Colizeum — a Swiss incorporated Association — is emitting an in-game utility token ZEUM and planning a private strategic sale on the Fintelum tokenisation platform. The ZEUM token has already attracted USDC 5m private seed funding and is planning to release a part of the locked-up tokens, allowing for initial decentralised exchange (DEX) offering (IDO) by the community.

Decentralised blockchain-based gaming as a solution
The current gaming industry is favoring a multitude of intermediaries at a high cost to game developers and game consumers alike. The team behind Colizeum have identified a slew of systemic inefficiencies, which can be addressed by offering a decentralised software development kit (SDK) to give back the power to game developers. Incentive-based monetization strategies such as play-to-earn tournaments, where players collect special in-game items.

“Decentralized cross-advertising networks and economically-sound incentives structures can be set up in order to give back the power to the fundamental actors shaping the mobile gaming space”, Edgars Vecozolins, CEO

Use of funds
ZEUM token sale proceeds will allow the team to deliver the planned decentralised network and reach out to a wider game developer community. Development of the Colizeum Play-to-Earn model aims to connect all game developers and players into one platform. Innovating how developers monetize their games while allowing players to earn for the time spent playing the games. Developers are competing for player attention and in the long-term, it builds healthy competition between developers, which results in increasing quality and higher overall value.

Team
The Colizeum team are developers of a mobile game Dystopia by Beetroot Lab LLC — a privately held company founded in 2014 (Riga, Latvia), specialising in the field of mobile game development and publishing for iOS and Android platforms.

ZEUM token and offering
Colizeum is planning a private strategic ZEUM token sale on the Fintelum tokenisation platform, offering ZEUM 50,000,000 tokens or until the maximum of USDC 3,475,000 equivalent is collected.

ZEUM is a utility token, with a total supply of 1,000,000,000 units, where ZEUM 200,000,000 tokens have already been sold in a private seed round and an additional 50,000,000 will be made available in a private strategic round. All tokens have lock-up periods, and total of 5.23% from all tokens will be initially available. Seed Round Tokens have 5% initial unlock, Private round tokens have 7.5% initial unlock and Strategic round tokens will have 10% unlock. The remaining lockup periods will expire gradually over the coming 24 month period.

The ZEUM token will be offered through a private access on the Fintelum tokenisation platform, pursuant to KYC and AML requirements and project offering documentation. Updated documentation will be published before the start of the sale, expected in October 2021.

The private strategic sale is planned in three pricing tiers:
ZEUM 10,000,000 tokens will be offered at USDC 0.072 price
ZEUM 15,000,000 tokens will be offered at USDC 0.073 price
ZEUM 15,000,000 tokens will be offered at USDC 0.074 price

To submit interest about the project visit www.Colizeum.io and https://www.fintelum.com/featured_projects/colizeum/

Keepp AS — a share company registered in Latvia, is the first security-token offering (STO) project listed on Fintelum tokenisation platform. The equity-token crowdfunding campaign aims to bring-in investors from Europe and beyond, offering an ability to invest in a euro-denominated security, using also cryptocurrencies, such as bitcoin and ether.
The investment project aims to scale market-proven network of short- and long-term self-service storage facilities. In the first phase, the project plans to develop across Riga, Latvia. In the next, Keepp targets Lithuania and Estonia, fully covering the Baltic States and later following with the expansion across Europe. This fundraise is related to the first phase of business development, offering an unprecedented ability to invest cryptocurrencies in a physical business and become share-token-holders in a growing company.
The security token offering is planned to be represented on the Ethereum blockchain in the form of a security token (KEP). Total project funding sought is EUR 850,000. The offering is open to investments for individuals and corporate entities alike. Investors may purchase dividend-paying preferred shares of Keepp AS at EUR 2.50 per share and gain the right to dividend, estimated at around 15% per annum.
Fintelum showcases a direct investment into the Keepp AS share capital, without any special purpose vehicle (SPV) structures. Keepp represents an unprecedented direct investment in a highly demanded short-and-long-term storage business. Innovative asset allocation in a transparent European jurisdiction with considerable dividend translates into an attractive investment opportunity in a yield-starved and covid-19-disrupted investment environment.
Fintelum — a crypto crowdfunding platform — is an active contributor to the industry development. Member of the European Crowdfunding Network (ECN), Fintelum have been raising awareness about crypto-asset- based funding mechanisms and crowdfunding industry at large.
A Security Token Offering or STO is a funding method that may involve fiat money or cryptocurrencies being transferred towards purchasing a regulated security product in the form of a cryptographic token. A security token offering can be an equity token, debt token, hybrid or derivative asset token. Either security token type of offering is regulated by the existing securities and crowdfunding laws. Each purchase is made within the framework of an offering document and related KYC/AML processes. A token offering is deemed to be a security if it promotes future increase of value of the representative token.
Security token offering as the name implies is an offer of a security, where offering details, such as the amount, lock-up periods, or the eligible investor types may differ by jurisdiction. As any security asset, a security token can be traded or exchanged. The primary offering of a security can be done either through crowdfunding, private placement, or public prospectus offering.
Depending on the investors’ demand, the Keepp project also considers to open the secondary market. To invest, visit fintelum.com or keepp.eu

Investment snapshot:
Investment type: Equity token in Keepp AS share company Jurisdiction: Latvia, Europe
Accepted currencies: EUR, BTC, ETH
Price per share: EUR 2.50
Minimum investment: EUR 50
Maximum investment: EUR 100,000 Minimum funding sought: EUR 350,000 Maximum funding sought: EUR 850,000 Expected return (dividend): 15%
Float ratio: 50%
Token type: Security on Ethereum blockchain

Keepp — a share company, registered in Latvia is announcing plans for equity crowdfunding campaign assisted by technology and compliance provider Fintelum. In the unprecedented fundraise, Keepp will be issuing a security token on the Ethereum blockchain, representing the share ownership.

The EU-based business Keepp aims to scale market-proven network of short- and long-term self-service storage facilities. In the first phase, the project plans to develop across Riga, Latvia. In the next, Keepp targets Lithuania and Estonia, fully covering the Baltic States and later follow with the expansion across Europe. This fundraise is related to the first phase of business development.

Keepp tested the self-service storage concept from 2018 until late 2020 under the name CityBox (city-box.lv). In order to ensure the growth of the company, the founders Kristaps Laipnieks, Kārlis Jansons and Reinis Grunte changed its trademark, and established a new company — Keepp AS (akciju sabiedrība). The existing investments, clients, cash flows, as well as the experience accumulated by the team were transferred into the Keepp AS capital.

The euro denominated security token offering is planned to be represented on the Ethereum blockchain. The fundraise plans to accept EUR, BTC, ETH as investment currencies. Total funding sought is EUR 850,000. The offering will be open to investments from individuals and corporate entities. Investors may purchase dividend-paying preferred shares of Keepp AS at EUR 2.50 per share. Depending on the investors’ demand, the project considers to open the secondary market, enabled by the Fintelum platform.

Originally published at https://news.fintelum.com on October 16, 2020.

Imagine yourself spending your bitcoin partying the Friday night in Paris, France and then the next day being lost for choice what to do in New York City, because there are close to 200 venues with an option to pay in cryptocurrencies.

Author: Liza Aizupiete
“Fintelum” Managing Director

Or, imagine that you are from a politically unstable jurisdiction, but with a relatively stable internet, which allows you to manage a personal online-wallet, or login to a crypto-exchange and invest with cryptocurrencies into a project from a favourable jurisdiction with a clear rule of law and transparent governance. Today, according to coinmap.org there are close to 20,000 venues that accept cryptocurrencies as a payment for goods and services, or as in the case of Fintelum.com, for finding equity investments. This article is about what you can do with your crypto savings today and why it is the best non-political, universally acceptable medium of exchange that has ever happened to humanity.

Money is a social construct like language. No other animal on our planet uses anything remotely resembling a medium of exchange. Individually, humans are not self sufficient, and survival with barter is limited to close proximity and immediate necessities. Therefore, money serves as the medium of exchange for goods and services that humans desire or need.

Humanity has seen many forms of money and for many millennia had settled for some shiny metal — gold and silver to be a widely accepted form of money across the planet. These malleable and relatively easily divisible, transportable and geologically scarce metals were universally accepted to be valuable and thus served the purpose of medium of exchange across civilisations.

Money as we know it today is no longer shiny or precious, but paper or digital zeros and ones on a computer network. Most importantly, ever since the world has transitioned from precious metal based monetary system to fiat, or paper money, we have seen an increasing segregation of economies, based on national principles, with one authority responsible for maintaining the units in circulation — the national or supranational central banks.

A nationalisation of a currency makes economic activity exclusive to individuals within the national boarders. For example, you cannot freely use the the Swiss Franc to buy goods in another country, unless it has been adopted by people from other nations, as is the case with pegged currencies, e.g.: in Cambodia for US Dollar. Clearly, the British Pound is of no use at the local coffee shop in Paris, where Euro is the legal tender or accepted fiat currency. Or, think of the North Korea, in an extreme case example. And if a citizen is going abroad, their headache is how to convert their national units into other nation’s currency, a foreign exchange issue becomes salient as the travelling date approaches.

Granted, in today’s Covid-19 beset world, we travel less and do not do foreign exchange by physically converting money. But the online investments and trading has not slowed down. On the contrary, investment activity has been on the rise since lock-down were imposed across nations. The rate of trading app downloads exploding and retail participation generally increasing as everyone stays home to work, saving on travel and investing in areas of interest — e-gaming gambling, foreign exchange scalping, indices volatility trading, peer-to-peer lending or equity investment for the rainy-day.

With trading apps and venues ubiquitous, do we have equally accessible investment opportunities across the globe? — Hardly. If you live in the United States or Europe, you are privileged and have access to financial services with a relatively stable, albeit inflationary, monetary systems. You have decent investment opportunities through your bank or brokerage, or if you are savvy, you invest into peer-to-peer lending or equity investment projects through various crowdfunding platforms. What about if you dwell in a sunny but not so stable or law-abiding jurisdiction, where you don’t trust your national currency or that your business is no longer welcome to the “generals” or dictators in charge?

Cryptocurrencies, such as bitcoin and ether are public and available to everyone in any jurisdiction. Similarly to foreign exchange, you can exchange your national currency for cryptocurrency or accept it as a payment for your products or services. The ownership and use of alternative currency such as bitcoin or ether allows you to have an economic impact not only in your country, but in almost any civilised country on the globe.

Bitcoin and ether are like foreign currency, because they are not managed by your nation state, which you might not trust anyway. And yet they are not foreign as they are not managed by any state. — They are local. They are accessible. They are open, in a system of global consensus. Cryptocurrencies offer the same access to financial independence to people in Cambodia and Columbia as in Europe, USA and China. Using cryptocurrencies is like speaking one language and casting a vote in a system where trust is not needed.

At Fintelum, we see a place for crowd investment globally for projects of smaller capitalisation than a typical IPO, by means of tokenisation. These are often more solid and of higher expected returns and thus more attractive investment opportunities for the retail investor globally. We foresee the world to become even more open and democratic. We all can cast a vote for projects we like, using cryptocurrency as a means of payment across national boarders. We can participate in growth and innovation which is not limited to a local area. The world becomes a better place, when it is openly competing with ideas and opportunities and offers a way to participate for everyone on the same terms.

Originally published at https://www.macroeconomics.lv on September 9, 2020.

As we all know, the coronavirus outbreak has made a huge negative impact on people’s health, mental and financial state worldwide. One cannot possibly foresee the precise implications this crisis will entail, nor can anyone predict the time, when the world is up and fully running again.

As a fintech company that focuses on bringing together crowds of retail investors with businesses, we keep track on what is happening in the private sector, and things seem to be downcast. A network of accountants in the UK have done research, which suggest that somewhere between 800,000 and a million companies might have to close, simply because they might run out of cash.

This got us thinking — a perfectly sound business, that has scaling and profit potential in a standard market scenario should not be written off during the times of crisis. After all — all crises end, and the huge economic machine gets back to its former speed — or even faster. The only problem is, obviously, short supply of cash to winter the crisis out.

Large banks or governments are not only focused on large companies, but also would not have the time nor dedication to examine each case to aid smaller entrepreneurs financially. So where would a business have to go, to give a bit of equity in return for the imperative financial injection?

We think it’s the people. The people that sustain the business sector in the first place — customers. In return, the customers and investors would receive a small part of the company, for support during the economic downturn. At times like these, a 6 month financial runway would help businesses to pay rent, pay salaries, and, after this is all over — generate income for the investors and contributors.

Originally published at https://news.fintelum.com on April 7, 2020.

We are happy to share that Latvia has become an attractive jurisdiction to carry out security token offerings, thanks to the new prospectus exception amendment. As Fintelum team contributed towards these amendments, the CEO Liza Aizupiete comments:

In a bid to help startup and real-estate sectors access better funding options, the present changes to the securities law are making Latvia a more attractive EU member state for capital raising. The present regulatory environment allows Fintelum to serve small and medium-sized enterprises raising up to EUR 3 million, within 36 months, with lower capital markets entry barriers. Investors will be able to invest in fiat or cryptocurrencies and access fractionalized ownership of dividend-yielding projects, open to retail investors. With Fintelum tokenisation and compliance tools, fractional owners of securities, or utility tokens, will be able to swap interest in projects using our peer-to-peer secondary market and thus increase liquidity in typically illiquid assets. For example, if you own a part of a company that owns either a real estate or represents a commercial company, you can digitally buy or sell these fractions among existing shareholders, or you can seek new investors interested in the project.

Coincidentally, the U.S. SEC has also increased the crowdfunding regulation (Reg CF) maximum capitalisation from USD 1 m to USD 5 m. These two consecutive improvements to the existing laws are a strong indication of positive developments in the crowdfunding and tokenisation scene as well. Also, the Canadian authorities are looking into amending their crowdfunding law. Public consultations are still open.

Originally published at https://news.fintelum.com on March 12, 2020.

In a move that aligns with Latvian pro-investment and digital innovation sentiments, lawmakers have amended the country’s securities law (FITL), which could potentially benefit the STO industry at large. The adjustments made through the Latvian prospectus exception make it much easier for small and medium companies (SMEs) to raise capital via a prospectus exempt public offering. Such prospectus exemption fits well within the tokenization framework, where issued equity can benefit from increased liquidity in the form of tokenized assets.

The Latvian prospectus exception showcases a forward-looking stance in regards to innovative financial tools, allowing for direct access of investors in primary and secondary markets for small capital investments. It also demonstrates a strengthening of the country’s capital market positioning within the EU.

Previously, companies were able to raise capital from 100,000 EUR to 5,000,000 EUR subject to a simplified prospectus. While this prospectus exception did spur some business, the task was cumbersome. In all instances, companies needed to hire a broker or a bank and a host of other third-party organizations just to accomplish their crowdfunding ventures. As a consequence, with all the costs incurred, a fundraise of, say, 1,000,000 EUR left the company with more expenses than benefits.

Latvian Prospectus Exception

Latvia’s latest prospectus exception is likely to up the amount of tokenized securities a firm can issue before filing a prospectus with regulators for larger issuances. The new rules allow prospectus-free issuance up to 1,000,000 EUR, and between 1,000,000 EUR and 8,000,000, a simplified offering document must be prepared according to the rules of the regulator. Whereas securities offering below 3,000,000 EUR can be done without the involvement of a broker or a bank. Importantly, this last exception is only available to small or medium businesses. Amazingly, these firms would have the ability to host one or several offerings under the total amount of 3,000,000 EUR every 36 months.

Notably, the prospectus exception lists that the issuance offers either equity or debt-based securities. Tokenized equity and debt provide new liquidity in the market. As such, new markets continue to form around these unique financial instruments. Discussing the prospectus exception, Liza Aizupiete, Managing Director of Fintelum stated

In a bid to help startup and real-estate sectors access better funding options, the present changes to the securities law are making Latvia a more attractive EU member state for capital raising. The present regulatory environment allows Fintelum to serve small and medium-sized enterprises raising up to EUR 3 million, within 36 months, with lower capital markets entry barriers. Investors will be able to invest in fiat or cryptocurrencies and access fractionalized ownership of dividend-yielding projects, open to retail investors. With Fintelum tokenization and compliance tools, fractional owners of securities, or utility tokens, will be able to swap interest in projects using our peer-to-peer secondary market and thus increase liquidity in typically illiquid assets. For example, if you own a part of a company that owns either a real estate or represents a commercial company, you can digitally buy or sell these fractions among existing shareholders, or you can seek new investors interested in the project.

Santa Purgaile — Head of the Latvian Financial Regulator (FKTK)

Latvian Crypto Sector

Latvia continues to be one of the top pro-crypto countries in the EU. Latvia has always had an active Bitcoin mining sector. As such, the country has seen incredible adoption. For example, in 2014 airBaltic became the first airline in the world to sell tickets for Bitcoin. Notably, Latvia is home to one of the world’s leading full-service blockchain technology companies — Bitfury.

Blockchain Integration

Realizing how powerful blockchain technology really was, the Latvian State Revenue Service announced that it would employ blockchain tech to combat tax evasion back in February 2019. Additionally, these regulators stated publicly that blockchain technology creates new business opportunities.

Latvia Prospectus Exception

The Latvian prospectus exception is sure to spur significant growth within the country’s STO sector. The country has a lot of momentum in the industry and this latest legislation should make Latvia an even more attractive country for any blockchain startups seeking friendly shores. For now, many of the regulators of the world could learn a thing or two from Latvia.

Source: https://www.securities.io/the-latvian-prospectus-exception-amendment/

Originally published at https://news.fintelum.com on March 4, 2020.

By Joshua Stoner

A Global Perspective

With the year, and decade, coming to a close, we at securities.io thought it prudent to gauge industry sentiment as it stands. What is the current state of the digital securities sector? Is it better today than it was yesterday? Maybe those ‘in-the-know’ feel as though strategic work still needs to be done.

These are all queries that many may have, including us as securities.io. With this in mind, we have reached out to various representatives within the sector. Each hailing from differing regions of the globe.

The following commentary sheds insight into their thought processes, and how regulatory environments may shape market perception.

Influencers

Africa, Asia, Europe, North America, and the United Kingdom are the regions which we have decided to look at, on an individual basis.

The following companies and their leads have taken the time to share their thoughts.

• MERJ (Africa)
• InvestaX (Asia)
• Fintelum (EU)
• Vertalo (North America)
• Smartlands (United Kingdom)

This edition will focus on Fintelum (EU), with subsequent entries into the series being published in the coming weeks.

Penny for your Thoughts?

Our methodology was simple — ask the same 5 simple questions pertaining to digital securities to 5 CEO/Managing Directors from around the world. The goal? Gain insight into the variances in perception and adoption of the sector based on geography. Something we feel is an important metric, given the potential of the sector to influence FinTech on a global scale. The questions were as follows:

1. In your opinion, what represents the largest industry achievement/hurdle cleared, to date?
2. With the aforementioned achievements laying a foundation for the industry, what remains as the biggest obstacle moving forward?
3. With regards to ‘friendly’ regulation and government acceptance, have you noticed any countries leaving the rest behind?
4. Much has been made about the transformative capabilities of digital securities. With the potential to affect change in many industries, which do you feel stands to benefit the most from the digital securities sector?
5. Looking forward, where along the growth trajectory do you see digital securities in the next two, and five years?

Europe — Liza Aizupiete, Managing Director of Fintelum

Offering a suite of services built around digital securities, Fintelum is an Estonian based company, which launched in 2018. The company looks to make full use of licensure, obtained through the Estonian Financial Intelligence Unit (FIU), in order to bring clients a comprehensive platform.

1. In your opinion, what represents the largest industry achievement/hurdle cleared, to date?

LA: Looking at the digital securities space in Europe, I would say, the biggest achievement has been raising awareness about the industry in general. I took part in the EU Commission’s High-Level Roundtable on Cryptocurrencies and ICOs back in Feb 2018. That was one of the first attempts for the crypto industry participants and EU regulators to gather around a table and discuss how the industry should be overseen.

Cryptocurrencies is one thing. It’s to do with the monetary theory and personal liberty expressions. But when you enter the realm of securities, which historically for the purposes of investor protection are a heavily regulated area, you are facing existing securities laws that need to be reckoned with.

ICOs came about as a wholly new asset class. It stands apart in the digital assets space. STOs, however, are nothing less than digital representations of presently in-force forms of legal agreements.

Therefore, for industry players it was first to understand for themselves, what digital securities are, then educate and raise awareness to others and especially the regulators. Indeed, it’s encouraging to witness that Blockchain as a technology and fintech industry development at large are being placed as one of the main objectives of the political guidelines, put forward by the EU Commission’s president Ursula von der Leyen, in December 2019 inauguration speech.

1. With the aforementioned achievements laying a foundation for the industry, what remains as the biggest obstacle moving forward?

LA: There are few obstacles for securities to exist in a digital format. Especially, if we want to represent them as cryptographic programmable tokens, publicly visible to everyone, and yet obfuscated as to the exact ownership. Furthermore, we are obliged to follow the existing local securities laws, which uniformly mandate investor protection. From there it follows that decentralisation is not strictly possible, and centralised governance and exogenous controls are required to ensure strict compliance with the securities laws.

However, it would be an understatement to say that these very laws are relevant today. Indeed, the whole industry lacks innovation precisely because these laws were written for the day and age, when internet was not a thing, let alone a smartphone or cryptocurrency.

Both primary issuance and secondary market operations are laden with practical obstacles. In most European jurisdictions one cannot purchase securities with cryptocurrencies.

Another obstacle concerns localisation, when a project solicits cross boarder investors. Most crowdfunding platforms limit their scope to local investor sources, whereas cryptocurrencies would allow for border-less investment flow. This may especially be attractive to nations with less economic and political freedoms to invest in a country with clear rule of law, such as the European member states.

The same goes to operating a secondary market for digital securities. In Europe one would run into obligation to get local authorisation (bank, broker or MTF license). Secondary market is clearly over-regulated, and unduly so, when it comes to small capitalisation securities.

One positive development, however, is visible in the EU crowdfunding regulation initiative. There the proposal is to lessen the regulatory burden on the secondary market operations allowing bulletin board type of matching for small capitalisation securities.

Overall, security tokenisation is foremost a legal hurdle, if one is to do it right. And by right, I mean allow for investment and exchange in cryptocurrencies on a global scale and at the same time operate according to the local securities laws.

There are a number of obstacles, some of which we at Fintelum are trying to overcome by lobbying changes to the local securities law. It is our aim to allow for security tokens to act as transferable securities instruments in a given jurisdiction. And thus alleviate issuance and subsequent shareholder register maintenance in a less costly and more technically effective way.

1. With regards to ‘friendly’ regulation and government acceptance, have you noticed any countries leaving the rest behind?

LA: There are countries in Europe that have tried to embrace crypto and blockchain innovation. And those which have rushed to regulate it, albeit with the best intentions.

Take Malta as an example. Last year I had the opportunity to sit on a Token Modelling panel at the first Malta Blockchain Summit, which was attended by over 8,500 people. This event coincided with the new law on crypto and blockchain coming in to force on 1 November 2018. Although the aim was to make Malta the centre of blockchain business and innovation, the result is quite the opposite. Largely due to overbearing and restrictive set of rules, there are not that many businesses setting up in Malta as a consequence, a year later.

On another spin, Germany, for example, up until recently did not have any crypto specific regulation. But it has been legal to use cryptocurrencies for purchasing and exchanging debt instruments.

Another progressive development came through from Luxembourg and France last year. Broadly, both countries enacted their regulatory approval for securities to have blockchain based representation as valid, acceptable and wholly legal.

1. Much has been made about the transformative capabilities of digital securities. With the potential to affect change in many industries, which do you feel stands to benefit the most from the digital securities sector?

LA: With the advent of cryptographic, programmable blockchain money, we are already seeing advancement in global financial inclusion. Just by pure existence, cryptocurrencies such as bitcoin and ether offer alternative monetary systems to those who disagree with their fiat counterparts around the world nation-states.

If the first use case was money, then the second most important use case is investment. Digital securities, such that we have envisaged at Fintelum, are digital representations of presently in-force forms of legal agreements. Undoubtedly, the law is overly restrictive and even irrelevant today. And, it is bound to change, adapt and improve, eventually.

Meanwhile, if blockchain based transferable securities instruments start populating public peer-to-peer blockchains soon, we should see a much more increased data transparency, inclusiveness and true globalisation.

If data is more accessible, it also means that the levels of education and general understanding amongst retail investors will inevitably increase.

Any industry whre one needs a trustless and permanent trace of some event, or where one requires an immutable digital public record will benefit. Because the technology has indeed arrived.

1. Looking forward, where along the growth trajectory do you see digital securities in the next two, and five years?

LA: Despite the technology advancement, we the people still need to catch up on all that is now possible. In two years time, we might have many proven business cases. But at the same time, we will certainly still be acquiring knowledge and improving adoption. The learning curve will eventually steepen, especially in more advanced economies. The least advanced economies may even be at the frontlines of adoption due the political circumstances.

In five years time, everything can change. Perhaps by then we will have new technologies that we will need to adapt to. Take quantum capabilities, for instance, or artificial intelligence applications.

Today, it is our intention, however, to pair programmable securities against programmable money. In other words, issue and pair securities against cryptocurrencies and thus advance adoption and use cases.

Conclusion

Well there you have it! As 2019 is about to wrap up, there is a clear trend evident within the sector — a positive one. While many hurdles have been met and cleared, there remain many more on the horizon. Despite this, the potential that digital securities holds to reshape FinTech remains as tantalizing as ever.

We will touch base in a few months, to re-gauge industry sentiment with a new set of influencers from around the world. Until then, stay informed by frequenting securities.io!

Originally appeared on Securities.io on 20 December 2019 edition

https://www.securities.io/a-global-perspective-europe-edition/

Tokenisation is the second most important application for cryptocurrencies. Both utility tokens and security tokens offer a variety of benefits for issuers and investors. With security tokens, however, compliance is of importance. Find out the benefits and nuances of issuing blockchain-based financial instruments.

Thanks to OKEx for organising this event, as well as Bankera and MyWish Platform for new insights and productive discussions.

Originally published at https://news.fintelum.com on November 27, 2019.

Recent troubles in the Baltic & Nordic banking sector: how does that affect FinTech businesses?

RECENT TROUBLES IN THE BALTIC & NORDIC BANKING SECTOR: HOW DOES THAT AFFECT FINTECH BUSINESSES?

10th annual Baltic M&A and Private Equity Forum event features FinTech discussion panel, moderated by Liza Aizupiete, Fintelum and participants:

• Mārtiņš Šulte, Mintos
• Reinis Bērziņš, Altum
• Andris K. Bērziņš, Change Ventures
• Normunds Igolnieks, ZGI Capital
• Jānis Brazovskis, Finance Latvia Association

Event organised by:

• Dienas Bizness
• Sorainen
• Äripäev
• Verslo Žinios
• LVCA
• ESTVCA
• LTVCA

Special thanks to the main organiser Eva Berlaus of Sorainen Latvija.

Originally published at https://news.fintelum.com on November 20, 2019.