Have you heard of Faer Isles Distillery? They are raising capital for a whisky distillery in the Faroe Islands! 🇫🇴
Interested in investing & learning more? Head on over to Faer.io!
Gooood Morning Rainmakers,
Motivational quote of the week:
“It always seems impossible until it's done.” – Nelson Mandela
Go kill it this week and…
Get liquid 🌊
Let's talk about validation💡
I am not talking about relationships, but more so validation in a general sense.
What does validation even mean?
Validation is defined as “the action of making or declaring something legally or officially acceptable.”
For years and years, people were saying that Bitcoin was fake and represented zero value.
Even top financial executives made these claims over the years, but have since changed their opinions.
Jamie Dimon, the CEO of JP Morgan Chase, a financial giant with assets under management totaling almost $3 trillion, stated that bitcoin was ”a fraud” in September of 2017 and went on to say: “It’s just not a real thing, eventually it will be closed. It won’t end well.”
Due to Dimon's massive global influence, people and institutions followed suit and ignored Bitcoin… initially.
It's the same kind of influence most high-profile people have when expressing their opinions on an issue or product.
Because of their popularity or status, many will take those statements as fact without question, research or investigation.
Thankfully, people began questioning and researching and this past year, we began to see a macroeconomic shift in the Bitcoin narrative across the globe.
Here are a few influential parties that now support Bitcoin.
U.S. publicly-traded equities have added 170,973 Bitcoin to their balance sheet - these companies are Tesla, Microstrategy, Galaxy Digital Holdings, Square - to name a few
El Salvador, a Central American nation of over 6 million people, has officially declared Bitcoin as legal tender
Ray Dalio, who is an american billionaire investor and hedge fund manager of the world's largest hedge fund, owns Bitcoin
In essence, we have colossal institutions, countries, and investing legends getting in on the Bitcoin bandwagon.
Validation of Bitcoin is very apparent.
The same narrative applies to security tokens.
Bitcoin and security tokens might be different, but they both use blockchain technology to function.
That tells me the world is warming up to a tokenized financial future.
It's only a matter of time until many more players add Bitcoin to their balance sheets.
Miami Security Token Conference 2021 Recap ☀️
It's been approximately 459 days since the pandemic officially began in the U.S.
During those 459 days, we dealt with virtual conferences that were somewhat unbearable and nearly impossible to hold our attention span.
Until June 3rd, 2021 - everything went back to normal!
At least in Miami.
‘The Next Wave of Digital Asset Securities’ sponsored by Securitize, hosted over 100 security token enthusiasts and leaders in one physical location.
We had an amazing panel that was moderated by our very own, Herwig Konings.
👇 Read on for the spark notes!👇
Title: CEO & Founding Partner of Security Token Group
Company Overview: Security Token Group encompasses 3 business verticals. Security Token Market (aggregation of all security token live-trading data, supported by media channels), Security Token Advisors ( a premier consulting company helping issuers, investors, and managers leverage security tokens within their business.), and Security Token Capital (creates industry-leading tokenized investment products completely built and managed using blockchain technology.).
Title: Chairman & CEO of Circle
Company Overview: Circle is a global financial technology firm that enables businesses of all sizes to harness the power of stablecoins and public blockchains for payments, commerce, and financial applications worldwide.
Highlights: They just raised $440 million, which happens to be the largest fundraise for a cryptocurrency company ever!
Notable Statement (paraphrased): The storage and transmission of value are going to be a commodity-free service on the internet. It’s like sending data, content, or communication - anyone can connect to anyone anywhere through the speed of the internet at no cost.
Title: CEO & Co-Founder of Securitize
Company Overview: Securitize is a compliance platform and protocol for issuing and managing digital securities on the blockchain, including dividends, distributions, and share buy-backs.
Highlights: Just launched two digital asset yield funds to enable institutional investors the ability to access DeFi in an easier manner.
Notable Statement (paraphrased): Technology moves much faster than regulation. That's what happened in 2017 - we hit a wall. All the licenses were there to operate in a legal environment, but we needed more regulatory clarity for our industry. Once we do, the industry will blossom.
Title: CEO of Algorand
Company Overview: Algorand is a leading blockchain protocol solution. They are building the technology to power the Future of Finance (FutureFi), the convergence of traditional and decentralized models into a unified system that is inclusive, frictionless, and secure.
Highlights: Exodus, the first-ever SEC-approved Reg A+ STO, who closed a $75M round, chose Algorand as their blockchain solution.
Notable Statement (paraphrased): Transaction fees are a particular problem right now, but probably won't be permanent. When you look at complex financial instruments being traded you need a composable layer 1 solution that understands what is going on across the different assets before you can transact around. That's why we feel strongly we need a fundamental, scalable, inexpensive, essentially free, secure, and decentralized platform, but you also need the primitives that allow you to transact and it needs to be on only one layer.
Title: President & Co-Founder of Anchorage
Company Overview: Anchorage makes it simple and secure for institutions to build products and gain exposure to digital assets. With secure custody at its core, they are the premier partner for institutions and corporations.
Highlights: Anchorage Digital Bank received the first federal banking charter for a digital bank. They have the same regulatory level as banks such as Bank of America, JP Morgan, and other similar institutions.
Notable Statement (paraphrased): Companies that are crypto native, but crypto native in the following way are going to explode: They raise in stablecoins, they pay salaries in stablecoins, they decide that they want to be a consumer bank and create a wallet that allows consumers to hold all types of tokenized assets such as: equities, stablecoins, Bitcoin, and more.
Great job to everyone involved. I can't wait for the next one!
What else is making it rain ☔️
OSL Digital Securties Conducts First Regulated Security Token Trades With The BCAP Token: This week, OSL Digital Securities, the only SFC-licensed digital asset exchange and brokerage in Hong Kong conducted its first successful trades in BCAP Tokens
BSTX Files to Establish Securities Exchange. Rulebook Published by SEC is Now Open for Public Comment: BSTX is aiming to become the first U.S. based regulated 100% blockchain native security token exchange
INX Officially Complete The Acquisition of The OpenFinance ATS: The deal allows users to trade security tokens and cryptocurrencies side by side on the exchange
Fun fact of the week 🤯
There's only one city in the U.S. where all the major sports teams (MLB, NHL, NFL) have the same colors: Black and gold.
Which city is it?
Hint: One of the teams is called the Pirates 🏴☠️
Reply to this email with what you think the answer is!
If you are right, we will shout you out on our socials 💯
Connect with us ☎️
Thanks for tuning in! Keep an eye out each Monday for the next security token adventure 🧗♀️
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Everything in this report is for informational and entertainment purposes only. Nothing in this report should be taken as financial advice or as an inducement to purchase or sell any security. Nothing in this market report should be used as legal advice. Always do your own research before making any decisions regarding financial transactions of securities.