blockchainreporter
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise
No Result
View All Result
Buy Crypto
blockchainreporter
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise
No Result
View All Result
blockchainreporter
Buy Crypto
No Result
View All Result
  • bitcoinBitcoin(BTC)$29,485.00-0.65%
  • ethereumEthereum(ETH)$1,835.19-6.18%
  • binancecoinBNB(BNB)$310.06-5.06%
  • rippleXRP(XRP)$0.393482-3.02%
  • cardanoCardano(ADA)$0.484265-5.83%
  • SolanaSolana(SOL)$44.42-8.42%
  • dogecoinDogecoin(DOGE)$0.078843-5.28%
  • AvalancheAvalanche(AVAX)$24.32-11.48%

Medici Ventures Conducts $3.6M Securities Transfer over Ravencoin

Tokoni Uti by Tokoni Uti
December 20, 2018
in adoption news, altcoins news, blockchain news
0
Medici Ventures Conducts $3.6M Securities Transfer over Ravencoin
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter
  • Medici Ventures has conducted a securities token transfer worth $3.6 million over the Ravencoin network
  • The transfer was for the purchase of a 29 percent stake in Chainstone labs

Medici Ventures has successfully completed a $3.6 million transfer using the Ravencoin blockchain. The transfer was a digital securities token transfer representing ownership in Chainstone Labs. This move, according to Chainstone Labs, was a natural one:

“Since we focus on securities tokens, it’s only natural that we have a digital security for the equity in our own company. The ease of moving digital securities has the potential to change the way the global economy works.  Medici Ventures has the operational expertise to help us pursue this market.”

Ravencoin

The money being transferred was used to purchase a 29 percent stake in Chainstome Labs and was done via the Ravencoin blockchain, a public blockchain created to help in the management of digital assets.

This serves as the largest token issued on Ravencoin as well as one of the first equity tokens issued on a public blockchain. Chainstone Labs CEO Bruce Fenton stated:

“Ravencoin is an ideal protocol and chain to use for this security token. The aim of Ravencoin is to do one thing and do it well: help users issue tokens and digital assets securely. Tokens, particularly securities tokens, are a promising area for blockchain technology.”

A new way to invest

Traditionally, buying a stake in a firm, particularly for an amount of that size, would require a third party to mediate and seal the transaction.  Through blockchain, this need for a middleman is eliminated and costs are saved. Fenton said:

“I think blockchain technology has shown that it’s really good at moving things of value around without requiring a trusted third party. Of course, this can apply to a lot of applications, but I think securities are one of the major use cases here.” 

This ease of transaction can be carried out into the larger world and change how we do business, says Jonathan Johnson, president of Medici Ventures:

“Chainstone Labs shares the same vision of Medici Ventures, which is blockchain is the future and using it to make transactions faster, more secure, and completely transparent will change the world.”

Tags: AdoptionBlockchainChainstone LabsMedici VenturesRavencoinSecurities
ShareTweet
Tokoni Uti

Tokoni Uti

Tokoni Uti is a Lagos-based writer with several years of experience. Her work has appeared in the Huffington Post, the Los Angeles Free Press and the San Diego Free press among others. She is a graduate of Bowen University.

Recommended For You

Chainlink Partners Amber Group For Asset Pricing Reliability

by Max Clark
May 26, 2022
0
Chainlink

Amber Group, a global digital asset services and platform company, joined Chainlink, number one decentralized oracle network

Read more

Ethereum Beacon Chain Experienced 7 Block Reorg

by Samuel Edyme
May 26, 2022
0
Ethereum

The Ethereum (ETH) beacon chain experienced a reorg (reorganization) ahead of the anticipated merge, on Wednesday (May 25th)

Read more

Terra Community Votes to Revive LUNA Cryptocurrency

by Eric Maina
May 26, 2022
0
LUNA

According to the data posted by Terra Station, 65% of the community, around 200 million votes, voted to go on with LUNA revival plan

Read more

Margin Trading Today’s Hottest Metaverse Tokens On PrimeXBT

by Max Clark
May 26, 2022
0
PrimeXBT

PrimeXBT offers MANA and SAND, plus over 40 cryptocurrencies and 100 trading instruments across forex, crypto, commodities, and stock indices

Read more

Splinterlands (P2E) Says Its Validator Node Licenses Ready To Go For Sale

by Umair Younas
May 25, 2022
0
Splinterlands

Splinterlands, the most popular and top-rated game on the blockchain network, will sell Validator Node licenses on May 25, 2022

Read more
Next Post
Bithumb Accused of Faking over 70 Percent of its Trading Volume

Bithumb Accused of Faking over 70 Percent of its Trading Volume

PARTNERS LIST

PRESS RELEASE

PARSIQ

PARSIQ Network Announce Strategic Partnership With GUMBALL 3000 Expansion Into Web3

by Max Clark
May 24, 2022
0

PARSIQ Network will support Gumball 3000's Web3 ambitions with blockchain data infrastructure and partner on the upcoming Supercar rally

IQ Protocol NFT

IQ Protocol Announces Strategic Partnership To Power GUMBALL 3000 NFT Ecosystem

by Max Clark
May 23, 2022
0

IQ Protocol is a long-term partner for Gumball 3000 NFT ventures and will be heavily involved in the North American...

Locus Chain Blockchain

Blockchain Veteran David Atkinson Joins ‘Locus Chain’ Project As An Advisor

by Josh Fernandez
May 16, 2022
0

The team behind the development of the next-generation blockchain, announced that David Atkinson has joined Locus Chain as an advisor

Guarda Wallet Adds Avalanche (AVAX) Support

Guarda Wallet Adds Avalanche (AVAX) Support

by Max Clark
April 15, 2022
0

The Avalanche coin is used in Guarda to create and manage wallets, as well as transmit and receive AVAX in...

BlockchainReporter is a trusted name in the cryptocurrency and blockchain technology news space, keeping its readers abreast of the latest and most significant trends in the industry.

Here at BlockchainReporter, our team of global writers is dedicated to providing price analysis on leading cryptocurrencies and covering the latest developments pertaining to bitcoin news, altcoins news, blockchain news, NFT news and cryptocurrency adoption news from around the world.

News

  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • Adoption
  • NFT
  • DeFi
  • Metaverse

Info

  • Education
  • Glossary
  • Market

Company

  • About Us
  • Terms & Conditions
  • Editorial Policy
  • Advertise
  • Sitemap
  • Contact

@2022 – Blockchainreporter.net. All Right Reserved. A Division of Strait Limited.

 
No Result
View All Result
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise

@2022 - Blockchainreporter.net. All Right Reserved. A Division of Strait Limited.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT