Tokenisation of Real Estate

BBFTA News Editor | March 22, 2019 | PERMALINK

There are a number of companies that are working on projects to tokenise Real Estate as it is believed that using a Digital Asset, they can offer fractional ownership (a share/a unit) of a property or a property fund.

The ability to trade tokenised property 24/7 on an exchange is touted as a way to improve liquidity for the property sector. Investing in property tends to be for the very wealthy or for institutional investors, given property values and the illiquid nature of buying and selling buildings and the fact that investors tend to buy and hold real estate for a number of years. 
Asset managers have for years offered ‘funds’ to encourage investors to gain exposure to the property sector, but often these funds have restrictions when you come to sell and this can result in some of them...

The ability to trade tokenised property 24/7 on an exchange is touted as a way to improve liquidity for the property sector. Investing in property tends to be for the very wealthy or for institutional investors, given property values and the illiquid nature of buying and selling buildings and the fact that investors tend to buy and hold real estate for a number of years. 
Asset managers have for years offered ‘funds’ to encourage investors to gain exposure to the property sector, but often these funds have restrictions when you come to sell and this can result in some of them trading at a discount to their actual value of the properties they hold. 
Swiss firm Blockimmo now claim to be the first in Europe to launch tokenised real estate. If Real Estate tokenisation does create greater liquidity and allow 24/7 trading so attracting new investors, we will likely soon see tokenisation of existing real estate portfolios, raising new funds to invest in this asset class.

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Blockchain

Real Estate

https://150sec.com/swiss-startups-pioneer-euro...ale/10687/

Sharon Henley

7 Years Ago |

One of our Founders at British Blockchain & Frontier Technologies Association, Laura Rachel Bailey will be speaking at #BlockchainExpo in London’s Olympia Grand on 25-26 April. Tickets are still available: https://blockchain-expo.com/global/blockchain-speakers 

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Jonny Fry

7 Years Ago |

UK Parliament looks at Ten examples of how Blockchain technology can help the economy- The All Party Parliamentary Group on Blockchain (APPG Blockchain) that has been running workshops since January 2018 and has helped increase the awareness with MPs about the challenges and opportunities that Blockchain technology offers. The APPG Blockchain events, coordinated by the Big Innovation Centre has led this week to a show case in Parliament for ten companies to illustrate how Blockchain technology could impact and in some cases is already changing the way that business is carried out. Ten companies explained how they were using Blockchain technology...

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Sharon Henley

7 Years Ago |

Arguably one of the best blockchain events of 2018 was HealthcareUnblocked. It's back for 2019! 

Not yet another blockchain event in which big egos like to hear the sound of their own voice (Yes, there are way too many of them) but an event in which real world applications of blockchain are discussed, dissected and presented to give you the good, the bad and the ugly in a way that helps you understand how to navigate this exciting new world of blockchain and deliver your own blockchain projects.
Get early bird tickets or apply to speak before it's too late!

You'll even get...

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Paxos Having Launched a US$ Stablecoin Now Focus on a GOLD-backed Coin

BBFTA News Editor | March 22, 2019 | PERMALINK

They say ‘there’s nothing new under the sun’... We’ve had gold-backed currencies for thousands of years.

The UK’s Royal Mint itself, a thousand years old, was by far first out of the blocks in the modern, digital, era, until RMG (Royal Mint Gold), until it was ‘paused’ at the last minute. This was followed in May 2017 by a firm in Dubai aiming to sell 12 million coins worth over $550million. However, Paxos, who claim to be the first new trust company in America created since the 2008 financial crisis, raised $65million in May 2017 and now run the fourth largest Stablecoin by market capitalization worth $113m.

Paxos is now using their experience to launch a Stablecoin,...

The UK’s Royal Mint itself, a thousand years old, was by far first out of the blocks in the modern, digital, era, until RMG (Royal Mint Gold), until it was ‘paused’ at the last minute. This was followed in May 2017 by a firm in Dubai aiming to sell 12 million coins worth over $550million. However, Paxos, who claim to be the first new trust company in America created since the 2008 financial crisis, raised $65million in May 2017 and now run the fourth largest Stablecoin by market capitalization worth $113m.

Paxos is now using their experience to launch a Stablecoin, later this year, which will be backed by gold deposits held in a vault - allowing traders the ability to trade gold 24/7, currently not possible. Paxos also plans to expand the use of its service to tokenise and asset type, including stocks and bonds “to move assets and settle transactions more quickly and securely and with lower fees”.

In the same way, we have recently seen BitBond in German tokenise bonds and Nivaura and GlobalCap in London.

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Bitcoin

Digital Assets

http://fortune.com/2019/03/11/gold-cryptocurren...lockchain/

The Port of Marseilles to Use Blockchain to Handle Logistics

BBFTA News Editor | March 21, 2019 | PERMALINK

Marseilles, the Mediterranean’s second busiest port and Frances largest, is using Blockchain technology to improve the efficiency of its supply chains and the way it handles freight and goods, looking at how it can make better use and share data in a highly secure manner. 

A number of ports are now using Blockchain technology, IBM and Maersk have a system that involves a number of organizations that are able to track in real time shipping data and shipping documentation. 
Meanwhile, Rotterdam, Europe’s largest port, has a Blockchain initiative with bank ABN Amro and Samsung as they look at how to make the shipping of containers more efficient. Currently, there is an average of 28 different organizations involved in transport of one container from China to Europe. 
Shipping containers account for over 66% of all goods transported globally and the items they transport are valued at over $4...

A number of ports are now using Blockchain technology, IBM and Maersk have a system that involves a number of organizations that are able to track in real time shipping data and shipping documentation. 
Meanwhile, Rotterdam, Europe’s largest port, has a Blockchain initiative with bank ABN Amro and Samsung as they look at how to make the shipping of containers more efficient. Currently, there is an average of 28 different organizations involved in transport of one container from China to Europe. 
Shipping containers account for over 66% of all goods transported globally and the items they transport are valued at over $4 trillion worth of goods p.a. so efficiencies can make a huge impact. 

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Blockchain

Logistics And Supply Chain

Supply Chain

https://bitcoinexchangeguide.com/french-governm...ics-pilot/

Blockchain Improving Food Supply Chains in the USA

BBFTA News Editor | March 21, 2019 | PERMALINK

Bumble Bee, one of America’s largest food supply companies, has announced that they are partnering with SAP and using its cloud-based Blockchain technology platform.

Customers will be able to scan QR codes on the packaging with a smartphone to trace the journey of yellow-fin tuna when shopping, tracking the journey from the ocean to the shelf, providing traceability and so greater transparency and assurance that the fish is fresh and coming from sustainable sources – as they will know where and when it was caught.

Also in the USA Seattle-based Transparent Path, and Penta Network, from Los Angeles, have joined forces to offer greater traceability to shoppers and food producers. The aim is to quickly be able to track food supplies so reducing risks...

Customers will be able to scan QR codes on the packaging with a smartphone to trace the journey of yellow-fin tuna when shopping, tracking the journey from the ocean to the shelf, providing traceability and so greater transparency and assurance that the fish is fresh and coming from sustainable sources – as they will know where and when it was caught.

Also in the USA Seattle-based Transparent Path, and Penta Network, from Los Angeles, have joined forces to offer greater traceability to shoppers and food producers. The aim is to quickly be able to track food supplies so reducing risks related to food-borne illnesses, and giving customers greater knowledge of how and where the food they are buying has been produced.

Such projects are becoming more and more common globally as consumers demand information of sustainability, provenance and higher food standards, especially in the light of an 83% rise in some meat and chicken product recalls over concerns around potential pathogens and food-based contaminants in the US last year.

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Blockchain

Food & Beverages

http://xparent.io/food-startups-transparent-pat...duce-risk/

Germany to Set Up a Register as They Aim to Expand Blockchain-based Businesses

BBFTA News Editor | March 20, 2019 | PERMALINK

The German government has issued a paper laying out how it wishes to encourage the spread of Blockchain businesses and “electronic instruments “ i.e. Digital Assets.

They want to ensure that investors are protected while expanding Germany’s global role - so that they’re not left behind in these sectors. 
Interestingly, German firm Naga was the first publicly listed company in Europe to carry out an Initial Coin Offering ( ICO), in 2017 when it raised Euros 40m from over 50,000 investors.
This announcement from the German government comes hot on the heels of its financial regulator, BaFin confirming that they have approved BitBond to issue Digital Bonds. This will be Europe’s first fully regulated Security Token. Bitbond has already issued $15m of loans and its platform has over...

They want to ensure that investors are protected while expanding Germany’s global role - so that they’re not left behind in these sectors. 
Interestingly, German firm Naga was the first publicly listed company in Europe to carry out an Initial Coin Offering ( ICO), in 2017 when it raised Euros 40m from over 50,000 investors.
This announcement from the German government comes hot on the heels of its financial regulator, BaFin confirming that they have approved BitBond to issue Digital Bonds. This will be Europe’s first fully regulated Security Token. Bitbond has already issued $15m of loans and its platform has over 165,000 registered users. So like Naga seems to be attracting considerable interest from investors. 
The issuing of bonds using Blockchain technology is believed to be able to reduce the associated costs by over 60% so ought to enable smaller companies to be able to offer bonds creating an alternative source of finance. 
If issuing bonds using Blockchain technology is successful in reducing costs and allowing SMEs to issues bonds, then the Peer To Peer (P2P) lending market could face new competition. The P2P market is expected to grow to nearly $900 Billion by 2024. 

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Blockchain

ICO

Security Token

Digital Assets

https://www.devdiscourse.com/article/internatio...egulations

Sharon Henley

7 Years Ago |

An Exclusive offer for BBFTA Members.

In conjunction with Blockpass, the BBFTA is pleased to offer our members a £10 discount off an early bird ticket to the Blockpass Security Token Seminar. (£20 instead of £30!)

https://www.eventbrite.com/e/blockpass-security-token-seminar-tickets-56810088504 
Use code: BBFTA10

Wednesday 24 April 2019, 9am - 5pm
Prospero House, 241 Borough High St, London SE1 1GA

Description
In 2019, Blockpass is launching a series of leading security token events to help educate and inform business, investors and policymakers wishing to explore this trend and to help build the community that will drive the security token ecosystem of the future. This event in London is the second in a series which...

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Asset Manager Invesco Launches a Blockchain ETF on the London Stock Exchange

BBFTA News Editor | March 20, 2019 | PERMALINK

The $800 Billion fund manager company Invesco has launched an Exchange Traded Fund (ETF) on the London Stock exchange that will be investing in 48 different companies that have exposure to Blockchain technology.

The EFT will be investing in business such as microchip manufacturers, financial services companies, and IT firms that are using Blockchain technology. While the EFT will not be investing in actual Cryptocurrencies right now, it will have exposure to organizations that are building the infrastructure that Digital Assets require to gain wider adoption. While Invesco’s EFT will not be investing in Cryptos to trade Digital Assets, it is another sign of the importance that Blockchain is beginning to have on institutional investors.

As fund managers gain a better understanding of Blockchain and its ability to improve efficiency and profitability for companies,...

The EFT will be investing in business such as microchip manufacturers, financial services companies, and IT firms that are using Blockchain technology. While the EFT will not be investing in actual Cryptocurrencies right now, it will have exposure to organizations that are building the infrastructure that Digital Assets require to gain wider adoption. While Invesco’s EFT will not be investing in Cryptos to trade Digital Assets, it is another sign of the importance that Blockchain is beginning to have on institutional investors.

As fund managers gain a better understanding of Blockchain and its ability to improve efficiency and profitability for companies, we expect to see more money finding its way into Digital Assets as the old barriers preventing asset managers buying into Digital Assets i.e. banking facilities, Professional Indemnity Insurance, independent custody services or regulated exchanges, are now being removed.

The infrastructure for fund managers is broadly in place. This is why we are now seeing more Security Tokens being launched and no doubt we will soon see new funds launched to invest in this NEW asset class.

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Blockchain

Cryptocurrency

Digital Assets

https://www.coindesk.com/a-blockchain-etf-is-la...ange-today

Traditional Banks Laundered $2TRILLION in 2018

BBFTA News Editor | March 19, 2019 | PERMALINK

Yes, $2 Trillion was laundered by regulated banks last year according to a recent report, yet banks remain resistant to offer banking services to firms involved in Cryptos.

Despite claims that 90% of all US$ banknotes have traces of Cocaine on them, banks and regulators still believe those in our society that want to carry out nefarious activities are using Crypto, not cash. But why would someone carrying out a criminal activity want to use a form of payment that leaves a digital footprint - a Crypto, when cash leaves no traces and banks seem to still be accommodating these activities?

Since 2008 banks have been fined over $26Billion JUST for KYC/AML non-compliance, with the USA regulator being the most active. While in Europe the UK’s FCA has...

Despite claims that 90% of all US$ banknotes have traces of Cocaine on them, banks and regulators still believe those in our society that want to carry out nefarious activities are using Crypto, not cash. But why would someone carrying out a criminal activity want to use a form of payment that leaves a digital footprint - a Crypto, when cash leaves no traces and banks seem to still be accommodating these activities?

Since 2008 banks have been fined over $26Billion JUST for KYC/AML non-compliance, with the USA regulator being the most active. While in Europe the UK’s FCA has imposed the largest number of fines. It is no surprise that many claim the current system needs to change, and while it was refreshing to see the FCA being proactive creating the FCA sandbox in 2016 where it allows regulated companies to trial new technology, which hopefully can improve the robustness of the financial system, more recent moves have called their ongoing commitment to innovation into question.

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Banking

Crypto

Cryptocurrency

https://www.btcwires.com/c-buzz/regulated-banks...-adoption/

Investing in Blockchain and Digital Assets Funds Continue to Attract Capital

BBFTA News Editor | March 19, 2019 | PERMALINK

San Francisco based Forte has just been given $100 million by Ripple to invest in Blockchain gaming companies.

Gaming is seen as an attractive sector that can use Blockchain and Digital Assets. It is a $140Billion industry and growing fast.

Chinese company Tencent have been active buyers of online gaming companies, so offers an exit to many emerging firms in the gaming sector according to UBS. China looks to be well positioned as it expects its gaming industry to grow to three times its current size by 2030. Tencent distributes some of the most played games in the industry and is the largest video game company in the world based on game sales. In 2018 over $1.3billion was...

Gaming is seen as an attractive sector that can use Blockchain and Digital Assets. It is a $140Billion industry and growing fast.

Chinese company Tencent have been active buyers of online gaming companies, so offers an exit to many emerging firms in the gaming sector according to UBS. China looks to be well positioned as it expects its gaming industry to grow to three times its current size by 2030. Tencent distributes some of the most played games in the industry and is the largest video game company in the world based on game sales. In 2018 over $1.3billion was invested into Blockchain projects from Venture capitalists. Considerably more than in 2017.

This trend is continuing according to Tim Bird, corporate partner at lawyers Field Fisher, who claims that “Blockchain is still one of the Top 5 sectors VCs are investing in at the beginning of 2019”.

Meanwhile, we are seeing Initial Coin Offerings (ICOs) and Security Token Offering (STOs) being used to help finance Blockchain powered businesses which, on the whole, are far better structured and thought through propositions compared to those seem a year ago.

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Capital Markets

Digital Assets

https://www.growthbusiness.co.uk/top-5-sectors-...9-2556086/

Institutional Platform to Allow High-frequency Traders Access to Cryptos

BBFTA News Editor | March 18, 2019 | PERMALINK

Specialist financial instruments exchange, Drive, has announced they are now offering institutional clients access to spot prices, CFDs and Futures in a selection of Cryptocurrencies.

This ought to help provide greater liquidity and acceptance among institutional investors as it enables them to easily go long or short of a variety of Cryptocurrencies via a platform that they are already using, so gain exposure to Digital Assets by osmosis.

The pronouncement from SEC Chair Clayton has confirmed that certain cryptocurrencies, like Ethereum and Bitcoin, are not securities and has provided the clarity many have been seeking. Which ought to assist lawyers, insurance underwriters and compliance departments at asset management firms as to where and how these Digital Assets can be used.

Meanwhile, back in main street...

This ought to help provide greater liquidity and acceptance among institutional investors as it enables them to easily go long or short of a variety of Cryptocurrencies via a platform that they are already using, so gain exposure to Digital Assets by osmosis.

The pronouncement from SEC Chair Clayton has confirmed that certain cryptocurrencies, like Ethereum and Bitcoin, are not securities and has provided the clarity many have been seeking. Which ought to assist lawyers, insurance underwriters and compliance departments at asset management firms as to where and how these Digital Assets can be used.

Meanwhile, back in main street in the US, or as some would say in the UK for ‘Joe Public’, of those that own Digital Assets like Bitcoin less than 40% said they were happy to use Cryptos for payments. So while adoption of Digital Assets is increasing there is still a long way to go before we see cryptos replacing cash…

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Cryptocurrency

Financial Services

Digital Assets

https://www.leaprate.com/forex/institutional/dr...th-gold-i/