• Coinbase leads $12.75M investment in project to create ‘digital security offerings'

    18 days ago - By Tech Crunch

    Coinbase, the $8 billion crypto exchange giant , is one of a bevy of big name crypto investors backing a project aimed to revolutionize the U.S. securities industry using blockchain technology.
    Brian Armstrong, Coinbase CEO, told the audience at TechCrunch's Disrupt event in San Francisco this past September that his company intends to be the de facto marketplace for buying and trading crypto securities. Now Coinbase Ventures - its VC arm - has backed a startup that intends to help create demand in the market for such a security product.
    Securitize offers a range of services to help...
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  • Breakingviews: Big December I.P.O.s Are Rare. Why Would Tencent Music Do One?

    18 days ago - By NY Times

    China's answer to Spotify may push on with a $2 billion New York listing next month, but it's a bad time of year to sell new equity.
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  • Big asset managers like BlackRock are sitting on the sidelines of the $75 billion US marijuana industry because of one big pain point, and fixing it could inject billions into the rapidly growing sector

    Big asset managers like BlackRock are sitting on the sidelines of the $75 billion US marijuana industry because of one big pain point, and fixing it could inject billions into the rapidly growing sector

    18 days ago - By Business Insider

    The world's largest asset managers are sitting on the sidelines of the US marijuana industry .
    Marijuana is federally illegal in the US. That means that custodian banks are generally reticent to clear stocks of marijuana companies that have US operations.
    That could change with the passage of the States Act, which securities lawyers say would give enough clarity around how the federal government will treat the nascent sector for banks and asset managers to do business.
    BlackRock, the world's biggest asset manager, says it wants to invest in US marijuana stocks - but not quite yet.
    There's...
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