Tokeny Solutions and Polygon have partnered, allowing asset issuers to tokenize compliant securities in a cost-effective and scalable way – reducing gas prices by over 10000 times. Tokeny Solutions provides technology for securities issuers to tokenize their assets and Polygon is a layer 2 protocol building and connecting Ethereum-compatible blockchain networks. Ethereum’s smart contract deployment […]
HKVAX, a Hong Kong-based virtual asset trading platform, has formed a strategic partnership with Magic Circle, an STO solution provider, to provide services for customers in Hong Kong and Asia seeking to take advantage of security tokens (STOs). This comes as the Securities & Futures Commission of Hong Kong (“SFC”) moves closer to fully regulating cryptocurrency in 2021. Hong Kong is considered to be […]
Societe Generale has issued the first structured product as a Security Token directly registered on the Tezos public blockchain. The securities were fully subscribed by Societe Generale Assurances. This operation follows in the footsteps of a first covered bond Security Token issuance worth EUR 100m on the Ethereum blockchain, settled in euros in April 2019, and of a second […]
