Paterson explained that living in our digital environment, a person's first entry point into investment is likely to be alternative investments through digital platforms, without the hassles of traditional investments such as filling forms, lack of transparency, and high transaction fees. He also noted that after observing the younger generation and their investment habits, most would prefer quick and convenient access from their laptop or phone, and to be able to invest their savings into companies they know and support.
Huobi Japan (Reg. No. 00007) announces plans to raise approximately JPY 500 Million (USD 4.6 Million) in new funding. The funding was raised by issuing new stocks to the Tokai Tokyo Financial Holdings (TTFH) through private placement. The stock issuance is set for Q1 2020. TTFH is a comprehensive securities firm that provides financial services such as dealing, distribution, brokerage, underwriting, and distribution of securities and investment trust.
nChain, the global leader in advisory, research and development of enterprise blockchain technologies, today announced that digital entrepreneur Calvin Ayre will join the company's Strategic Advisory Board based on his longstanding involvement in the Bitcoin sector. Ayre will also be making a sizeable investment in nChain to further its role as a leader in development of enterprise-grade blockchain solutions.
MoneyGram (NASDAQ: MGI), a global provider of innovative money transfer services, today announced that Ripple, a provider of leading enterprise blockchain solutions for global payments, has made the final $20 million investment in MoneyGram equity pursuant to Ripple's original $50 million equity investment commitment made earlier this year. Ripple purchased the newly-issued equity from MoneyGram at $4.10 per share, which represents a significant premium to MoneyGram's current market price.
The first insurance company, Lloyd's of London, was founded back in 1686 as a place for merchants on the sea to insure their cargos. For a fund management fee, Lloyd's of London collected premiums from the merchants and paid out claims to the merchants who lost their cargos. This same infrastructure of having an expensive human organization act as the trusted fund holder hasn't changed in the past 300 years.
Tourcom LLC (CEO Bae Kyun Park), the parent company of Tourcom Blockchain, announced on October, 15th, it had entered into a strategic investment agreement with Wishbeen (CEO Dong-Doo Park), South Korea's largest travel information sharing service platform, through equity acquisition of Wishbeen. The agreement is to develop high-quality travel data, accelerate platform development, and expand the token ecosystem of Tourcom Blockchain, a customized travel platform that combines Blockchain and AI.
BlockApps, the leading enterprise blockchain platform provider, has successfully raised its Series A funding round led by Fitz Gate Ventures with participation from Elliptic Curve Ventures, Bloccelerate, Fenbushi Capital, Galaxy Digital Ventures and a follow-on investment from ConsenSys. As one of the pioneering ventures in enterprise-grade blockchain technology, BlockApps helps industries build blockchain-based business networks, which are more secure, reliable and flexible than existing solutions.