Copy link
Increase text size
Decrease text size
Link copied

UK-based tokenization startup Smartlands teams up with FINRA-licensed IIP Securities

Tue, 15 Oct 2019, 07:18 am UTC

UK-based tokenization startup Smartlands has announced that it is working with IIP Securities, a FINRA-licenced broker-dealer, to bring its security token crowdfunding model to accredited US investors, CoinDesk reported.

Founded in 2017, Smartlands is a blockchain-based global investment platform. Last month, it announced plans to raise capital through the sale of an equity stake in own holding company. Smartlands said that it intends to use the capital to continue its global development and reach the target of $1 billion in tokenised real economy assets by the end of 2023.

The startup has now signed a Cooperative Agreement with IIP Securities to use the latter’s broker-dealer licence for accessing US capital and further facilitating investments on its platform.

“The move allows Smartlands to comply with the applicable in US regulatory requirements and sell securities issued on the Platform to accredited US investors,” Smartlands said in a press release.

Yaroslava Tkalich, Smartlands CMO, said that through this agreement, Smartlands would be able to diversify the current investor base.

Furthermore, in a bid to cement its position in the US market, Smartlands intends to open an office in the US and acquire a major share in IIP Securities.

Smartlands CEO Ilia Obraztsov revealed that while initial talks with IIP Securities were focused on a Joint Venture program, the scope was eventually expanded and the companies are now examining several options that go beyond the broker-dealer licence agreement. The companies will now collaborate on local regulatory framework in the coming months with plans to launch in the U.S. in Spring 2020, CoinDesk reported.

“Allowing US citizens to purchase securities issued on Smartlands compliantly has always been an essential part of our roadmap for global development, and we’re happy that this stage of our plan is now complete,” Obraztsov added.

Smartlands has already created a proprietary solution for fractional ownership of the real economy assets for most jurisdictions around the world, noted Tkalich. In August, it announced the successful completion of its pilot security token offering.

“The investment target was reached during the private placement of security tokens as beneficial interest in shares of a student accommodation block in Nottingham, UK, valued by Knight Frank at £12.06 million in Sept, 2018,” the announcement read.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $9,584.82 (-0.74%)
  • Ethereum (ETH) $238.80 (+0.24%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $249.84 (-0.74%)
  • Bitcoin SV (BSV) $195.47 (-1.21%)
  • Bitcoin (BTC) $9,584.82 (-0.74%)
Feb 21, 2020 (Friday)
12:01
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
12:00
Brazil to launch new payment system in response to cryptocurrencies
11:59
Digital currency exchange Coinbase Pro lists Kyber Network token
11:57
Norwegian Air to soon start accepting crypto payments
10:21
Swedish central bank begins CBDC pilot with Accenture
09:51
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
14:16
Telecom companies complete cross-carrier mobile payments using blockchain
11:53
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
11:00
South Korean ICO project discontinued, to return $7.5M to token holders
10:36
Samsung maintains crypto support in soon-to-launch Galaxy S20
09:41
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
09:15
Coinbase becomes first crypto company to receive Visa principal membership
08:59
Dubai Economy and six banks launch KYC Blockchain Consortium
08:26
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
07:12
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
06:13
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
05:02
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
04:56
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
04:35
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
12:46
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft