Blockchain
Eastern Caribbean Securities Exchange Partners with Blockstation to Pilot Digital Asset Trading
Signed agreement will see testing of Bitcoin, Ether and Tokenized IPOs on the ECSE
Basseterre, St. Kitts and Toronto, Ontario–(Newsfile Corp. – March 10, 2020) – The Eastern Caribbean Securities Exchange (ECSE) is proud to announce a Letter of Intent selecting technology partner Blockstation to pilot the trading of digital assets including Tokenized IPOs (also known as Security Token Offerings, or STOs), Bitcoin, and Ether in 2020.
Blockstation provides an end-to-end platform for the compliant tokenization, listing, trading, clearing, and settlement of digital assets for every participant in the stock exchange ecosystem including issuers, investors, broker-dealers, depositories, market makers, and regulators.
Talks between Blockstation and the ECSE began in late 2018, with positive steps taken towards an agreement following successful trials of the platform with the Jamaica Stock Exchange (JSE) – including the announcement of the first four issuers to conduct a Tokenized IPO later this year – and a planned pilot with the Barbados Stock Exchange (BSE).
“The ECSE is proud to take a leading role in increasing access to and participation in our securities market through digital assets,” says Trevor E. Blake, Managing Director of the ECSE. “This pilot follows the pilot being undertaken by the Eastern Caribbean Central Bank (ECCB) of a digital EC dollar (DXCD) that will be the world’s first central bank-backed digital currency, supporting the ECCB’s goal to remove financial frictions, promote financial stability, and expedite growth and development in the member countries of the Eastern Caribbean Currency Union (ECCU).”
The ECSE intends to leverage the Blockstation platform to provide:
● 100% insurance on investors’ digital assets
● Prospectus+ Smart Listing Accelerator Portal (SLAP) for issuers to create and manage their disclosure documentation in preparation for a Tokenized IPO
● Secure, streamlined KYC/AML processes to ensure trading only with trusted parties
● Best-in-class design with a user-customized dashboard showing the bid/ask book, trading interface and market activity at a glance
● Decentralized custodianship with multi-signature authorization in cold storage vaults
● ChainWatch security tool for regulators to track the source and flow of assets in real time,
● Hassle-free withdrawal and conversion of digital assets with end-of-day settlement
● Liquidity from a central, continuous order book with multiple broker-dealers and market makers
The Blockstation platform also enables the compliant listing of digital assets such Tokenized IPOs (also known as Security Token Offerings, or STOs) from anywhere in the world. Further, it facilitates access to international investors by permitting the use of Bitcoin and Ether in addition to fiat currencies, enabling smaller investors to participate in exciting offerings due to the low cost of blockchain transactions.
The ECCU already has a regulatory framework in place to support investment and funding from international sources.
“It’s inspiring to see the vision of shared prosperity resonate so strongly in our conversations with the ECSE and financial regulators in the region,” says Matt Singh, VP of Sales at Blockstation. “We look forward to advancing the ECSE’s goals of leveraging the blockchain to bring transparency, improved security and new economic opportunities to their citizens and global investors.”
To learn more about Tokenized IPOs, visit: www.blockstation.com/tokenize
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About Eastern Caribbean Securities Exchange
The ECSE is a fully electronic regional exchange incorporated in the Federation of St Christopher and Nevis under the Companies Act of 1996 as a public limited liability company. It is licensed and regulated under the Securities Act of 2001.
The ECSE carries on business as a regional securities exchange and facilitates the buying and selling of financial products, including corporate and government securities for the member territories of the Eastern Caribbean Currency Union.
The ECSE has a wholly-owned subsidiary, the Eastern Caribbean Central Securities Depository Ltd. Its main activities include the post-trade clearing and settling of securities market transactions and also the electronic maintenance of records of securities on the behalf of securities issuers.
The registered office is situated at Bird Rock, Basseterre, and St. Kitts.
About Blockstation Inc.
Blockstation, a leading Canadian FinTech company founded in 2014, provides one of the first digital asset trading solutions for stock exchanges. It provides the end-to-end and compliant listing, trading, clearing and settlement of digital assets and security tokens for the entire ecosystem of broker-dealers, investors, issuers, depositories and regulators. Blockstation enables stock exchanges to quickly meet investor demand for digital assets and attract new listing and trading revenues. The solution fits existing IT infrastructure, trading processes, risk management and regulatory frameworks. www.blockstation.com
Blockstation media contact:
Michael Spiar
Content Manager
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/53133
Blockchain
39% of Canada’s institutional investors have exposure to crypto: KPMG
According to a report from CoinTelegraph, nearly forty percent of institutional investors in Canada have exposure to cryptocurrency, as revealed by KPMG. This finding underscores the growing acceptance and adoption of digital assets among institutional investors in the country.
The report indicates that a significant portion of institutional investors in Canada are actively investing in or exploring opportunities in the cryptocurrency market. This trend reflects a shift in sentiment towards digital assets, with more investors recognizing the potential for long-term growth and diversification offered by cryptocurrencies.
KPMG’s findings highlight the increasing mainstream acceptance of cryptocurrencies among traditional investors, as well as the growing interest in blockchain technology and its potential applications across various industries. As institutional investors continue to enter the cryptocurrency market, they are expected to bring additional capital and liquidity, further fueling the growth and maturation of the digital asset ecosystem.
Overall, KPMG’s report signals a significant milestone in the adoption of cryptocurrencies in Canada, indicating that institutional investors are increasingly recognizing the value proposition of digital assets and integrating them into their investment portfolios. This trend is likely to accelerate the broader adoption and mainstream acceptance of cryptocurrencies in the country and beyond.
Source: cointelegraph.com
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Blockchain
BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests
The BounceBit (BB) Megadrop is now open for participation, as announced by Blockchain.News. This event presents an exciting opportunity for users to earn BB tokens by engaging in various activities, including subscribing to BNB locked products and completing Web3 quests.
Participants can join the BB Megadrop by subscribing to BNB locked products or completing Web3 quests, both of which offer different avenues for earning BB tokens. By participating in these activities, users have the chance to accumulate BB tokens and potentially benefit from the rewards associated with the Megadrop.
Subscribing to BNB locked products allows users to earn BB tokens by locking their BNB assets for a specified period. This not only provides users with an opportunity to earn rewards but also contributes to the liquidity and stability of the BounceBit ecosystem.
Additionally, completing Web3 quests offers users an alternative way to earn BB tokens by engaging in various tasks and challenges related to Web3 technology. These quests provide users with a fun and interactive way to learn about blockchain and cryptocurrency while earning rewards in the form of BB tokens.
Overall, the BB Megadrop presents an exciting opportunity for users to participate in the BounceBit ecosystem and earn rewards by engaging in activities that contribute to the growth and development of the platform. As the Megadrop progresses, participants can look forward to additional opportunities to earn BB tokens and potentially benefit from the rewards associated with this event.
Source: blockchain.news
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Blockchain
Cronos collaborates with KYVE to revolutionize Blockchain Data
Cronos, a prominent blockchain platform, has announced a collaboration with KYVE aimed at revolutionizing blockchain data, as reported by CryptoNewsZ. This partnership represents a significant step forward in enhancing the efficiency and scalability of blockchain data storage and retrieval.
The collaboration between Cronos and KYVE seeks to leverage KYVE’s decentralized data storage and retrieval solution to enhance the capabilities of the Cronos blockchain platform. By integrating KYVE’s technology, Cronos aims to address the challenges associated with storing and accessing large volumes of data on the blockchain, such as scalability and cost-effectiveness.
KYVE’s decentralized data storage solution utilizes a network of distributed nodes to store and retrieve data, ensuring high availability and reliability. This approach not only improves the efficiency of data storage and retrieval but also enhances the security and resilience of the blockchain network.
The partnership between Cronos and KYVE is expected to unlock new possibilities for decentralized applications (dApps) and smart contracts built on the Cronos platform. By providing a more efficient and scalable solution for blockchain data management, Cronos aims to attract developers and enterprises seeking to leverage blockchain technology for a wide range of applications.
Overall, the collaboration between Cronos and KYVE represents a significant development in the blockchain industry, highlighting the importance of innovation and collaboration in driving the evolution of decentralized technologies. As the partnership progresses, it is poised to deliver transformative benefits for blockchain data management and accelerate the adoption of decentralized applications and services.
Source: cryptonewsz.com
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