šŸ’° Someone Raised $3M in 10 Minutes...

šŸŒ“ Your Weekly Security Token Digest

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Goooood Morning, Rainmakers! ā˜€ļø

As always, we have two captivating topics for you to dive into:

1ļøāƒ£ šŸ’° RealT Raises $3M in 10 Minutes

2ļøāƒ£ šŸ¤ Centrifugeā€™s Onchain Fund Management Platform

Without further ado, it's time toā€¦

Get Liquid šŸ’§

Your First Captivating Topic of the Week

šŸ’° RealT Raises $3M in 10 Minutes

What an incredible past week we had! At this point youā€™ve all probably heard about the tokenized BlackRock USD Institutional Digital Liquidity Fund (BUIDL) with Securitize - a great development for the industry. Did you miss it? We covered it on this weekā€™s Security Token Show, check it out!

Just as exciting, however, we also have RealTā€™s own security token offering. Leveraging a Swiss framework, Remy Jacobson and his team were able to host a $5M offering for their non-US investors, $3M of which filled in the first 10 minutes!

RealT raised the full $5M in less the 1 hour with a second round the next day (3/22/2024) of 10 % in less than 5 minutes.

How did they do it? Removing Friction.

RealT created a Swiss-based special purpose vehicle (SPV), RWA Holdings S.A., and used Switzerlandā€™s DLT Act which allowed them to accept an unlimited amount of investors and more easily set an inclusive $50 minimum. Whatā€™s more interesting, however, is the lack of need for KYC - another point of friction removed from the equation.

RealT only made this offering available to non-US investors which under this framework can freely transfer their equity tokens amongst other individuals, DeFi applications (dApps), and more. That being said, KYC would then be required to interact with RealT such as receiving dividends. Until then though do as you please!

Gnosis Scan

According to a snapshot from Gnosis, at 2,350 token holders at the time of writing that averages out to $2,340.43 per investor (of course some invested significantly more or less than that).

Aside from already having a platform of investors consistently purchasing tokenized real estate, itā€™s also important to note RealT prepped them for this equity offering via education on their blog and community calls across different languages - something theyā€™ve been doing for a long time.

People invest in people and what better way to convey that than through transparency, AMAs, and all RealT does to help provide value to their investor base including consistently evolving the RealT ecosystem. From providing liquidity through automated market makers or collateralized loans through Aave, the company has always made it clear their investors are top of mind.

For more on BlackRock and RealT, check out Herwigā€™s blog post!

This is not financial advice.

A Message from TokenizeThis

We have a winner! Weā€™re doing weekly giveaways for free tickets to our TokenizeThis conference and todayā€™s winner isā€¦

Didnā€™t win today? 

No worries, this weekā€™s giveaway goes live on our X/ Twitter tomorrow (Tuesday) so follow @STOmarket and keep an eye out for it!

Want to make sure you have a ticket? Early bird pricing ends next week on April 1st so get your ticket today!

Click to View Tweet

Carlos Domingo, CEO at Securitize, will be doing a fireside chat on Day 2 of the conference, shining light on all theyā€™ve been working on, insights from his institutional partners, and may even give us more details on this monumental announcement.

You DONā€™T want to miss it!

Your Second Captivating Topic of the Week

šŸ¤ Centrifugeā€™s Onchain Fund Management Platform

With institutions coming on-chain faster than ever itā€™s crucial to have infrastructure for them, especially the closer it is to DeFi. Thatā€™s exactly what Centrifuge is doing here.

Specifically looking at private credit, weā€™ve seen it grow in the tokenization space and Centrifuge is looking to cater towards credit funds via their new fund management platform. One of the biggest problems theyā€™re solving for includes capturing ā€œan entire fund's onchain and offchain portfolio positions, transactions, and operations data in a secure, immutable, and reportable manner.ā€

From reporting to securitization to calculating distribution waterfalls and beyond, it seems like Centrifuge thought of quite a good amount of benefits towards using their platform. This makes sense as the name of the game when it comes to institutions is operational efficiency and savings.

So whoā€™s going to jump in first?

Great question! Anemoy built their regulated BVI fund on Centrifuge and theyā€™ll be integrating with Trident Trust to manage it. A forward thinker, Trident Trust has been involved in digital assets for fund administration, fund launches, crypto workflows, accounting, and other services making them a great candidate to be working with Anemoy and Centrifuge.

We're excited to work with Anemoy to build one of the first tokenized, regulated funds that maintains an onchain record of portfolio data and net asset valuations. This increases transparency while streamlining typically burdensome reporting and reconciliation processes. The work weā€™re doing to launch a fund on Centrifuge will be applicable to any future asset manager with a similar vision

David Mungall, Trident Trustā€™s Head of Fund Administration for the Caribbean.

This is not financial advice.

šŸ’¦ What else is Drippinā€™

STM Updates

New Feature Coming This Week

Displaying financial data on tokenized securities has been STMā€™s bread and butter for the past 5 years. As the industry continues to evolve, however, there will be more information to track and analyzeā€¦ weā€™re here to help aggregate and visualize that as best as possible for you.

With that in mind, can you guess what weā€™ll be launching this week? Follow our social media for the announcement!

TokenizeThis Referral Program

Want a FREE ticket? We have a referral program!

  • Sell 5 tickets using your unique referral code, get a GA ticket for free

  • Sell 15 tickets using your unique referral code, get a VIP ticket for free

Contact [email protected] to learn more and get set up!

Mark your calendars for May 9-11, 2024, as this conference promises to be an unforgettable experience inā€¦the vibrant city of Miami, FL! šŸŒ“

Boasting a diverse array of industry experts as speakers, thought-provoking panels, and an immersive workshop, the conference offers an in-depth exploration of the ever-evolving tokenization landscape.

Reports

STM Monthly Report - February 2024

We're thrilled to release the February 2024 edition of our monthly report! In this monthā€™s market report, we have meticulously tracked over 525 security tokens spanning across 29 marketplaces and 11 blockchains.

Sections include:
šŸ‘‰ Key Takeaways
šŸ‘‰ Asset Class Breakdown (including newly onboarded institutional debt)
šŸ‘‰ Marketplace Spotlights
šŸ‘‰ On-Chain Treasury Products
šŸ‘‰ New Tokens and Announcements

State of Security Tokens 2023 - Q4 Report

We are very excited to publish our State of Security Tokens 2023 - Q4 report with our client and sponsor Blue Water Financial Technologies . Peter Gaffney and the Security Token Advisors team cover the following topics:

  • Key retail & institutional themes in the tokenization and real world assets space including:

    • Treasury, private credit, and real estate growth

    • Asset-Backed Securities (ABS) originations and securitizations

    • Investment banking platforms and digital bond placements

    • Global distribution channels & preferential jurisdictions

    • M&A and Investment Activity

  • Secondary Trading Activity (40+ graphs and charts from Security Token Market)

  • M&A and Investments

  • 50+ Service Provider Updates

  • Public and Private Blockchain Developments

This is not financial or investment advice.

TokenizeThis: Highlights and Key Takeaways Report

Weā€™re proud to have put together a free, 3-day event that resulted in shared insights valuable to both our retail and institutional audiences. That said, we recognize 3 days is a lot of content to take in so we did it for you!

Check out our report highlighting the key takeaways from the conference, quotes, and common themes across the panels.

Do you want your company or project in front of the largest, most curated security token audience on the planet?

If interested, please reach out to [email protected] to find out a way we can work together :)

Everything in this newsletter 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 newsletter should be used as legal advice. Always do your own research before making any decisions regarding financial transactions of securities.