TheTokenist News: Formerly iStockAnalyst.com
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Blockchain
Paxos, Credit Suisse Facilitate First US Equities Settlement on Blockchain
On February 20th, 2020, Paxos announced the operational launch of a new service: Paxos Settlement Service. In collaboration with Switzerland-based Credit Suisse and Nomura-owned broker-dealer Instinet, the first U.S.-listed equities have been settled using blockchain technology. Paxos Settlement Service Explained In late 2019, the U.S. SEC granted Paxos a no-action letter allowing the company to...
Blockchain
Q&A: Openfinance Co-CEO Explains How Security Tokens Now Reach Non-Accredited Investors
On February 19th, 2020, Openfinance announced a security token listed on its Alternative Trading System (ATS) is now available to non-accredited investors. Openfinance Co-CEO Juan Hernandez sat down with The Tokenst to discuss the industry-wide milestone — and what it will take to see similar activity in the future. The Struggle to Increase Investor Access...
Blockchain
BitGo Acquires Security Token Platform Harbor in Industry First
On February 18th, 2020, digital asset custodian BitGo acquired Harbor, a securities tokenization platform. Through the acquisition, BitGo will extend beyond custodial services and break into the “issuing, trading, and transferring” of security tokens. The deal is set to make BitGo the world’s first company with broker-dealer, transfer agent, and qualified custodian licenses. BitGo Acquires...
Blockchain, Technology
Circle Looks to Sell Broker-Dealer SeedInvest, Focus on Stablecoin
As of February 12th, 2020, Circle is reportedly looking to sell SeedInvest. The firm acquired the crowdfunding platform in late 2018 in what seemed to be an entrance into the security token industry. The company’s plans have now changed to focus on stablecoin developments and a banking platform-as-a-service. Circle Looking to Sell SeedInvest Explained Based...
Blockchain, Technology
Overstock Shareholders Vote to Approve Transition to Digital Dividends
On February 13th, 2020, Overstock.com shareholders voted to approve the company’s Series A-1 Preferred Stock dividend transition to digital shares. Investors can expect to receive the dividends no later than April of 2020. The shares will trade exclusively on tZERO’s Alternative Trading System (ATS). Overstock Shareholders Vote to Approve Digital Transition Earlier today, Overstock.com (OSTK)...













