Singapore’s DBS Bank launches digital bond security token

Singapore-based multinational banking corporation, DBS Bank, has launched its first-ever security token offering, or STO, by issuing a digital bond. The DBS digital bond has been priced at $11.35 million and comes with a six-month tenor and coupon rate of 0.60% annually. The offering was carried out through a private placement hosted by DBS Digital […]

Blockchain trading platform INX completes $125M SEC-approved token IPO

INX Limited has completed the first-ever Securities and Exchange Commission-approved token sale event via an initial public offering. According to a release issued by the company, the blockchain trading platform raised $85 million in gross proceeds from over 7,200 investors — both retail and qualified institutional actors. Details from the announcement show that the average […]

One of Europe’s largest investment banks issues security token on Tezos

European financial behemoth Société Générale has issued a security token on the Tezos blockchain. According to an announcement on Thursday, the move constitutes the first tokenized asset offered by Société Générale. The bank stated that the security token offering was a significant milestone in the efforts to begin full-spectrum cryptocurrency market operations by 2022. Société […]

Adam Back unveils Blockstream’s new Bitcoin mining security token

Canadian-based Blockchain tech company Blockstream announced the launch of a security token backed by the company’s mining production on March 29. It offers an alternative to investing in Bitcoin mining stocks, with the company providing non-US qualified investors exposure to Bitcoin mining through the Blockstream Mining Note security token. BMN represents 2,000 terahash per second […]

INX’s acquisition of security token platform OpenFinance almost complete

Crypto IPO issuer INX has announced that its acquisition of security token offering platform OpenFinance is almost complete. According to an email sent to OpenFinance users, the parties are now just awaiting regulatory approval to complete the change in ownership. INX — which is licensed by the U.S. Securities and Exchange Commission — expects its […]

Judge reverses own ‘mistaken’ dismissal of Overstock lawsuit

A Utah federal judge has reversed his own dismissal of a class-action lawsuit against online retailer Overstock that alleges it manipulated the market by issuing a security token “Digital Dividend” to shareholders last year. On Jan. 6, Judge Kimball reversed his previous decision to dismiss the lawsuit, granting the plaintiffs’ request from October to file […]