Citadel Securities announced that VC firms Sequoia and Paradigm made a $1.15 billion combined minority investment in the market maker, bringing its valuation to $22 billion. The partnership with Paradigm, a Web3-focused investor, signaled Citadel Securities’ shift toward new asset classes such as crypto.Sequoia, who led the round, with investment from Sequoia Heritage, Sequoia … [Read more...] about Citadel Securities takes in $1.15B investment from Sequoia and Paradigm
Securities
European Markets Regulator Seeks Feedback on Regulation of Tokenized Securities
The European Union’s markets regulator is seeking feedback on whether regulations need to be amended to accommodate tokenized securities.The European Securities and Markets Authority (ESMA) is seeking submissions from stakeholders on the use of blockchain technology in the settlement and trading of tokenized securities.Specifically, ESMA is exploring whether existing rules need … [Read more...] about European Markets Regulator Seeks Feedback on Regulation of Tokenized Securities
Binance Still Not Authorized to Operate in Ontario, Securities Commission Says
No entity in the Binance group of companies holds any form of securities registration in Ontario, the commission said. Unregistered platforms operating in Ontario may be subject to action, including temporary orders, to ensure compliance which could affect their ongoing local business operations, the statement added. Source link … [Read more...] about Binance Still Not Authorized to Operate in Ontario, Securities Commission Says
Binance Held Talks With Ontario Securities Commission, Says Restrictions on Users Remain
In addition, Binance says restrictions for Ontario users remain in place, which include no trading, prohibited from opening new accounts, and the exchange won’t market its services to Ontario-based users. Binance said it will consult with the OSC before updating users on the regulatory status of their accounts. Source link … [Read more...] about Binance Held Talks With Ontario Securities Commission, Says Restrictions on Users Remain
Why a securities specific blockchain is needed, explained
A successful securities-specific blockchain fills all gaps in the current Ethereum architecture by providing efficiency, automation and transparency. Aligning a functioning blockchain with the needs of modern capital markets will require solutions to governance, identity, compliance, confidentiality and settlement. To address these gaps, Polymath has spearheaded the creation of … [Read more...] about Why a securities specific blockchain is needed, explained