HanseCoin well received at Frankfurt Crypto Assets Conference 2019
HanseCoin Seeks Listing on a Major Exchange
HanseCoin Seeks Listing on a Major Exchange
The Börse Stuttgart CEO Alexander Höptner told the audience at the crypto assets conference in Frankfurt that if they fail to embrace blockchain and tokenisation, exchanges will lose a major opportunity to compete and survive in the future of equities. This applies equally to major financial institutions including banks, custodians, payments agents, and other intermediaries with their existing cost basis and time delays. Its peers EUREX and NASDAQ/OMX are also looking to include these technologies, though Boerse Stuttgart seems to be on the cutting edge and committed. Indeed, renowned angel investor Naval Ravikant already a year ago provocatively stated that 90% of jobs on Wall Street will be gone in 7 years. I would amend this to say the ones who will survive and potentially thrive are those who will adapt to and onboard blockchain technologies.
As a consequence of where HanseCoin has positioned itself and developed its solutions, Mr. Höptner and founders of Solarisbank are now engaging in discussion of how best to structure a listing of our tokens and when, beyond what the current prime brokerages of ‘crypto exchanges’ are offering. He said since applicable regulations in Germany are not yet firm, and only debt related security tokens have most recently been regulated, his team is keen to develop a tokenized security segment for equities into which HanseCoin fits, which then can be fine-tuned to remain compliant prior to being listed. Our team will engage with intensity in the coming days and we will keep you posted.
Major Media Appearances
As for news appearances, leading German financial industry publication ‘Das Investment’ is doing a story on HanseCoin. They have taken note that Estonia’s HanseCoin is the first company in the world to make real estate investments tradable via asset backed tokens (ABTs). The tokens, which can be sold daily via a regulated stock exchange platform after a short holding period of only 4 months, are neither subject to currency fluctuations nor price risks, as they are firmly linked to an underlying real estate project as the first use case. In consequence, our VPAT tokens have not lost a penny since we went live, even though most all cryptos lost 2/3 or more from October to December 2018.
Major Partners
HanseCoin is also the first asset backed platform of its kind to be guided closely by PwC Legal as it has been structured in accordance with the requirements of the Estonian Financial Supervision Authority and, with its existing structure, can currently be employed across 17 European jurisdictions. Others involved with HanseCoin include CoinMetro as the leading, live, and regulated crypto exchange from Estonia which, beyond its current licensing, is in the process of establishing its MTF multilateral trading facility in order to provide partners, issuers, and customers with broader and deeper financial intermediation capacity.
Substantial Front and Back End Cost Reduction
Blockchain reduces front and back end costs substantially. As one of many examples, in the shipping fund industry, our platform reduces fund structure and admin costs from 8% to 4%, placement cost reduced from traditional closed end fund distribution network ‘soft cost’ of 14% to 17% (or more) to near zero as it is included in our structuring and admin cost, and the ongoing running costs are reduced from 3.5% or 4% down to 1.75%. The product aims at current income from development projects beyond 7% p.a. plus an attractive participation in the development profit.
Massively Scalable
HanseCoin makes it possible while being almost infinitely scalable, to bridge the gap between equity investment and development capital between EUR 1.5 million and EUR 10–15 million as construction equity for qualified project financing. With the current structure and upcoming variations developed with counsel, tax, and audit, and in close collaboration with regulators, the platform will be able to support many more jurisdictions and will gradually expand with institutional partners and family offices. Towards the year end, up to 50 projects can be onboarded in 2019, based on their target average providing for a total volume of EUR 250 million. Prior to listing, all ‘shovel-ready’ projects are vetted by an expert industry team, counsel, appraisers, and have project financing debt at hand.
Mastercoin Gap Up Potential
Hansecoin ABT VPATs are suitable for market participants who want to benefit from potential upside, diversify their holdings, or park funds in the short term in order to benefit from the development of the first regulated real estate blockchain platform. VPAT holders are also provided attractive deep discounts on pre-sale prices when the mastercoin becomes minted later this year. Indeed, hot ICOs such as BitTorrent BTT tokens have gapped much higher even in this cryptowinter. BTT started trading almost 200% above its ICO price, and is now trading at a considerably higher price of $0.000798 — representing a 565 percent increase from its ICO price, Coinmarketcap data reveals.
Private Sale Closing
HanseCoin closes its next stage ‘Private Sale’” on March 7th. Up to this date, it is still possible to receive up to 5% of the participating capital as an instant token bonus. Let us know on https://t.me/HanseCoin if you wish to initiate or add to your original purchase as some have done For this phase, the member passwords have changed.
Cryptovest headline article on HanseCoin: https://cryptovest.com/news/estonian-blockchain-firm-hansecoin-ready-to-expand-property-tokenization-in-2019/