STO Weekly Review by Evercity 29.10–04.11.2018

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Main news
🖇 The central bank of Germany, Deutsche Bundesbank, and the owner of the Frankfurt Stock Exchange, Deutsche Börse see Successful Blockchain Securities Settlement Pilot. The goal was to develop “a conceptual prototype” that would let a blockchain-based system handle the transfers and settlements of both fiat currency and securities. DA has also been involved with the Australian Securities Exchange, working to broaden their network beyond the CHESS system by 2020.

Projects
🤝Luxembourg-based Tokeny and Mash have partnered to launch €50 million STO. Mash Group PLC, a FinTech50 business specializing in consumer lending and pay later solutions, has involved Tokeny to support its Security Token Offering as part of its €50M equity round.

👀tZERO opensourced their token contracts:
Regulatory compliant smart contracts built for the future of securities, leveraging the power, security, and transparency of the blockchain https://github.com/tZERO-dev/T0ken

Regulations
💭The Securities and Futures Commission (SFC) issued a statement setting out a new approach which aims to bring virtual asset (Note 1) portfolio managers and distributors of virtual asset funds under its regulatory net.

Join Security Token Club: https://t.me/stoaccelerator

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