Connect with us


Financial giant SBI to run its first security token offering in October



Japanese financial conglomerate SBI Holdings is getting more serious about the security token offerings industry.

SBI is planning to run its own STO allotting shares of SBI e-Sports, the company’s new e-sports gaming arm, Cointelegraph Japan reports Oct. 9.

Announcing the news on Friday, SBI said that the upcoming STO will be conducted using ibet, a blockchain platform developed by digital security startup Boostry. Scheduled for Oct. 30, the STO will be carried out by SBI’s online securities subsidiary, SBI Securities, while SBI holdings will act as an underwriter.

SBI said that the company considers STOs a “core technology of fintech” and plans to tokenize a number of other assets in the future. The firm stated that it looks to tokenize assets like real estate, fine art, and intellectual property rights including copyrights for games and movies.

A security token offering, or STO, is a type of public offering in which tokenized digital securities, known as security tokens, are sold on special exchanges. A security token represents an investment contract into an underlying investment asset, such as stocks, bonds, funds and real estate investment trusts.

News of the company’s upcoming STO comes shortly after SBI made another move into the space by acquiring a 10% stake in Boostry in July 2020. As reported, Boostry is a joint venture of Japanese investment giant Nomura and Nomura Research Institute.

Source link


Polish city becomes first to adopt Ethereum blockchain for emergency services




Olsztyn, Poland is reportedly the first city in the world to leverage Ethereum’s blockchain to aid the provision of emergency services, offering yet another tangible use case for distributed ledger technology. 

Olsztyn has completed a successful trial run of SmartKey, a bridging technology that connects blockchain with physical assets, to aid in police, fire and ambulance services.

SmartKey will reportedly enable rescue teams to perform their jobs more efficiently by connecting a smart contract to Teltonika smart devices that are used by local rescue teams. This connection enables emergency crews to enter any building in the city without having to track down a keyholder or wait for permission.

Gustaw Marek Brzezin, the marshall of the Warmińsko-Mazurskie Voivodeship in which Olsztyn is located, issued the following statement:

“The need for our rescue services to perform their duties without obstruction is a delicate one. The use of blockchain and SmartKey technology seems to be like the perfect solution, giving reassurance to building owners and inhabitants, but also freedom for our emergency services.”

SmartKey believes blockchain technology can lay the groundwork for the development of smart cities. Although definitions vary, a smart city refers to any urban area that leverages emerging technologies and sensors to collect data, which can then be used to manage assets, resources and services more efficiently. As a paradigm, smart cities feed into other theories about sustainability and economic development.

The Internet of Things, or IoT, could have major implications for future smart cities. Connected devices are thought to represent one of the biggest growth opportunities of the next decade. The World Economic Forum, for example, has identified IoT as an important pillar of “urban transformation,” especially after COVID-19.

Several cryptocurrency projects operate in the IoT niche, the largest being Iota (MIOTA) with a market cap of $825 million. At least a dozen others have a market cap of $1 million or more.