Rigoblock Launches Token Sale Referral Program

Rigoblock has announced that it will be launching a referral program and offering users additional tokens.

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Rigoblock, the decentralized asset management protocol, is pleased to announce that is has launched its referral program for all participants who successfully complete the whitelisting process. The program, which will be carried out by TokenMarket, will give all those who successfully refer a contributor, additional GRG tokens as a reward for their efforts.

Having recently announced its ICO which will see the GRG Token Sale begin on December 18th 2018 Rigoblock are looking to carry the project’s momentum forward with the referral program. Rigoblock founder, Gabriele Rigo, said:

“We want everybody to have the opportunity to participate in Rigoblock and get a real feel for the functionality of our platform. If we are able to reward our community for doing this then that is an added bonus both for us and them. Our community is important to us here at Rigoblock and we know that they deserve to be rewarded for any additional support they provide. This bonus is designed to compensate our faithful participants and shows that they can earn GRG by referring other people to our project.”

The program offers a 4.0% bonus to all those who have people contribute through their individual referral program links. For example, if a contributor signs up through a referrers link and buys 100 GRG tokens, the referrer will receive 4 GRG tokens as a reward for their introduction. There is no limit to which this bonus can be given at, meaning that users could see their influence rewarded by Rigoblock at scale.

With the additional GRG Token airdrop also announced combined with the token sale and bounty programs, there are many incentives to users who are looking to further benefit from the Rigoblock token sale. Providing the opportunity to invite more people into the Rigoblock token sale and be rewarded in the process.

Further details about the referral bounty program bonus can be found at TokenMarket’s token sale bounty programs section.

Santander and BBVA to Join EU Blockchain Platform

Spanish banking giants Santander and BBVA are to join the EU Blockchain Platform in 2019.

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Two of Spain’s largest banking groups, Banco Bilbao Vizcaya Argentaria (BBVA) and Banco Santander, are set to join the latest European blockchain platform according to an article published in Spanish economic newspaper Expansion.

According to a press release from BBVA, the Spanish banking group were invited to the European Commission’s International Association for Trusted Blockchain Applications (IATBA) held in Brussels. Commissioner for Digital Economy and Society, Mariya Gabriel, and Director of the E.U. Department of Communications Networks, Content and Technology, Roberto Viola, invited both BBVA and Santander to the conference to join the IATBA with has “the goal of promoting innovation and the exploitation of this technology in Europe.”

The IATBA, which is made up of 27 E.U. countries including the UK, Germany, Sweden and France, is set to launch in Q1 of 2019 and has a number of key areas in the public sphere that it wants to explore. These areas include the incorporation of blockchain technology and DLT technologies for the transformation of digital services, including banking.

As announced by the EC itself, this association will work to promote the unified cohesion of these technologies, as well as developing guidelines and protocols to promote EU standards. Overall the IATBA is to provide information for the implementation of a European strategy for blockchain, further developing an alliance to:

“develop a reliable, secure and resilient European blockchain infrastructure that meets the highest standards in terms of privacy , IT security , interoperability and energy efficiency , and that complies with EU legislation.”

BBVA and Santander are the first two confirmed banks to join the IATBA with the remaining partners expected to be announced this week. BBVA’s Research and Development for New Digital Business, Carlos Kuchovsky, said that the bank “support this initiative” and are “ready to get to work.”

IMF Chief Asks Central Banks to Explore Crypto Further

Head of the IMF, Christine Lagarde, has called on central banks to explore the use of digital currencies in the future.

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Christine Lagarde, Chairwoman of the International Monetary Fund (IMF) has called on central banks to explore the possible use of digital currencies in the near future in a speech at the Singapore Fintech Festival. The speech marks a large turning point in the crypto world.

Lagarde asked that central bank digital currencies (CBDCs) be considered as a means of decreasing overall cash demand and overall market preference for using digital money. In her speech, Lagarde explained how these CBDCs would be able to work stating that:

“A state-backed token, or perhaps an account held directly at the central bank, available to people and firms for retail payments? True, your deposits in commercial banks are already digital. But a digital currency would be a liability of the state, like cash today, not of a private firm.”

Citing examples of major cryptocurrencies such as Bitcoin, Ethereum and Ripple, Lagarde explained how these digital currencies are fighting for a place “in the cashless world, constantly reinventing themselves in the hope of offering more stable value, and quicker, cheaper settlement.” Chairwoman Lagarde further added how “various central banks around the world are seriously considering these ideas, including Canada, China, Sweden and Uruguay” adding testament to her idea of more CBDCs.

Throughout her speech, Lagarde gave credit to the world of digital currencies but also highlighted that were still some risks that regulators would need to overcome in order to protect users. Although she said they offer “great promise” she also highlighted the challenges that remain such as financial privacy, financial integrity and financial stability. Before finishing her speech, Lagarde said:

“The case is based on new and evolving requirements for money, as well as essential public policy objectives. My message is that while the case for digital currency is not universal, we should investigate it further, seriously, carefully, and creatively.”

This latest announcement could mark a further step forward in the world of more state-backed stablecoins and further exploration of the digital currency space.

Amazon Announces Partnership with ConSensys on Enterprise Blockchain Marketplace

Amazon is set to collaborate with ConsenSys Kaleido to bring an Ethereum marketplace for enterprise-level blockchain.

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ConsenSys subsidiary, Kaleido, is set to launch a “plug-and-play” set of services to help Ethereum blockchain projects from the initial proof-of-concept stage to the production level of their business. The announcement came at the Lisbon Web Summit, where Kaleido revealed that they would be collaborating with Amazon Web Services (AWS), as well as other third-party developers, in order to create an enterprise blockchain platform.

The aim of the marketplace is to help companies and projects fill the gap when finding skilled workers to help complete their projects. As the industry is still relatively new, resources and access to skilled developers and others in the space can be tough. It also takes up a lot of time.

Kaleido revealed at the Lisbon Web Summit that the marketplace has already helped to assist over 80% of clients in cutting down the custom code needed when developing a blockchain. They have also helped to create “over 1,000 blockchain networks with its Blockchain Business Cloud.” In a press release released by Kaleido, Founder and COO, Sophia Lopez, said:

“We’ve seen successful patterns of deployment as enterprise networks go into production and we’ve baked these best practices into the Kaleido Marketplace services, to help radically simplify the adoption of blockchain and eliminate some of the specialized blockchain expertise needed”

ConsenSys appears to be growing from strength to strength, with the firm having recently announced partnerships with ING Bank, Citigroup and MUFG Bank. Kaleido and AWS joint marketplace will have traditional AWS integrations as well as wallets for privacy and ID registries for identities within a business. In a further statement from CEO and Co-Founder of Kaleido, Steve Cerveny said:

The reality is only about 10 percent of an enterprise blockchain project is the blockchain itself. There are many other application, data and infrastructure components required to go into production. I’m very excited that we have a whole cloud of blockchain technologies pre-integrated for our clients to use. The Kaleido Marketplace is a one-stop shop for all things enterprise blockchain.”

The platform set up by ConsenSys Kaleido and AWS is set to launch sooner rather than later considering the steps that Jeff Bezos’ behemoth is currently taking in the traditional retail market with Amazon and Amazon digital.

Singapore Government to Create Blockchain Based Security Token System

The Monetary Authority of Singapore has joined forces with the Singapore Exchanges to develop a Delivery versus Payment system for tokenised securities.

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The Monetary Authority of Singapore (MAS) is set to develop a Delivery versus Payment (DvP) platform with the Singapore Exchange (SGX) to allow settlements for tokenised securities across varying blockchain platforms. The announcement came from both the MAS and SGX over the weekend which is set to “help simplify post-trade processes and further shorten settlement cycles” as revealed in a press release.

The project has been created alongside some notable partners including Deloitte and the Nasdaq with prototypes of the DvP showing that settlements can be made with varying digital tokens on multiple blockchain platforms. The DvP is designed so that securities and money are simultaneously exchanged to the delivery of securities happens immediately once a payment has been taken. According to MAS’ Chief Fintech Officer, Sopnendu Mohanty:

“Blockchain technology and asset tokenisation are fuelling a new wave of innovation globally. This project has demonstrated the value of blockchain technology and the benefits it can bring to the financial industry in the short to medium term. The concept of asset tokenisation, as well as other learnings gleaned from this project, can potentially be applied to a broad spectrum of the economy, creating a whole new world of opportunities.”

This powerful use of blockchain application marks the development that is coming from crypto friendly countries and this latest news from MAS and SGX seems to be paving the way. Ms Tinku Gupta, Head of Technology at SGX and Project Chair, said

“We are delighted to drive this important industry effort to accelerate innovation in the marketplace. Based on the unique methodology SGX developed to enable real-world interoperability of platforms, as well as the simultaneous exchange of digital tokens and securities, we have applied for our first-ever technology patent.”

With security tokens and tokenised assets fast becoming the token of choice for financial institutions and both corporate and retail investors, these tokens carry out the final exchange of both cryptocurrencies and security assets across multiple blockchain platforms.

Russia’s Stablecoin to Replicate Ruble in the Digital World

The Chairman of Russia’s Duma Committee has revealed the country’s plans to launch a stablecoin.

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Chairman Anatoly Aksakov of Russia’s Duma Committee on Financial Markets has revealed the country’s plans to launch a state-backed stablecoin that will see it have a one-to-one exchange of the Russian Ruble. Dubbed the “crypto ruble” Chairman Aksakov revealed to state-operated news outlet RIA Nostovi that the country’s stablecoin would act as a fiat Ruble in the digital space in an encrypted form.

“This resource allows you to exchange money for crypto money. For example, you bring 100 thousand rubles to a bank and get 100 thousand crypto rubles, one to one for fiat money.”

The State Duma Chairman revealed that soon citizens would be able to convert fiat money for the stablecoin and receive a one to one rate. This news comes after Russia would soon be relaxing its laws regulating the cryptocurrency industry and would be made available once these laws had been passed. In the interview with RIA Nostovi, Chairman Aksakov stated that:

“As soon as the blockchain begins to occupy a significant place in our economy, then, from my point of view, it will be necessary that the trade and economic process be served using the crypto ruble…this process should be regulated by the Central Bank and the Central Bank should give the right to the emergence of such a tool”

There is still much debate amongst Russian regulators regarding many aspects of cryptocurrency, blockchain, ICOs and crowdfunding, with much of the legislation to be determined before the year. A Russian Ruble backed stablecoin could have the potential to finally give many Russians access to the crypto market.

This is not the first time a government has introduced a state-backed crypto, with Venezuela’s stablecoin Petro releasing earlier this year to help the country combat its currency crisis. Does this mean that the stablecoin market could be on the rise if more global powers are looking to introduce them?

LXDX Reveals Plans for Security Token Offering

Cryptocurrency exchange, LXDX, has announced that is plans to issue stock through a security token offering.

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LXDX, the cryptocurrency exchange founded by ex SpaceX engineer, Joshua Greenwald, has revealed plans that it will be holding a security token offering (STO) to issue stock through the company. This latest news comes in the wake of more businesses switching from initial coin offerings (ICOs) to STOs in order to give participants more say in the project as a whole. 

As of now, LXDX is the first digital asset exchange which will be able to offer users tokens backed both equity and as a recurring dividend payment. LXDX’s decision to hold an STO will give its investors more of a say in the businesses overall direction, though only 1,000 participants will be allowed through this first phase. In a press release distributed by the company, Greenwald said that: 

“As blockchain technology proliferates, we expect to see increased tokenization of tangible assets like real estate, commodities, and even art. The million token future is just around the corner. We are excited to provide our community a chance to experience the benefits of a true security token.”

The LXDX Corporation has revealed that it plans to issue five million LXDX Tokens at €1 each, all of which are ERC-20 compliant, and will be offered as a security to participants under Maltese regulation. This equates to around 10% of the overall business ownership and will give token investors access to 10% of the LXDX exchanges quarterly adjusted revenue. 

However, the LXDX token will not yet be free tradeable due to regulatory restrictions regarding securities trading. In the near future, LXDX is expected to allow trading between initial contributors of the STO through a smart contract similar to that of Bancor. The crypto exchange hopes to have the token listed on secondary markets within the next six months. 

Though LXDX may not officially be live as of yet, the currency is operating under military-grade security under former U.S. Navy Cryptologic Technician, Steven Thomas. It is expected to be one of the most secure crypto derivative exchanges on the market and is implementing protocols which will ensure that the company “operates under radical transparency.”

Interesting early investors in LXDX include: Dymon Asia Ventures, Arianna Simpson of Autonomous Partners and Robert S. Murley, Chairman of Investment Banking for the Americas and Vice Chairman of Credit Suisse Securities.

Thailand to Use Blockchain to Track Tax Payments

Thailand’s Tax Revenue Department has revealed its plans to use blockchain and machine learning technology as a means to track tax payments in the country.

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Thailand’s Revenue Department Director-General, Ekniti Nitithanprapas, has revealed to reporters at the Bangkok Post that the organisation plans on utilising blockchain technology the verify tax payments and speed up tax refunds in the country.

Combining both blockchain and machine learning, the Thai Revenue Department plans on creating a more transparent system which will highlight any discrepancies. Nitithanprapas highlighted that improving digital tax collection systems and doing so with modern technologies was one of the country’s biggest concerns. Distributed ledger technology is to be used for the improvements, allowing officials to track and trace payments at a much quicker rate than is currently possible.

As the country’s former International Economic Advisor of Fiscal Policy Officer, Nitithanprapas did not give further details on when the Department’s blockchain powered system would begin to be used, however, it is expected to start sooner rather than later considering the country’s recent adoption of blockchain in the Ministry of Commerce Department.

This marks a great turn for the further adoption of blockchain technology, highlighting its effectiveness and large scope of application.

BRD Integrates all TokenMarket ICO Tokens

BRD Wallet is to integrate all previous TokenMarket ICO tokens into their mobile platform.

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TokenMarket is excited to announce that BRD, the simple and secure on-ramp to Bitcoin, Ethereum, and other digital currencies, has integrated all previous TokenMarket ICO tokens into its mobile wallet application.

This announcement comes as part of the TokenMarket and BRD partnership which was revealed at the TokenMarket Summit in June earlier this year. Now users are able to access their tokens from one of the most secure and trusted mobile cryptocurrency applications on the market.

The partnership greatly reduces the complexities for participants in future ICOs. Users will have fewer processes to go through when trading which can often become a pitfall of their success. With BRD, users have the ability to track all tokens in one place, giving a better user experience within a cleaner and secure mobile platform.

Further, this co-operation between the two businesses will also offer users the ability to participate in TokenMarket enabled ICOs via the BRD interface, providing a secure mobile experience for participants. Ada Vaughan, Executive Director, EU for BRD said:

“Integrating TokenMarket’s previous ICO tokens into BRD marks the first step for this great partnership. We are pleased to enable our users to hold and trade these ICO tokens inside our app, and look forward to further collaboration with TokenMarket.”

BRD’s mobile wallet now allows users to trade 21 ICO tokens from previous projects carried out by TokenMarket which include; Atonomi, Rivetz, STK, Civic and Storj, as well as many more. This marks the further development for both TokenMarket and BRD, giving users a much easier experience when wanting to trade tokens. TokenMarket CEO, Ransu Salovaara, said:

“We are thrilled that our partnership with BRD will allow users to access their tokens in a safer, secure and simpler way. The multiple benefits that users will now have access to all within one platform means that we at TokenMarket know this is a great partnership. I am excited for what the future holds for our companies.”

Users can access their ICO tokens in the BRD Wallet platform now which is available on the App Store and Google Play platforms. Make sure you are following BRD and TokenMarket to keep up to date with all updates. 

Meet HACK Fund, the Latest Funding Venture from the Hackers/Founders Team

This is a guest author post, provided by the team at HACK Fund, for information about HACK Fund visit https://hack.hf.cx/

Meet HACK Fund, the latest funding venture from the Hackers/Founders Team.

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HACK Fund decentralizes and democratizes venture capital by raising money through a security token offering (STO).

HACK Fund is the fifth fund by Hackers and Founders. Their previous four funds have delivered an IRR of 30% the last five years across 55 companies who have raised over $100M and have had 7 exits.  

Jonathan Nelson, the managing director of HACK Fund served on an SEC advisory committee on capital formation, and it was that experience that led to the creation of HACK Fund and led them to raise by STO.


The problem with traditional venture capital is that investors only make money when the portfolio companies get sold to a Big Tech Co, or IPO.  And, when most of the world tech acquisitions happen in Silicon Valley, most of the world venture capital is centralized there.

By issuing an STO, HACK Fund democratizes venture capital and allows thousands of smaller investors invest into some of the world’s top technology companies. And, since HACK tokens are tradable, HACK Fund can invest in amazing tech companies anywhere in the globe without worrying if the startup holds an IPO or is acquired by a tech giant like Google.  

The startups HACK Fund come from Hackers and Founders’ massive global community of tech entrepreneurs who are only selected for investment after they go through a peer review, investor interviews and due diligence. We focus heavily on technology companies that have real customers, real revenues and aggressive growth.


HACK Tokens are based on the Ethereum ERC-223 standard and act like digital stock certificates. Aggregate valuation of the companies in the fund is performed quarterly by a third party, after which the results are published for all investors. The token’s value comes from the price of the startups it invests in, rather than the fluctuations of the crypto markets.

So in order to make it easier for investors of all types to join in, HACK Fund decided to team with up with BRD. BRD Secure Checkout is now on the HACK Fund dashboard and provides users all the tools they need while guiding them through every step of the sale so that they can become HACK Fund investors.

HACK Fund recently inked a partnership with Vodafone procurement to invest in 15 companies a year that they will work to scale to $100M a year in revenue across 100+ partner telcos and 1.2 Billion customers globally.

To participate in HACK Fund, visit hack.hf.cx or email hack@hf.cx to learn more. Check out our fund documents here. Open to investors worldwide and a limited number of accredited US investors.

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