Security Token news for Week ending 10 January 2020

Announcing the Daily Fintech weekly news curation on Security Tokens

Here is our pick of the 3 most important Security Tokens news stories during the week that just ended:

One. WisdomTree leads $17.6 million funding round for security token startup

Securrency, a provider of compliance tech for digital assets, has raised $17.65 million in a Series A funding round led by WisdomTree, the $44.5 billion exchange-traded fund (ETF) and exchange-traded product (ETP) asset manager. 

This shows traditional financial firms getting in on the security token action. 

Two. SEC seeks to force Telegram to reveal how $1.7bn ICO funds were spent

According to SEC, the encrypted messaging service app provider has so far refused to provide any financial information, including how the money has been spent in the past two years. 

The SEC is the top cop in this space and their actions are watched closely by all players in security tokens.

Three. Security Token Show features ZiyenCoin As One of the Leading Security Tokens in 2019

Ziyen Energy has been featured as “One of the Leading Security Tokens That Launched in 2019” by the Security Token Market (STM) on their latest podcast.

This shows Security Tokens breaking into mainstream markets as Ziyen Energy is in oil & gas, nothing to do with Crypto other than the financing mechanism.

We have a self-imposed constraint of 3 news stories each week because we serve busy senior leaders in Fintech who need just enough information to get on with their job.

For context on Security Tokens please read the chapter on Security Tokens in our Blockchain Economy book and read articles tagged Security Tokens in our archives. 

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