

San Francisco, CAAugust 6th, 2018I most recently came across the above Reddit post inquiring about EOS Security Token offerings.When prominent companies such as Science #blockchain (SCI) and SPIN (PIN) have decided to conduct ERC-20 security token offerings, it begs us to ask the question — why have other ecosystems neglected to market toward security token offerings to STO on their public blockchains? Other public blockchains that are now also bullish on the security token space include Stellar, which Sharespost GLASS partnered with last week — more on that here.My assumption is that the more conservative crowd that security token offerings would market to will likely prefer the most popular ERC-20 standard when first “dipping their toes” in and deciding on their first couple of investments to (...)

#tokenization #security-token

My Top 5 Favorite Applications of Tokenizing Real World Assets
▻https://hackernoon.com/my-top-5-favorite-applications-of-tokenizing-real-world-assets-ce256f5a9

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San Francisco, CAAugust 1st, 2018I will keep this post short, but I’ve been following the trend toward securitizing real assets for a while and I have come up with my five favorite use cases as well as articles that elaborate on each use case.1. Gold (Royal Mint Bullion):The Blockchain-based coin, called Royal Mint Gold (RMG), is a digital representation of gold stored in The Royal Mint vault.The Royal Mint Bullion, the Royal Mint company that sells physical gold, is the first company to allow customers to hold gold-backed assets on Blockchain, Tom Coghill, RMG’s Commercial Lead, stated in an interview with Express.co.uk. Coghill also mentioned that one RMG coin is equal to one gram of gold, adding that “it’s real gold you’re holding when you’re holding our RMG.” — Cointelegraph2. Real Estate (...)

#tokenizing-real-assets #tokenized-assets #tokenization #token-economy #security-token

Capturing crypto value: a guide to tokenisation strategies
▻https://hackernoon.com/capturing-crypto-value-a-guide-to-tokenisation-strategies-f17c72df4e5e?s

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IntroductionCrypto systems have the potential to create significant amounts of value through the provision of new services and the enhancement of existing. However, it is not clear how much of this value the tokens themselves will actually be able to capture. This series of posts will study tokenisation strategies, how effective they are at capturing value and how well they perform their intended role.Having established the traits of a less-valuable #token, we are then able to identify and suggest traits of more valuable tokens. I will refer to those displaying higher value traits as ‘true utility tokens’ and ‘equity-style security tokens’ and I will discuss both in detail in my next post. But for now, let’s start by looking at where things seem to have gone wrong…the ‘utility’ token.Part 1: (...)

#tokenisation-strategies #utility-tokens #tokenization-strategies #blockchain

#tokenization Use Case: Publisher Protection
▻https://hackernoon.com/tokenization-use-case-publisher-protection-21c47f76cefe?source=rss----3a

In the context of large-scale monetary disputes, the ad-blocking phenomenon has grown into a brutal panic mixed with malevolence and bias, producing an uncomfortable business space for many honest publishers.With this report, we try to resituate the ad-blocking phenomenon not as a user rebellion against the mothership of the “paid by ads free web”, but as one episode in a much larger cultural quarrel that promises a healthy evolution to improve content quality and accessibility.As an arms race of blockers versus anti-blockers and versus the limited prospects of anti-anti-blockers promises for all sides, we consider the modernisation of the middle player — anti-blockers (or publisher protection) business so it becomes a hybrid with a tokenized data management platform (DMP). We offer to (...)

#token-economy #publishing #advertising #blockchain

What the Heck Are Tokenised Securities?
▻https://hackernoon.com/what-the-heck-are-tokenised-securities-7cd1123cbdad?source=rss----3a8144

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There are a lot of claims going around in the crypto community that tokenized securities are about to revolutionize traditional finance. In light of such optimistic sentiment, it is worth drilling into exactly what the hoopla is all about.tl;dr;yes, there are good use cases for tokenizing securities but not the ones I am seeing shilled on social media.What is a #security?A security is a concept that is both legal and economic. From economic point of view, a security is essentially a claim on future cash flows of the issuing entity that can be exchanged for value and involves a degree of risk that the claim will not be repaid or fulfilled.From legal point of view, public sale of securities is highly regulated. An Initial Public Offering is an issuance of equity securities to the general (...)

#blockchain #ethereum #tokenization #tokenised-securities