20|30 to Raise £3M on London Stock Exchange

As reported, campaign of 20|30 was conceived by LSEG as a demonstration of the possibilities for modernizing financial markets with tokenized securitie
15 April 2019   271

The blockchain startup 20 | 30 raised £ 3m through the sale of tokenized securities through the London Stock Exchange Group (LSEG) platform, CoinDesk writes.

Campaign of 20 | 30 was conceived by LSEG as a demonstration of the possibilities for modernizing financial markets with tokenized securities and implying the use of Fiat by potential investors.

20 | 30 deals with the tokenization of securities using distributed registry technology. The firm participated in the fourth stream of the regulatory sandbox of the Financial Conduct Authority of the United Kingdom (FCA).

LSEG and FCA have previously reported that they are working from 20 | 30 and Nivaura blockchain start-up to prepare the first campaign to place tokenized securities in the UK in compliance with the requirements covering storage, clearing and settlement. The ultimate goal of the project is to create "tools to help companies raise capital in a more efficient and streamlined way."

Someone can use our technology to do all the legal documentation, tokenize these assets and execute them. LSEG has then been forward-thinking enough to help get these orders out to the existing market.
 

Dr. Avtar Sehra

CEO and chief product architect, Nivaura

After the initial issue of securities on the Ethereum blockchain, the possibility of making transfers on the secondary market will be provided, and then other elements of the private financing market will be reproduced.

Bibox Exchange to Conduct 4 IEO Simultaneously

The allocation of tokens will be perfomed in the order of the lottery among holders of BIX tokens and the IEO to be perfomed at Bibox's Orbit platform
19 April 2019   99

Bibox cryptocurrency exchange presented four projects that will conduct the initial exchange offering of their tokens as part of the first wave of IEO on April 22 on the Bibox Orbit platform.

  1. The Force Protocol (FOR) is a distributed protocol of crypto-financial services based on a public blockchain system, providing opportunities for cross-platform asset transaction and communication, use of crypto assets from several blockchains to provide steybcocoins, issue tokenized bonds, etc.
  2. Ludos (LUD) is a solution for a distributed gaming ecosystem designed to bring large-scale blockchain games and economic incentives to life.
  3. Staking (SKR) is a decentralized asset management platform that allows investors to safely stack tokens.
  4. X-Block (IX) is a computing system based on the blockchain architecture.

The allocation of tokens will be perfomed in the order of the lottery among holders of BIX tokens. Potential investors will be able to declare how many tokens of a project they want to purchase based on their BIX, after which a separate rally will be held for each of the projects.