Fun

News Feed - 2023-11-10 03:11:48

Zhiyuan Sun5 hours agoFinancial Supervisory Commission of Taiwan awards first securitized token licenseCathay Securities is permitted to issue $930,000 worth of tokenized green bonds every six months.1490 Total views19 Total sharesListen to article 0:00NewsJoin us on social networksTaiwan’s financial watchdog, the Financial Supervisory Commission (FSC), has awarded the country’s first security token offering (STO) license to Cathay Securities.


According to local news reports on Nov. 9, Cathay received regulatory approval for its “Sunshine Green Yield” STO bonds with a time to maturity of six years, initial annual interest of 3.5%, and an initial principal amount of 30 million New Taiwan dollars ($930,000).


Through the token subscriptions, enterprise owners can purchase green electricity on the market for environmental, social and corporate governance initiatives under favorable conditions and receive variable interest rate payments of up to 5.8% per year. Trading for the Subshine Green Yield bonds will debut on Dec. 12 on Cathay’s in-house STO exchange platform.


Since 2019, the FSC has classified tokenized assets as securities, with an open pathway for financial institutions to apply for licensing. However, issuers must comply with a $930,000 fundraising limit and only conduct a maximum of two STOs per year. The offerings are also only available to enterprises and accredited investors, and in the case of the latter, they can only purchase a maximum of $9,300 STOs.


To create credible STO interest rate pricing, Cathay Securities partnered with risk-control technology company Numerix and National Chung Hsing University professor Ye Zongying to develop Taiwan’s first STO evaluation model. The firm claims that the model is “95% accurate” in calculating the default probability of small and medium-sized businesses.


Founded in 2004, Cathay Securities is one of the largest financial services firms in Taiwan. The company serves millions of investors and brokerage clients.


Related: Taiwan introduces crypto bill to parliament# Blockchain# Cryptocurrencies# Business# TaiwanAdd reactionAdd reactionRead morePay and dump? How businesses accepting crypto payments influence adoptionCan crypto Privacy Pools help balance privacy and regulation?London Stock Exchange seeks digital assets director

News Feed

FTX Bankruptcy Judge Denies US Trustee’s Request for Independent Examiner
FTX Bankruptcy Judge Denies US Trustee"s Request for Independent Examiner The judge presiding over the FTX bankruptcy case has denied the U.S. Trustee’s request to appoint an
Defi’s Raw Deal: Sushiswap Creator Transfers Multi-Sig Control to FTX CEO
Defi"s Raw Deal: Sushiswap Creator Transfers Multi-Sig Control to FTX CEOAfter a number of individuals from the crypto community accused the anonymous developer Chef Nomi of exit sc
Despite SEC Objection, Court Greenlights Billion-Dollar Asset Purchase Deal Between Binance US and Voyager
Despite SEC Objection, Court Greenlights Billion-Dollar Asset Purchase Deal Between Binance US and Voyager The asset purchase agreement between Binance US and bankrupt crypto lende
Tom Brady’s Autograph NFT Agency Gets $170 Million in Series B Funding Round
Tom Brady"s Autograph NFT Agency Gets $170 Million in Series B Funding Round Autograph, the NFT agency co-founded by famous NFL player Tom Brady, has raised $170 million in its ser
Nobel Laureate Ben Bernanke Blasts Cryptocurrencies, Says Tokens ‘Have Not Been Shown to Have Any Economic Value at All’
Nobel Laureate Ben Bernanke Blasts Cryptocurrencies, Says Tokens "Have Not Been Shown to Have Any Economic Value at All" Ben Bernanke, former chairman of the Federal Reserve and al
Mining Report Shows 65% of Bitcoin’s Hashpower Stems From China
Mining Report Shows 65% of Bitcoin"s Hashpower Stems From China As the end of 2019 approaches, Coinshares Research has published its bi-annual mining report that contains informa
Brayden Lindrea13 minutes agoLightning devs must ‘wake up’ and fix security bugs, not please VCs: Bitcoin devAntoine Riard, who left the Lightning Network in October, argues the Lightning Network is also at risk of b
Bitmain Unveils Cheaper T19 Bitcoin Miner to Regain Lost Market Share
Bitmain Unveils Cheaper T19 Bitcoin Miner to Regain Lost Market ShareBitmain on Monday released the Antminer T19, a cheaper bitcoin mining machine, in an effort to regain lost marke
Bitcoin On The Brink Of A Massive Short Squeeze, Expert Warns
Este artículo también está disponible en español. The Bitcoin dominance (BTC.D) surged above 64% this week, its highest level since March 2021, sparking debate over an im
Rakesh Upadhyay5 hours agoBitcoin price gathers strength as SOL, AVAX, FIL and EOS prep for a breakoutSOL, AVAX, FIL and EOS price are beginning to look attractive, especially if Bitcoin opens the week with a renewed att
SEC Enforcement Remains Focused on Crypto — Chair Gensler Says He’s ‘Impressed’ With Enforcement Results
SEC Enforcement Remains Focused on Crypto — Chair Gensler Says He"s "Impressed" With Enforcement Results The U.S. Securities and Exchange Commission (SEC) says its Enforcement Di
Arijit Sarkar1 hour agoIndian central bank-backed NPCI begins blockchain recruitmentSingapore, Malaysia, the UAE, France, Benelux countries, Nepal and the U.K. have adopted the NPCI’s UPI payments system to varying deg