Sheldon Freedman is on holiday this week.
Here is our pick of the 3 most important Security Tokens news stories during the week:
Despite a nearly double-digit retraction in the combined capitalization of the security token sector, real estate tokens gain over 4% during April .
Why It Matters: Security Tokens suffered in April, down 38%. Real Estate tokens are the only bright spot. The pandemic hurt all markets in April, so any sector gaining has to have something interesting. Buying a home is the biggest financial commitment of most people’s lifetime. Buying property commercially has historically only been for the wealthy. Tokenization may change that calculation as it makes fractional ownership so easy.
SEBA Bank AG, a new Switzerland based crypto bank has announced a partnership with Tokensoft, a U.S. based provider of digital asset issuance and management technology. SEBA Bank will use Tokensoft’s technology to enable clients to design, structure, issue and manage digital assets on SEBA’s platform.
Why It Matters: Crypto Banks are working hard to differentiate between themselves and legacy banks. It is all about the costs. Expect more partnership deals as regulated Crypto Banks look to shave basis points off costs by partnering with tech companies down the stack.
VADUZ, Liechtenstein, and Seoul, South Korea – Liechtenstein Blockchain Innovator LCX declare another association with ICON Foundation. ICON Foundation and LCX have signed a memorandum of understanding and concurred on a long term partnership.
Why It Matters: More partnership between regulated Crypto Banks and tech companies down the stack. Cross border is no hurdle – this is Korea meets Lichtenstein. When markets are quiet (as most were in April), entrepreneurs focus on building out product capability.
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