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20|30 Completes First Ever Tokenised Equity Offering Issuance

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London-based 20|30 Ltd has become the first UK company to successfully complete the tokenisation and issuance of their equity as part of the UK Financial Conduct Authority’s (FCA) Sandbox 4.

This test happened in partnership with fintech company Nivaura, who acted as custodian for the offering. Nivaura recently raised £20 million in a seed funding round led by London Stock Exchange Group. Other investors in Nivaura include leading law firms Allen & Overy, Linklaters and Orrick.

Venture studio 20|30 is building a portfolio of innovative services and products using blockchain technology. The test issuance was executed by TokenFactory, a capital raising platform and the first of 20|30’s products to go to market.

London Stock Exchange Group participated in the test issuance by sending settlement instructions to a public blockchain via 2030’s platform which is powered by Nivaura technology. The test therefore demonstrated connectivity between a regulated trading venue, the Turquoise Plato™ platform, and a public blockchain infrastructure.

Tomer Sofinzon, Founder & CEO of 20|30, said:

“Clearing and settlement are vital processes that sustain trust and certainty in the global financial system. For tokenisation to be embraced it is vital that the issuance and trading of tokens be transacted with the same level of trust and legal certainty as shares and other securities.

“That is why we are delighted to announce that for the first time an equity token offering has harnessed blockchain to effect settlement in collaboration with a major stock exchange.

“We have succeeded in what we hope is the first step in reinventing capital markets. By tokenising our own equity at 20|30 through TokenFactory, we can demonstrate that there is a far better way to unlock the value of equity, built on innovative blockchain technology which will transform the way companies raise capital.

“Tokenisation will unlock value in a whole range of assets, from existing shares to new issuance, bonds, property, IP, fine art and much more.”

As a regulated, full-service fundraising machine, TokenFactory empowers investors with greater access to investment opportunities and to liquidity, while companies can raise capital more cheaply than traditional methods and in a time-efficient manner. TokenFactory will tokenise equity in a way that is compliant with UK laws and regulations. This is one of the few models of tokenisation that can be scaled with ease, and differs from digitised uncertificated shares, an approach adopted by a number of other companies that does not necessarily provide the same legal certainty.

The test issuance was executed within the FCA’s Sandbox Cohort 4. Upon the closing of this issuance and initial funding round in late March, TokenFactory will aim to remove its Sandbox restrictions to be a fully authorised MiFID investment firm able to arrange the issuance of equity tokens by global firms launching issuances in the UK. Until then, professional investors wishing to participate in the firm’s fund raise can continue to do so.

Robert Barnes, Global Head of Primary Markets and CEO Turquoise, LSEG, said:

“London Stock Exchange and Turquoise Plato are delighted to have participated in the FCA’s Sandbox 4 in partnership with Nivaura. London Stock Exchange Group is committed to exploring technology innovations that can help drive further efficiency and growth across the capital markets lifecycle.”

 

SOURCE 20|30

Blockchain

Teletubbies Digital Companions to Launch on the Tezos Blockchain

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MetaPals, an AI digital companion platform, is partnering with WildBrain’s beloved Teletubbies to bring together cherished childhood memories and the innovative digital era with the launch of the Teletubbies AI digital companions on 20 April, 2024.
As Teletubbies commemorates its 27th anniversary on 31 March, the collaboration marks the beginning of an exciting array of renowned IPs joining the ‘MetaPals Multiverse’ in 2024. Through the use of AI and blockchain technology powered by Tezos, much loved Tinky Winky, Dipsy, Laa-Laa, Po, and even Noo-Noo have become personalized, evolving digital companions within the MetaPals browser extension game engine.

The Teletubbies characters integrate with users’ daily browsing experience that accompanies users across the web, offering both playful interactions and practical assistance. This technology not only brings these fun characters to life in new, interactive ways, but also helps to enhance the mental well-being of users by fostering a sense of companionship.

Each Teletubbies companion within the MetaPals Multiverse will exhibit unique personality traits, offering users a diverse and dynamic experience. With personalities distributed across 5000+ Teletubby companions along a spectrum, users are guaranteed a one-of-a-kind experience, ensuring enjoyment for all and opportunities to foster new connections with this nostalgic brand.

Max Giammario, CEO of MetaPals, said: “Through this collaboration we’re not just revisiting Teletubbyland, we’re reinventing it for the digital age. By weaving in AI and blockchain, we enable the Teletubbies characters to evolve, interact, and form unique bonds with users, embodying our vision of dynamic digital companionship. With a bit of ‘MetaPals magic’, the Teletubbies are exploring beyond the hills and far away, ready to play, in ways we’ve never imagined.”

Melissa Goodrich, Director, Franchise Strategy at WildBrain, said: “We’re excited to see our colorful quartet come to life in new ways through this unique digital experience for fans. As we celebrate 27 years of the perennially popular Teletubbies franchise, this latest collaboration encapsulates the essence of childhood nostalgia while embracing the limitless possibilities of the digital age.”
Jason Lim, TZ Apac Games Adoption Team for the Tezos Ecosystem, said: “MetaPals will be pioneering the convergence of iconic IPs such as Teletubbies with the limitless possibilities of the Tezos blockchain. I can’t wait to see the magic they are brewing up next.”

The post Teletubbies Digital Companions to Launch on the Tezos Blockchain appeared first on HIPTHER Alerts.

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Blockchain

Alarum Announces Exciting Events Lineup and Welcomes Esteemed Advisor to NetNut’s Advisory Board

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Blockchain

RevoluGROUP Canada Inc. Announces White Label Partnership with MONECO France

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