The CryptoAssets Journal

Fintech Disruption Summit Keynote

Ethan will be speaking on Tokenized Securities and the Future of Investment at the virtual Fintech Disruption Summit on September 3rd. Organized by DigiShares, this year’s summit will cover topics in Decentralized Finance, Tokenized Real Estate, and Tokenized Venture Capital Funds.

The summit is targeted towards bankers, accountants, lawyers, stock brokers, investment fund managers, custodians, and other people from the financial industry. The purpose of the summit is to inform and inspire delegates about new opportunities with blockchain technology in the financial industry and in particular with tokenization of securities and assets.

Fintech Disruption Summit

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SEC Issues Dozens of Subpoenas in ICO Investigation

2018 will see tremendous government activity to try and regulate ICO fundraising and cryptoassets in general. With dozens of subpoenas issued yesterday by the Securities and Exchange Commission, we should begin to see the posture the US government will be taking moving forward and the specific legal concerns they will be highlighting.

“The wave of subpoenas includes demands for information about the structure for sales and pre-sales of the ICOs, which aren’t bound by the same rigorous rules that govern public offerings.” (WSJ) It would appear that this first round of investigations is focused on the usage of SAFTs (Simple Agreement for Future Tokens) that are similar to Simple Agreements for Future Equity that are common in early-stage startup investment. The SAFT could be considered as trading in a security even though the transaction isn’t being submitted to the same restrictions and considerations of a typical security. 

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