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TOKENISE REVEALS PLANS TO LAUNCH REGULATED STOCK EXCHANGE FOR SECURITY TOKENS

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Tokenise opens waitlist for early access to tokenised fractional ownership and royalties 

 

Tokenise, set to become among the world’s first stock exchanges for tokenised securities, will launch in Q1, 2022. From today, the public can join the Tokenise community and register for an account to become one of the first to own a piece (or token) of an iconic asset.

Through Tokenise, for the very first time, people can now participate in fractional ownership or royalties by investing in security tokens on a stock exchange fully regulated in Barbados. Fractional ownership allows investors to beneficially own a piece of the physical assets, such as buildings, ships, race horses and land. Royalty tokens – not previously available to trade on an exchange – unlock access to musicians, artists and filmmakers and a huge range of opportunities for fans to own a slice of the income-bearing revenue.

Investors can instantly and effortlessly deposit their money to buy the tokens that are right for them, with all trades executed through a regulated brokerage and on the regulated Tokenise Stock Exchange with added security and anti-money laundering (AML) checks. Unlike NFTs and cryptocurrencies which are currently traded on unregulated markets.

Access to these assets has long been the preserve of the expert and major funds, however, at a time when consumers are seeking greater financial inclusion and control, Tokenise’s mission is to democratise ownership for all, empowering everyone to participate in the new world of security tokens easily, safely and affordably.

Tokenise Group was founded by a team of financial services, technology and security experts, led by Mike Kessler, Chief Executive Officer, who has extensive experience in asset management, corporate development and start-ups. Martin Graham, Group Chairman, has played a central role in transforming London into a global financial hub as Director of Markets and Head of AIM at the London Stock Exchange.

In response to growing demand from retail investors for tokenised assets, the team built Tokenise based on the premise that people deserve an accessible, trusted and regulated stock exchange to own and trade a piece of what they love. At the same time, asset owners and artists benefit from previously untapped revenue potential, control of their work, and enhanced liquidity.

 

Mike Kessler, Tokenise Founder and Chief Executive Officer said: “Opening our waitlist marks the beginning of an exciting journey for Tokenise to really democratise ownership of assets that are important to people. There is already strong interest from experienced investors, but we also want to give everyone the opportunity to join our community. We’re excited; Tokenise is set to revolutionise the way all of us invest, own and trade assets.”

Ownership and trading of securities tokens will be possible through a web-based brokerage platform in Q1 2022, closely followed by an app in Q2 2022. Users will be able to easily review token offerings with charting and analytics to make informed investment and trading decisions. Investors can have peace of mind knowing that Tokenise is managed by seasoned experts.

 

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Russia and Turkey still keep door open to crypto adoption

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Bitcoin dropped around 5% yesterday after the much-anticipated FOMC meeting, where Jerome Powell was more hawkish than expected. Although there was no change to the decision of when to end tapering or hike rates, Powell said that inflation was worse than what was predicted in December, and that they would act more if required. Both equities and crypto fell sharply after the meeting, giving up gains from earlier on in the day.

Crypto is seeing more interest from governments, as the Turkish president Erdogan advised the country’s ruling party to examine the metaverse and cryptocurrencies closely in terms of their potential use. Turkish crypto investors have been very active in buying land in the metaverse. In Istanbul alone, over 11,000 virtual lands are already on the metaverse, with Turkish investors having spent millions.

The Turkish Lira losing value dramatically over the past 2 years has caused many Turks to flock to cryptocurrencies. The Turkish President met with the leader of El Salvador last week, who are the first country to make Bitcoin legal tender. This, alongside the ambition to study cryptocurrencies’ use in more depth, could signal the start of a shift in how the Turkish government views the industry, as they have previously been hostile towards the asset class.

In addition, Russia’s finance ministry has opposed the Russian Central Bank’s call for crypto to be banned, as it would undermine the industry’s technological development. Putin also said that Russia has certain advantages when it comes to Bitcoin mining, because of the country’s surplus of electricity and well-trained personnel. The fact that more and more governments are looking at crypto as an asset class that can provide benefits in staying ahead technologically, is a sign of the asset class maturing. Whether or not Turkey or Russia decides to ban or embrace crypto is still uncertain, although I think they will have no choice but to adopt crypto in the end.

 

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Transact365 launches seamless cross border payments in India

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  • Transact365 enables merchants to transact locally in India
  • Merchants can partner directly with Transact365 without needing to source local partners
  • Transact365 offers two local solutions – Unified Payments Interface (UPI), and NetBanking 

 

UK-based fintech Transact365 has added local India payments for merchants.  By using Transact365’s gateway solution, merchants can access new opportunities in India without having to form local payment partnerships or establish an Indian company. The move ensures merchants now have access to over one billion Indian-based consumers enabling them to pay faster in a familiar way.

Transact365 offers two local solutions tailored to the needs of the Indian market – Unified Payments Interface (UPI) and NetBanking.

Developed by the National Payments Corporation of India – UPI is an instant, real-time payment system that facilitates inter-bank transactions through smart phone devices, powering multiple bank accounts into a single mobile application of the 274 participating banks. UPI facilitates inter-bank peer-to-peer (P2P) and person-to-merchant (P2M) transactions.

NetBanking is a unique payment method facilitating online payment transactions in India. When a user makes a payment via NetBanking, the payment is initiated via the Transact365  gateway which allows the user to complete the transaction with the merchant in realtime in local currency.

Transact365 has also established a local payment distribution allowing merchants to pay clients in India in real time with fully automated api connectivity 247 365 Days a year.

Transact365’s launch in India is the first in a series of big market expansions planned for 2022. Having already expanded into Europe, Asia and Australia, Transact365’s payment gateway system ensures merchants of all sizes and sectors can access fast-growing markets seamlessly and quickly.

Dan Fernandez, CEO of Transact365, said: “We are pleased to announce that merchants can now use Transact365 to process payment transactions in India. By utililising local payment solutions, Transact365 ensures merchants can now facilitate payments in India, with users able to confirm their payment in a matter of seconds.

“Our expansion into India comes at an exciting time for the company. With customer and merchant demand for payment gateways rising, Transact365’s revolutionary system ensures more businesses are able to access consumers in rapidly expanding markets. Importantly, our launch in India will soon be followed by similar market expansion announcements throughout 2022.”

 

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