Russian marketplace lender Blackmoon has launched Blackmoon Crypto for tokenized investment vehicles; seeks to support management of tokenized funds; Blackmoon Crypto is incorporated in Singapore; it will not initially be partnering for US investments however the firm is applying for a broker dealer license in the US. Source
Microsoft has partnered with AMIS and the Industrial Technology Research Institute of Taiwan to form Asia's first blockchain consortium; the partnership will build on the success of Microsoft's Blockchain-as-a-Service (BaaS) on Microsoft Azure which it announced in April; the consortium will focus on blockchain solutions that provide increased efficiency and cost savings for companies in Taiwan. Source
The regulator says, "digital tokens in Singapore will be regulated by the Monetary Authority of Singapore (MAS) if the digital tokens constitute products regulated under the Securities and Futures Act"; if digital tokens fall under the definition of securities in the Securities and Futures Act then issuers are required to register a prospectus with MAS and other requirements may also apply to associated parties; overall the statement from the MAS increases the level of compliance needed for an initial coin offering. Source
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Pi Capital International LLC has advised Money360 on a $250 million structured debt facility; the funding comes from a financial institution in South Korea; Pi Capital was able to facilitate the transaction through its global alternative capital network. Source
Marketplace lending originations have been increasing significantly in the US and China however in 2016 both countries saw a number of challenges influencing the market and increasing risk; Moody's analyzes market similarities and differences in the two countries; reports on the variance in lending model structuring; notes that US marketplace lenders are more deeply integrated with partner-bank relationships; while structuring and partnerships vary considerably between the two countries, there are similarities, including reliance on big data, lack of credit cycle testing and ongoing development of regulatory standards. Source
Singapore-based marketplace lender MoolahSense has added invoice financing; the service will provide another lending product for businesses; the firm's CEO says the product is intended to extend the business services it provides to underserved small businesses; the product will be available for short-term capital needs of up to $15,000 and is expected to target returns of 12% for investors. Source
MoolahSense, a marketplace lender focused on small business loans, has received a full Capital Markets Services (CMS) license from the Monetary Authority of Singapore (MAS); the MAS license allows the business to offer its loan investments in the country to a broad range of investors including retail investors, high net worth individuals and private funds. Source
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