Prime Trust is a fast-growing Fintech and securities custody provider that appears to be in the midst of hockey stick trajectory. This week, in a widely distributed email, Prime Trust founder and CEO Scott Purcell outlined the transition from startup, to market traction, to… Read More
Mobile peer to peer sports betting marketplace, ZenSports, has closed on a $675,000 seed round. ZenSports is a platform that seeks to enable sports betting from anywhere in the world without a centralized bookmaker. According to the company, the funding was part of a broader,… Read More
Each year, billions of dollars in direct foreign investment flow to U.S. developers and entrepreneurs under the EB-5 Immigrant Investor Program. The program gives foreign investors the opportunity to obtain permanent U.S. residency – a green card – if they make a qualifying investment in… Read More
Raising capital by issuing tokens that rely on distributed ledger or blockchain technology has been clouded by regulatory uncertainty since the practice emerged during the initial coin offering or “ICO” boom. As entrepreneurs seek to use blockchain technology to build new networks and tokens, this… Read More
Those who have read the SEC settlements with AirFox (CarrierEQ.Inc.) and Paragon Coin, Inc. published on November 16, 2018, will note that the defendant ICO issuers agreed, among other things, to register their “coins” under the Exchange Act (the Securities Exchange Act of 1934) by filing… Read More
Earlier this month, CI reported about a gathering taking place in Barbados that incorporated a grouping of emerging security token firms. The goal of this meeting was to attempt and establish a standard by which securities could be offered on blockchain thus reducing sector… Read More
As was reported last week, the Securities Token Roundtable is continuing deliberations in Barbados over the weekend. Organized in part by the efforts of Polymath who is hosting the event, the meeting includes a good number of emerging platforms and industry participants seeking to… Read More
The flight to Barbados isn’t a short one. I left home at 5am and didn’t get into Barbados until after midnight thanks to a minor delay caused by inclement weather surrounding Miami. I heard that it’ll take roughly 35 hours for another person who’s coming… Read More
The Crypto Invest Summit (CIS) in Los Angeles this week, rebranded from previous “Crowd” events, was a standing room only conference this year. Organizers sold out of tickets in the last weeks as demand was high for the cryptocurrency / blockchain focused gathering. More than… Read More
The very first initial coin offering (ICO) took place in June of 2013 when Mastercoin raised around $5 million in Bitcoin. That was the same year that Title II of the JOBS Act launched allowing general solicitation (SEC lingo for advertising) under Regulation… Read More
Buried within the tZero Offering Memorandum for its ongoing initial coin offering were several interesting items of note. The first was the fact the SEC was in the process of reviewing the offering. Another interesting bit of information was the fact tZero has acquired a… Read More
Investment banking is a highly profitable business. Goldman Sachs, perhaps the most prominent investment bank in the world, raked in $32 billion during fiscal 2017 with the majority of this revenue driven specifically by investment banking. Yet arguably, much of the value that is provided… Read More
Polymath Network is the first cryptocurrency related project to hit the 50,000 follower ceiling on Telegram. The highly popular company is the industry first security token launch pad. As initial coin offerings become professionalized and regulated you must have a service that can manage tokenized securities and… Read More
This past week, Blockchain at Berkeley was the host to an ICO Financing Conference. Participating at the event were representatives from the Securities and Exchange Commission (SEC). Blockchain at Berkeley is a student run, independent organization dedicated to the crypto and distributed ledger space. The… Read More
Despite the record success of many initial coin offerings (ICOs), raising capital for ICOs is a difficult process. It is tempting to accept help anywhere one can get it, and there is no shortage of persons and companies clamoring to “find” or refer investors in… Read More
Initial coin offerings are all the craze, and for good reason. According to CoinSchedule, over $3 billion has been raised in the first 10 months of October. The Securities Exchange Commission released an investigative report concluding that DAO tokens were securities, and that scared people… Read More
So you were ready to do an initial coin offering (ICO), and then the Securities Exchange Commission released an investigative report concluding that DAO tokens were securities. Seasoned securities attorneys have always known that token sales could implicate securities laws if the tokens were treated… Read More
Syndication and crowdfunding are terms that have been used interchangeably within the last decade, and their concepts and meaning have become increasingly blurred. However, whereas syndication focuses on funding relationships and structure between the funder and funded, crowdfunding is a method of finding investors (or… Read More
For years, most capital raises conducted by private companies have primarily relied on Regulation D as an exemption from compliance with certain burdensome securities laws. In particular, most offerings were conducted under what was known as Rule 506 under Regulation D. Those offerings, which have… Read More
If your company is not public and plans to raise capital, you might have considered Regulation A Plus – and you are aware that it comes with a big warning sticker: the company needs to prepare an offering circular and go… Read More
Crowdfund Insider is the leading news and information web site covering the emerging global industry of disruptive finance including investment crowdfunding, Blockchain peer-to-peer / marketplace lending and other forms of Fintech.
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