Five Companies Raise More than $20 Million (!) to Help Build the Security Token Infrastructure

SecurityToken.it Newsletter #15

While the crypto markets are nowhere near their all-time highs, capital is pouring into the security token space.

This week, security token issuance platform Neufund ended their STO — raising €3.3 million — PLUS four companies raised millions to help build the required infrastructure for asset-backed tokens.

This is a great sign, for us and the crypto industry as a whole.

QUOTE

"If you're someone that is putting aside $100 a week or a month to save up to invest into something. Well, you need that money to be liquid, because, life is unpredictable."

— Henry Elder from Digital Asset Advisors on the benefit of liquid investments, at the Real Estate Tokenization Meetup in LA.

NEWS

💸 Y-combinator alumnus Abacus raises $2 million to automate compliance for security tokens and keep track of the chain of custody.

💰 Data startup Nomics secures $3 million from Coinbase Ventures, Polymath, TokenSoft and others, with the goal to "index 95 percent of all data pertaining to how crypto assets are traded".

👛 Amsterdam-based security token issuance protocol and blockchain Dusk Network received an undisclosed investment from Asset Management Fund Olymp Capital.

🤑 Vertically integrated ST blockchain infrastructure Prometheum raises $12 million in cash and services from Hashkey Digital Asset Group.

💾 Overstock's Medici Ventures used the Ravencoin blockchain to transfer security tokens worth $3.6m, representing its stake in Chainstone Labs.

🦅 More Ravencoin news. Token issuance platform TokenizEU chooses Ravencoin over Ethereum. Here's why. We haven't said much about the Ravencoin blockchain before, so here's a short explanation.

🦖 Tokeny launches its open source Token for Regulated EXchanges protocol, aka T-REX. You can find their whitepaper here, and Github link here.

LONGER READS

📜 A legal insight in compliance responsibilities for broker-dealers and issuers in the US, with regard to security tokens.

🏦 From central banking to money markets, here's an exploration of the emerging crypto debt markets by the people at Dharma.

🇨🇭 An interesting interview with the people from Alethena, a Swiss blockchain-asset rating agency that tokenized its own shares.

NEW STOs

📇 TokenNameService is issuing a $10m Reg D 506(c) STO to create personal wallet names instead of long public keys.

🎨 Digital art market Look Lateral is running a Reg D and Reg S STO, selling 20% of its equity, offering investors a portion of revenues generated on the platform.

POSTSCRIPT

We've just launched a new Medium publication, where we'll be publishing our weekly newsletters.

Take a look at the Medium home of SecurityToken.it.

On the one hand, our goal is to bring our newsletter to a larger audience. On the other, we plan to use this channel to publish some of our own articles.

If you're interested in having your article featured on our publication and in this newsletter, send us a message! We welcome well-written and unique insights into anything related to the security token industry.

See you next week! 👋

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