CSE to Release Blockchain-based Platform

New platform will be used for clearing and settling securities through blockchain technology
14 February 2018   723

The Canadian Stock Exchange (CSE) intends to launch a platform for clearing and settling within the campaigns for selling blockchain-based tokens.

On its new platform, CSE intends to list the tokens qualifying as securities and offered for sale. This will provide the release of new service of the exchange.

Companies will be able to use the platform for issuing traditional shares and debt securities in the form of tokenized securities, which will be distributed to investors during fully regulated campaigns that are fundamentally different from ICO, that usually remains in the gray zone.

This is a landmark announcement for the Canadian capital markets. The Canadian Securities Exchange expects to be the first recognized exchange in Canada to introduce a fully developed blockchain platform for trading, clearing and settling tokenized securities.
 

Richard Carleton 

CEO, CSE

The operator of the exchange has already signed a "protocol of mutual understanding" with the Canadian company Kabuni, which intends to use a new platform for selling its tokenized securities to interested investors.

 

South Korea to Invest $1B in Blockchain Startups

Blockchain is a revolutionary technology and an integral component of the Fourth Industrial Revolution, local authorities believe
19 February 2019   103

Until 2022, Seoul authorities are investing 1.2 trillion South Korean won ($ 1.07 billion) in fintech startups working with distributed ledger technology. This is reported by CoinDesk.

Funds will be allocated for the development of new technologies through the Seoul Innovation Growth Fund, created last year by local authorities. The foundation will support startups working on various solutions, including those that are in the early stages.

In the first half of this year, the Fund will allocate 13.25 billion won ($ 11.75 million) and 8.4 billion won ($ 7.45 million) in the second half of 2019. For the Korean authorities, the blockchain is a revolutionary technology and an integral component of the Fourth Industrial Revolution.

The officials also noted that the average investment per start-up at an early stage of development in South Korea is almost seven times lower than, for example, in Silicon Valley.

Last fall, Seoul authorities submitted a five-year development plan for the blockchain industry.