The Thai National Legislative Assembly has approved changes to the law allowing tokenized securities to be issued and traded in the country.
CoinDesk
Indiegogo Facilitates Issuance of Securities Tokens
Indiegogo, a popular crowdfunding website, is allowing an Aspen-based luxury ski resort to issue and distribute securities tokens via its platform. The hotel is seeking to raise $ 18 million USD through the offering – which Indiegogo has claimed is fully compliant with all pertinent regulations.
Also Read: $ 1.1 Million Landmark Crypto Fraud Case Establishes CFTC Jurisdiction
Ski Resort to Distribute Securities Tokens Via Indiegogo
St Regis, a luxury ski resort in Aspen, Colorado, will distribute asset-backed digital tokens classed as securities via the crowdfunding platform, Indiegogo. The tokens will be issued by Aspen Digital – a true estate investment trust (REIT).
Overstock Ups Investment in Bitt, Furthering Digital Currency Issuance by Central Banks
Today, Overstock’s Medici Ventures doubled down on its investment in the realm of digital currency for central banks. The additional $ 3 million dollar investment in Caribbean blockchain-based digital payment provider Bitt.com signals a reaffirmation of Overstock and Medici’s belief in the ability of digital currencies to become the de facto means of payment transactions.
Medici Ventures originally invested $ 4 million in the Barbados-based fintech company in 2016. At the time of the initial investment, Overstock CEO, Patrick Byrne, stated, “Bitt has a vision for the Caribbean of frictionless mobile cash, beginning with central banks transparently issuing digital fiat which is then exchanged on a blockchain (all under proper regulatory oversight, as with our tØ offering to Wall Street).”