Jonny Fry

7 Years Ago |

Germany to set up a register as they aim to expand Blockchain based businesses

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 they are not left behind in these sectors. Interestingly it was a German firm called Naga which 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 is hot on...

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New York bank to offer Crypto banking facilities in Bermuda

BBFTA News Editor | March 08, 2019 | PERMALINK

Signature bank of New York has announced that it is now offering bank accounts for businesses based in Bermuda that deal in Digital Assets.

There are believed to be over 60 companies that initially this will be of great assistance to, as despite the Bermuda government changing it’s law no locally based bank offer accounts in the Crypto sector. However, Signature bank claims that they are signing up companies that are also not involved with Cryptos.

The lack of banking facilities is a major hurdle facing businesses that deal in Digital Assets globally as it is extremely difficult to get a bank account in many jurisdictions around the world.In the UK Clearbank  which is the first bank in over 250 years to be granted...

There are believed to be over 60 companies that initially this will be of great assistance to, as despite the Bermuda government changing it’s law no locally based bank offer accounts in the Crypto sector. However, Signature bank claims that they are signing up companies that are also not involved with Cryptos.

The lack of banking facilities is a major hurdle facing businesses that deal in Digital Assets globally as it is extremely difficult to get a bank account in many jurisdictions around the world.In the UK Clearbank  which is the first bank in over 250 years to be granted clearing bank status, is one of the is one of the few banks to offer bank accounts to firms engaged in Digital Assets but the company needs to be FCA regulated or in the process of applying to the FCA to be accepted by Clearbank.

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Banking

Cryptocurrency

Digital Assets

https://coinfomania.com/signature-bank-services...n-bermuda/

London Stock Exchange invests and joins the board of a FinTech firm tokenising equities and bonds

BBFTA News Editor | March 07, 2019 | PERMALINK

Nivaura has secured $20m of fresh capital, with investors including The London Stock Exchange (LSE), Santander and the law firm Allen and Overy. LSE will also have one of their staff joining the Nivaura board.

Nivaura was the first company in the world in 2017 to issue a bond for a client using a Blockchain while in the UK FCA Sandbox and they claim that the time needed to issue bonds could be reduced by 60% by using Blockchain technology. They have recently been followed by BVVA in Spain who issued a bond using Blockchain technology to raise $160m.

If it proves to be so much cheaper to access the debt markets using Blockchains then bonds could become an option for SMEs to raise capital, which in turn could be competition for the Peer 2...

Nivaura was the first company in the world in 2017 to issue a bond for a client using a Blockchain while in the UK FCA Sandbox and they claim that the time needed to issue bonds could be reduced by 60% by using Blockchain technology. They have recently been followed by BVVA in Spain who issued a bond using Blockchain technology to raise $160m.

If it proves to be so much cheaper to access the debt markets using Blockchains then bonds could become an option for SMEs to raise capital, which in turn could be competition for the Peer 2 Peer lenders...

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Banking

Capital Markets

https://www.forbes.com/sites/michaeldelcastillo...1d0d146e46

Artificial Intelligence ICO raises $6million in 10 seconds

BBFTA News Editor | March 07, 2019 | PERMALINK

ICOs are still being used as a method to fund small businesses as demonstrated by Fetch.AI who attracted over 19,860 people register to buy and successfully raised $6million from 2,758 investors in 10 seconds.

Fetch.AI based in Cambridge in UK said they were “aiming to get as many people involved as possible so they limited the maximum number of tokens one could buy to only $3,000”. It is likely we will see a lot more firms using Digital Assets to raise relatively small amounts of capital; from platforms like Binance and Token Market

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Artificial Intelligence

ICO

Digital Assets

https://cryptonomist.ch/en/2019/02/15/binance-l...oken-sale/

Survey suggests millennials trust Bitcoin more than the stock market

BBFTA News Editor | March 06, 2019 | PERMALINK

Guy Hirsch, Managing rector of eToro U.S., sees the increased interest and investments in Digital Assets as a clear “generation shift."

He stated via press release: “we’re seeing the beginning of a generational shift in trust from traditional stock exchanges to crypto exchanges. At the heart of this change are the asset classes themselves.

Younger investors’ experience with the stock market has seen a great deal of loss of trust, with the fall of Lehman brothers...” One of the benefits of people investing in digital assets is that companies can know who their actual shareholders are and so have a relationship with them, and reward so offer them shareholder perks e.g. discounts off goods and services. This is almost impossible when...

He stated via press release: “we’re seeing the beginning of a generational shift in trust from traditional stock exchanges to crypto exchanges. At the heart of this change are the asset classes themselves.

Younger investors’ experience with the stock market has seen a great deal of loss of trust, with the fall of Lehman brothers...” One of the benefits of people investing in digital assets is that companies can know who their actual shareholders are and so have a relationship with them, and reward so offer them shareholder perks e.g. discounts off goods and services. This is almost impossible when shares are held as they currently are, in nominee structures.

Potentially companies could have no need for share registrars saving them money, as shareholders records can be updated in Real Time, which in turn would help regulators know who owns what which at the moment is impossible for a listed quoted company.

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Asset Management

Blockchain

Crypto

Digital Currency

Investment

Regulators

https://www.ccn.com/bitcoin-is-the-gateway-drug...illennials

Jonny Fry

7 Years Ago |

French Supermarket giant using Blockchain to trace their milk suppliers – Carrefour with over 12,300 stores in 30 countries has extended the ability for customers to track the provenance of it milk having offered this on previously on its chickens and tomatoes. Customers using their mobile phones will be able to track where Carrefour Quality Line (CQL) micro-filtered full-fat milk has come from. So giving consumers product traceability throughout the supply chain, starting with farmers, what the cows have been feed through to the shelves of the shop.

CQL enables consumers to know the GPS coordinates of farmers whose animals were milked. Furthermore,...

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London Stock Exchange invests and joins the board of a FinTech firm tokenising equites and bonds

BBFTA News Editor | March 06, 2019 | PERMALINK

Nivaura has secured $20m of fresh capital, with investors including The London Stock Exchange (LSE), Santander and the law firm Allen and Overy.

LSE will also have one of their staff joining the Nivaura board.
Nivaura was the first company in the world in 2017 to issue a bond for a client using a Blockchain while in the UK FCA Sandbox and they claim that the time needed to issue bonds could be reduced by 60% by using Blockchain technology. They have recently been followed by BVVA in Spain who issued a bond using Blockchain technology to raise $160m.
If it proves to be so much cheaper to access the debt markets using Blockchains then bonds could become an option for SMEs to...

LSE will also have one of their staff joining the Nivaura board.
Nivaura was the first company in the world in 2017 to issue a bond for a client using a Blockchain while in the UK FCA Sandbox and they claim that the time needed to issue bonds could be reduced by 60% by using Blockchain technology. They have recently been followed by BVVA in Spain who issued a bond using Blockchain technology to raise $160m.
If it proves to be so much cheaper to access the debt markets using Blockchains then bonds could become an option for SMEs to raise capital, which in turn could be competition for the Peer 2 Peer lenders…

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#FrontierInsights

Blockchain

Fintech

https://www.forbes.com/sites/michaeldelcastillo...3ca6596e46

New York bank to offer Crypto banking facilities in Bermuda

BBFTA News Editor | March 05, 2019 | PERMALINK

Signature bank of New York has announced that it is now offering bank accounts for businesses based in Bermuda that deal in Digital Assets.

There are believed to be over 60 companies that initially this will be of great assistance to, as despite the Bermuda government changing it’s law no locally based bank offer accounts in the Crypto sector. However, Signature bank claims that they are signing up companies that are also not involved with Cryptos.

The lack of banking facilities is a major hurdle facing businesses that deal in Digital Assets globally as it is extremely difficult to get a bank account in many jurisdictions around the world.

In the UK Clearbank  which is the first bank in over 250 years to be...

There are believed to be over 60 companies that initially this will be of great assistance to, as despite the Bermuda government changing it’s law no locally based bank offer accounts in the Crypto sector. However, Signature bank claims that they are signing up companies that are also not involved with Cryptos.

The lack of banking facilities is a major hurdle facing businesses that deal in Digital Assets globally as it is extremely difficult to get a bank account in many jurisdictions around the world.

In the UK Clearbank  which is the first bank in over 250 years to be granted clearing bank status, is one of the is one of the few banks to offer bank accounts to firms engaged in Digital Assets but the company needs to be FCA regulated or in the process of applying to the FCA to be accepted by Clearbank.

READ MORE

#FrontierInsights

Banking

Blockchain

Crypto

Digital Currency

https://coinfomania.com/signature-bank-services...n-bermuda/

EOS looks to target 300Million Taptalk users

BBFTA News Editor | March 05, 2019 | PERMALINK

People question the scalability of Blockchains and different commercial uses cases.

Well, the announcement that EOS, the fourth biggest Cryptocurrency, is going to be used by Taptalk (a social messaging and chat App similar to Reddit) prove Blockchain is being used at scale to drive new business services. Taptalk is going to use the EOS Blockchain to offer rewards “Gold Points” although at this stage they have said they are not going to list the GoldPoints on an exchange.

Winter Wong, the CEO of Tapatalk, said in a press statement “ they were looking to promote microeconomics on forum platforms, calling blockchain integration a “natural step.” He added: “We see many exciting...

Well, the announcement that EOS, the fourth biggest Cryptocurrency, is going to be used by Taptalk (a social messaging and chat App similar to Reddit) prove Blockchain is being used at scale to drive new business services. Taptalk is going to use the EOS Blockchain to offer rewards “Gold Points” although at this stage they have said they are not going to list the GoldPoints on an exchange.

Winter Wong, the CEO of Tapatalk, said in a press statement “ they were looking to promote microeconomics on forum platforms, calling blockchain integration a “natural step.” He added: “We see many exciting ways this technology will deliver valuable monetization and reward opportunities for forum communities. We are proud to support forum owners in growing prosperous microeconomies in a trusted environment.”

The use of tokens to attract attention and or reward loyalty is likely to be a substantial and growing market but will raise some interesting regulatory issues, as would they be subject to security regulations even if the tokens can be exchanged for goods and services? Currently, your Air Miles when you fly or your American Express loyalty points are not regulated by financial services agencies, but would these loyalty points become regulated if they were listed exchanges to allow greater interoperability?

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Blockchain

Cryptocurrency

https://zycrypto.com/tapatalk-takes-eos-to-the-...-currency/

Blockchain technology has the potential to WIPE Luxembourg off the map of the fund distribution and administration market

BBFTA News Editor | March 04, 2019 | PERMALINK

This rather punchy heading was in a report from Deloitte when they analysed the potential impact Blockchain could have on the second largest mutual fund market in the world.

The ability for Blockchain’s to increase transparency reduce the number of intermediaries - transfer agencies, custodians, settlement agents, administrators, fund accounting etc to reduce the cost of managing your savings and pension funds.

It is rather ironic that regulators like SEC and governments have been very cautious about using Blockchain and Cryptocurrencies due to the risks that they may present. However, it could be compliance that drives greater adoption, as they realize the cost savings, improved resilience (as data is not held in one location), greater transparency and being able to treat customers fairly. Digital assets that are able to track who owns what in Real...

The ability for Blockchain’s to increase transparency reduce the number of intermediaries - transfer agencies, custodians, settlement agents, administrators, fund accounting etc to reduce the cost of managing your savings and pension funds.

It is rather ironic that regulators like SEC and governments have been very cautious about using Blockchain and Cryptocurrencies due to the risks that they may present. However, it could be compliance that drives greater adoption, as they realize the cost savings, improved resilience (as data is not held in one location), greater transparency and being able to treat customers fairly. Digital assets that are able to track who owns what in Real Time and to be able to the calculate dividends, interest payments and rental income entitlement based on the number of minutes one holds an investment, not to mention being able to trade 24/7 are all highly attractive advantages that Blockchain technology and Digital Assets offer the mutual fund industry.

Indeed one survey last year claimed costs savings could be $1.9Billion globally, having index funds that automatically adjust and manage themselves, having funds that manage themselves using Smart Contracts and funds that could be priced and traded continually are just some of the changes that are coming...

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Blockchain

Fund Market

https://www2.deloitte.com/content/dam/Deloitte/...bution.pdf

University of Michigan invests in Andreesen Horowitz Crypto fund

BBFTA News Editor | March 04, 2019 | PERMALINK

Yet another university is investing capital into the Crypto sector as Michigan, as part of it’s $12Billion endowment fund decides to invest into the legendary Silicon Valley manager Andreesen Horowitiz.

Last autumn Harvard University disclosed it had invested  into a Cryptocurrency fund following Stanford and MIT.

The Horowitz fund targets Crypto related technology firms as opposed to just buying pure Crypto currency funds. With major highly respected universities such as these investing in Digital Asset this clearly demonstrates how traditional investors are increasingly looking at this new asset class.

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Cryptocurrency

Investing

https://www.financemagnates.com/cryptocurrency/...ypto-fund/