20 May

“Today the DTCC, the world’s largest securities settlement organization, made two significant proposals to tokenize and digitize securities using distributed ledger technology (DLT). In 2019 the DTCC’s subsidiaries processed securities transactions valued at $2.15 quadrillion.

Project Whitney is the edgier of the two proposals and aims to tokenize private securities and enable secondary trading. This would initially target Regulation D (SEC Exemption) equities.

The tokens would be minted on the public Ethereum blockchain, but there is a compliance oracle that can approve or reject transactions. Additionally, there would be a centralized stock record of the security’s ownership that uses the AWS Quantum Ledger Database.”

“Vitalik Buterin has called for lawmakers to be more accommodating to blockchain protocols, saying they can actually help antitrust agencies fight monopolies and anti-competitive behavior.

Buterin and Schrepel argue antitrust agencies promote decentralization by punishing anti-competitive behaviors to prevent “harmful concentrations,” similar to a blockchain that puts decentralization at its very core layer of functioning.

On a more pragmatic level, the report argues that allowing blockchains to flourish will actually benefit antitrust agencies. As anyone can transact on them, irrespective of location, they can create fairer environments in places where there is either ineffective or non-existent antitrust enforcement.”

“Previously, the bank had issued its ReitBZ tokens on the Ethereum blockchain, raising $10 million in Ether (ETH) and Gemini Dollars (GUSD). $5 million worth of ReitBZ will be switched to Tezos, including the $2.5 million new raise that was conducted in fiat.

The reason behind this diversification is that the bank wants to have its options open, as there is no way of telling which blockchain will prevail in the long run.

BTG Pactual considered working with service providers like Securitize, but decided to do it themselves in order to learn the ins and outs of issuing digital securities.”

See Also: You Can Now Buy Tezos From 10,000 Convenience Stores in France

Opyn: Decentralized Options

“The law would mean Iranian crypto exchanges must be licensed by the Central Bank of Iran and follow legacy foreign currency exchange guidelines, although it’s not apparent how existing exchanges should apply for licensing.

What is clear is the Iranian government is looking to quell capital outflow by preemptively justifying any moves to shut down or penalize local crypto exchanges.”

“A cryptocurrency investment fund has launched a class-action lawsuit in a U.S. court against Block.one and EOS’ high command, arguing the “fraudulent scheme” failed to deliver on its primary promise of decentralization.

It was the 21 block producers (BPs) who really controlled the ecosystem rather than the community itself, the filing reads. Key parts of the governance system such as the arbitrator, who could reverse and freeze transactions at will, were never disclosed at the time of the sale, the plaintiffs claim.

Block.one did not have the ability to create a decentralized EOS blockchain.”