Reliance Industries, a Indian conglomerate holding company has acquired 5.56% equity stake in blockchain startup Vakt for $5 million. Vakt is a blockchain-based post-trade processing platform. The platform is backed by energy majors BP, Shell and Statoil; trading houses and banks ABN Amro, ING and Societe Generale.
Alethena is a blockchain-asset rating agency which is a start-up based in Switzerland has launched its security token offerings (STO) by complete the tokenization of its capital on the Ethereum blockchain. This makes them pioneers in raising capital through STO in the European region. This helps them in the legal, security area and also this makes independent of investment size.
Orbs, a blockchain company, has received investments from Kakao Investment. The exact amount of investments made were not disclosed. The company aims to direct the investments for its development and growth. It would also associate with Ground X to work on blockchain applications, research and development projects. Kakao previously expressed intention to develop a blockchain unit.
The Huobi DM (Derivatives Market) has gone live. It was launched by Huobi Global focusing on Bitcoin and Ethereum. The platform currently offers long and short-term contracts for both Bitcoin and Ethereum. The CEO of Huobi Global also declared “integrating Huobi DM with Huobi Global’ to serve the user’s needs and to provide full-fledged trading services.
The OweMe, a blockchain-based platform, has raised $1 million in funds through a seed funding round. The pi Ventures also invested in the blockchain platform. The OweMe aims to equip its product and human resource with the raised funds. The company, based in London, is registered with the Financial Conduct Authority (FCA), a U.K. regulatory body.
The chairman of the U.S. Securities and Exchange Commission (SEC), Jay Clayton, expressed on the benefits of ICOs as a means to raise capital. He expressed belief over ICOs and stressed, “when a security is being offered, our securities laws must be followed.” He mentioned that the SEC devoted significant amount on time exploring blockchain and cryptocurrencies.
The startup Good Money, a Digital banking platform, received a funding of $30 million to build its app. It aims to develop a bank in which every customer will own some equity, offer free ATM card, low loan rates, 2% on FDCI savings. They are planning to launch the app in 2019.
The Bluecoat blockchain company has raised $24.25 million for digital rights management. The investors include David Guetta, Gee Roberson, and others. The company intends to organize a private sale of tokens called BCT in the succeeding year. The VP Itai Schweitzer, Bluecoat, expressed, “The integration of blockchain technology into digital rights industries is inevitable.”
A short-term debt instrument transaction was settled on Corda blockchain platform with the involvement of four banks namely Commerzbank, ING, Natixis, and Rabobank. Reportedly, the transaction was worth €100,000 worth euro commercial paper (ECP). Natixis was the issuer of the instrument, Rabobank as the investor, ING as the dealer and escrow agent. Commerzbank was the provider of technical support.
The launch of Bitcoin futures by the Nasdaq has been officially confirmed. The VP of Nasdaq, Joseph Christinat revealed, “Bitcoin Futures will be listed and it should launch in the first half of next year — we’re just waiting for the go-ahead from the CFTC.” The official expressed that the Nasdaq has been exploring on the blockchain and cryptocurrencies.