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  • ⛓ Onchain Summer: Coinbase is Launching ‘Base’ Layer 2 Blockchain

⛓ Onchain Summer: Coinbase is Launching ‘Base’ Layer 2 Blockchain

🔐 Security for Security Tokens: AnChain AI Integrates with Provenance

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Goooood Morning, Rainmakers! ☀️

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

1️⃣ ⛓ Onchain Summer: Coinbase is Launching ‘Base’ Layer 2 Blockchain

2️⃣ 🔐 Security for Security Tokens: AnChain AI Integrates with Provenance

Without further ado, it's time to…

Get Liquid 💧

 A MESSAGE FROM REDSWAN

Discover RedSwan CRE, your passport to the $16T future of tokenized real-world assets. Offering privileged access to the world's largest digital real estate securities inventory, we're your route to owning fractional shares of premium real estate.

Our platform takes real estate transactions to new heights with fractional ownership, unmatched affordability, and 24/7 trading liquidity. With over $5B in tokenized real estate assets, RedSwan CRE leads the market under full FINRA compliance.

We provide early liquidity options, simplifying real estate investment. Our seasoned team, boasting 65 years of experience, pioneers innovative capital market solutions for the global real estate capital markets industry. Follow the RedSwan into the future of investment. The journey begins here.

Onchain Summer: Coinbase is Launching ‘Base’ Layer 2 Blockchain

Join me in welcoming a new layer 2 blockchain to the ecosystem: Base 👏🏼

Coinbase, the publicly-traded crypto company, built Base on Ethereum with Optimism’s OP stack - the goal being to

Bring the next billion users and next million builders on chain

Jesse Pollak, the creator of Base and head of protocols at Coinbase, said in a press release sent to CoinDesk.

Base is aimed at making it easy for dApps to connect with the rest of the Coinbase products, be decentralized and open-source, and give those building on Base access to their 110+ million verified users (according to their website). They released it for developers last month and have the public launch scheduled for this Wednesday (August 9th).

So what’s “Onchain Summer”?

This is Coinbase’s way of onboarding to their chain. For the next few weeks creators and developers will be hosting events to create art, gaming, advocacy, or build apps on Base. Some big names include:

  • Coca Cola

  • Atari (gaming company)

  • OpenSea

  • Showtime

Creators are encouraged to build on Base and as an added incentive, Coinbase and PropHouse be giving out 100+ ETH in grants!

Even though the official launch isn’t until tomorrow you can already start bridging ETH over, claim your NAME.cb.id name (like ENS), and mint a commemorative NFT. I did it yesterday and it was very user-friendly!

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.

🔐 Security for Security Tokens: AnChain AI Integrates with Provenance

If anyone can have access to a blockchain, what prevents them from using it for financial crime?

AnChain AI has the answer! They use artificial intelligence for risk assessment and early detection of suspicious activity on-chain. They do this so well that governments, financial institutions, and web3 companies use their services.

Now Provenance Blockchain will be integrating with AnChaini.Ai to build a more secure environment for digital assets.This is such a proactive way to stay ahead of the curve as tokenization starts to ramp up and, consequently, so will financial crime.

Just taking a look around AnChain’s website, here are some key features that caught my eye about their software across their Blockchain Ecosystem Intelligence (BEI) and Compliance, Investigation, Security Operations (CISO) tools:

  • Instant wallet screening for suspicious activity before transacting with them

  • Auto-Trace: tracking a path of custody from origin to end point even if people use mixers, cross-chain bridges, DeFi platforms, and more

  • Wash-trade detection

  • Address detection for those on a sanction list

And by the way this is available across 20+ blockchains… and now add Provenance to the list.

For those unaware, Provenance is an open-source blockchain with

  • Over $8 billion in real-world asset locked value on-chain

  • Has supported over $12 billion in transactions, and

  • is used by more than 60 leading financial institutions across banking and payments, private equity, capital markets, lending, and asset management

So yes this is definitely a development I’d imagine their existing issuers would appreciate including Hamilton Lane’s 3 blockchain-native share classes, Hamsa’s $3 billion worth of commercial loans, and more.

Future issuers may be inclined to tokenize on Provenance with these newly added capabilities, so bravo on the strategic partnership!

A recognized and leading solution, AnChain.AI offers bank-grade advanced risk management, security and compliance tools important to regulated financial institutions operating on blockchain, and now those tools are available to financial institutions and fintechs operating and managing assets on Provenance Blockchain.

Joshua Maddox, Head of Developer Ecosystem for the Provenance Blockchain Foundation

💦 What else is Drippin’

Wealth Management & Security Tokens

The STA Success Network will be hosting a webinar around Wealth Management & Security Tokens this Thursday, August 10th at 1pm EST.

With institutional adoption and issuances rising it's important for asset managers to start planning on incorporating them into portfolios. Jonathan and Jason both come from wealth management firms prior to joining their tokenization journeys while Sander is looking to democratize access to private capital markets.

Come explore how security tokens will affect the wealth management business, especially as the generational transfer of wealth continues!

Have questions? Email [email protected] 

This webinar is available to both members of the STA Insights ($9/month) and Professional ($999/month) plans on the STA Success Network.

Platform Spotlight: RedSwan CRE

The STA Success Network will be hosting a spotlight on RedSwan next Thursday, August 17th at 12pm EST.

RedSwan CRE is your gateway into this revolutionizing trend. Their platform empowers real estate transactions with fractional ownership, privileged access, and unparalleled affordability. It offers 24/7 liquidity trading, bringing a new level of options to real estate investors.

To date, RedSwan CRE continues to lead the market having tokenized over $5 billion in real estate assets while operating under full compliance with FINRA licensing.

Fireside Chat: Tokenized Asset Reporting with Ledgible

The STA Success Network will be hosting a fireside chat with Ledgible on Thursday, August 24th at 1pm EST.

Ever wonder how taxes, accounting, and reporting work for digital assets? Well you're in luck! Ledgible will be diving into these topics and how they help issuers through these processes.

Join us for an exciting and much-requested deep dive on August 24th at 1pm EST! In the meantime, check out their page on the Vendor Network.

If you’re interested in access to webinars like these, consider subscribing to the STA Insights plan for ONLY $9/month which also includes their email newsletter twice a week detailing what’s going on in the ecosystem, STA’s commentary on it, and any insights derived from our advisory and research arm.

State of Security Tokens 2023 - Q1 Extended Report

The Security Token Advisors State of Security Tokens 2023 - Q1 Extended report is brought to you by the Provenance Blockchain Foundation!

Our Head of Research and Institutional, Peter Gaffney, dives deep with updates from across the industry, from issuers to platforms to protocols. This piece will detail the macro trends taking shape within the tokenization space as a function of service providers like transfer agents, broker-dealers, alternative trading systems, custodians, and third-parties, as well as issuers, blockchain foundations, asset managers, investment banks, and activity that Security Token Advisors sees on its advisory side

Take a read for analysis on common themes emerging for both primary and secondary markets!

This is not financial or investment advice.

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.