Projects
🇰🇷Bithumb, the South Korean crypto exchange, is forming a JV with American fintech company seriesOne, a blockchain crowdfunding platform. Under the terms of the agreement, Bithumb and seriesOne intend to create a new exchange in the United States that will offer a compliant marketplace to trade security tokens.
🍦Traditional business steps into the game: Lithuanian ice cream shop chain Soprano is launching its STO, planning to raise 5-8 million EUR finance their expansion to Europe. Investors will get a % of sales directly via smart contracts.
👨🏻⚕️Swiss BlueOcean Ventures II will become the first tokenized medtech venture capital fund. It is developing a new security token platform to sell its "BOV" token, which will be backed by the value of the companies included within the fund's portfolio.
👨👦👦This week tZero announced that they have been working on integrating Polymath and Securitize as 3rd party issuance platforms into tZero ecosystem. This collaboration of leading players on the market was welcomed by community as extra liquidity promise.
Regulations
🤐Founder of a trading platform EtherDelta was charged with a penalty for operating an unregistered securities exchange. According to the SEC, EtherDelta was obliged to register in U.S. or to apply for an exemption, but failed to do so.
🇲🇾As part of its renewed push to drive innovation, the country of Malaysia is allocating resources to improve regulatory clarity around digital asset exchanges and ICOs. The Securities Commission Malaysia (SC) is working with industry stakeholders to formulate final rules, and regulations are expected to come into effect Q1 of 2019.
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