Liberty Equity Management LLC has chosen
Stonegate Global Fund Services in partnership with
Securitize to provide tokenization services for the World’s First Net Lease Security Token FundTM.
Michael Flight, CEO of Liberty Real Estate Fund, said they had vetted numerous fund administration and digitization service companies and the Stonegate Securitize partnership was the solution for all of their needs.
Jamie Finn, Securitize President & Co-Founder, said they are excited to have been chosen alongside Stonegate Catalyst by Liberty as their technology provider and digital transfer agent.
“Our technology platform enables investors to quickly and easily onboard and subscribe with minimal friction.”
Congress Members Introduce Stablecoin Legislation
On December 2, 2020, Congresswoman Rashida Tlaib (MI-13), Congressmen Jesús “Chuy” García (IL-04) and Chairman of Task Force on Financial Technology Rep. Stephen Lynch (MA-08), announcedStablecoin Tethering and Bank Licensing Enforcement (STABLE) Act (the Act), which, among other points, proposes to impose obligations on issuers of stablecoins. For example, the Act would:
Require prospective stablecoin issuers to obtain a banking charter;
Require companies offering stablecoin services to follow the appropriate banking regulations under existing regulatory jurisdictions;
Require company or bank stablecoin issuers to (1) notify and obtain approval from the Federal Reserve (Fed), the Federal Deposit Insurance Corporation (FDIC), and the appropriate banking agency prior to issuing the stablecoin and (2) maintain an ongoing analysis of potential systemic impacts and risks; and
NTT DATA and Securitize Japan Partner to Offer Optimized Security Token Solutions for Local Market Participants
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TOKYO, Dec. 10, 2020 /PRNewswire/
Securitize Japan (Securitize Inc), a leading primary issuance and compliance platform for digital securities (security tokens) today announced that it has partnered with NTT DATA Corporation (NTT DATA), also an innovator in their respective field, to build out a securities token (ST) solution for the Japanese market.
The partnership aims to develop and offer an optimal security token platform for corporate clients in Japan. As an initial step, both companies completed the first phase of the process leveraging their strengths to understand the unique local requirements and defined scope for such a solution. Once complete, both companies will jointly market the offering to their clients.