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NEWS

👫 Neufund has partnered with Blocktrade to boost liquidity by listing its security tokens on Blocktrade's secondary market.

👪 A similar partnership has been formed between Abacus (the issuer) and OpenFinance Network (the secondary market). 

🏦 One of the largest Chinese state-owned banks issued $1.3 billion of residential mortgage-backed securities using its own blockchain, Jucai Chain.

🛰️ We saw a second Ethereum Magician's community call on the ERC1400 security token standard, discussing ERC1066 status codes and backwards compatibility with ERC20 and ERC777. Notes here, and the discussion continues on Telegram. 

🇺🇸 Paradoxically, upcoming decentralized exchange Everbloom is seeking a broker-dealer license. Reason: the increasing likelihood that ERC20-tokens are deemed securities under US law.

📈 More DEX news: Decentralized exchange StellarX has launched. Aside from it being a fee-free exchange, it also intends to facilitate security tokens in the future. In contrast to most exchanges, their design is top notch.

👔 Several US Congressmen have sent a letter to the SEC to ask for clarification on digital tokens, and when these are deemed securities.

💲 And in case you missed it, crypto giant Circle just launched its stable coin, USDC.

LONGER READS

🏆 What investors should know about security tokens, by Securitize's CEO Carlos Domingo. 

💁 14 Key considerations when launching a security token offering. This is definitely content marketing, but it's still a good article if you consider launching an STO.

⛑️ STOs will restore trust in the crypto market; or so the Turing Fan Club says.

📈 Here's a long article discussing the shift from utility tokens to security tokens, covering what they are and their benefits. We've seen these articles before but include them anyway, as they provide a good overview for those who are new to this market.

NEW STOs

💎 A new security token offering. Kind of. ICONOMI, which raised $10m in an ICO in 2016, is converting its ICN utility token to 'eICN' tokens that represent equity in their Liechtenstein holding company.

🏛️ A $30m Manhattan building is to be tokenized on Ethereum, with help from Propellr and Fluidity.

POSTSCRIPT

This week it seems we have little to offer in terms of good articles or insights. Although the security token (or asset-backed token) space is still in an early phase, it seems to suffer from an overkill of meaningless articles that just say that security tokens "are gonna change the world".

Instead, we'd like to see opinions on things like technical standards, which is the best blockchain for security tokens and why, challenges that the industry needs to overcome (like user experience!), or why tokenizing real estate makes sense and tokenizing a startup doesn't.

If you enjoy writing and have such an article to share, do let us know. We're happy to include it here, and do our part in improving the quality of the security token space.

See you next week! 👋