STO Weekly Review by Evercity 25-31.03.2019

Projects

🇩🇪Börse Stuttgart, Germany's second-largest stock exchange, plans to collaborate with digital publisher Axel Springer and finanzen.net, the country's popular online financial news site, to develop a trading platform powered by blockchain technology.

🇷🇺MMC Norilsk Nickel PJSC and its billionaire chief Vladimir Potanin are planning several digital platforms, including a platform for commodities tokenization The world’s top palladium producer is in talks with Swiss authorities about issuing tokens by its Switzerland-based palladium fund.

💸Social trading/investment platform eToro has bought Firmo Network, a protocol for smart contracts for derivatives, for an undisclosed amount. The goal of the Firmo team will be to tokenize all assets on eToro.

Regulation
🇭🇰New statement by Hong Kong Security and Futures Commission: “Person who markets and distributes Security Tokens (whether in Hong Kong or targeting Hong Kong investors) is required to be licensed or registered for Type 1 regulated activity (dealing in securities) under the Securities and Futures Ordinance. It is a criminal offence for any person to engage in regulated activities without a licence unless an exemption applies.”

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