Morgan Creek to Tokenize Firm's Paper Shares

Morgan Creek will help Anexio Technology Services to convert convert all of its physical shares into an ERC-20 token
10 May 2018   1433

Morgan Creek Blockchain Capital tokenizes securities of a private company, turning them into a new security-token. This is reported by Coindesk.

The blockchain division of the investment consulting company Morgan Creek Capital Management announced a partnership with Anexio Technology Services, in which the paper stocks of the latter will be transferred to ERC-20 tokens on Ethereum.

The company plans to raise $ 40 million by selling tokens to accredited investors.

Morgan Creek Investment Manager Mark Yusko told CoinDesk that his company agreed to cooperate with Anexio because it is confident in its economic situation, adding that it is one of the "500 fastest growing companies in the US".

Anexio already receives funding through the bank, which, according to Yusko, "gives an idea of ​​the financial stability of the business." The company is engaged in the production of graphic chips and plans to increase its production capabilities due to the funding received.

By tokenizing the business, we took the cap table, the paper shares - every company in the world has paper share certificates - and we tokenized it. We swapped, one for one, the paper shares for tokens, which allow for a global investor base and trades on a security exchange.
 

Anthony Pomppliano

Partner, Morgan Creek Blockchain

Partner Morgan Creek Blockchain Anthony Pomppliano explained that the tokenization of Anexio shares will allow them to be distributed among a larger number of potential investors.

MetaMask App to be In Public Beta

The app is synchronized with the cryptowallet in the original browser extension allowing to register new addresses in a moment
24 July 2019   298

The developers of the MetaMask Ethereum wallet wallet have opened the way for everyone to test the beta version of a mobile application available for Android and iOS.

According to the developers, the application is synchronized with the cryptowallet in the initial browser extension. It also allows you to manage crypto-assets, send ETH users and ERC-20 and ERC-721 standard tokens using ENS names (Ethereum Name Service), and interact with decentralized applications (dApps).

In addition, the application supports InstaPay payment channels for instant and free transactions. It also implements Web3 functionality, support for IPFS and various solutions to ensure a high level of security.

The launch of the mobile application MetaMask was announced 9 months ago during the Devcon4 conference in Prague.