Token Offerings Raised Twice More Than Blockchain Equity Deals in H1 2019

Token generation events are raising twice as much capital as conventional equity fundings for the blockchain sector. According to an Aug. 1 report from analytics firm teQatlas, token generation events (TGEs) — an alternative term for initial coin offerings — raised $2.095 billion in H1 2019, as compared with the $1.248 billion raised by blockchain firms through venture capital (VC) investment.  TeQatlas’ report is based on an analysis of roughly 2,500 blockchain firms backed by 1,800 investors via both traditional and alternative funding instruments — such as equity deals, TGEs…

Read More

Legal & General Partners With Amazon to Use Blockchain for Pension Deals

Online retail giant Amazon has partnered with United Kingdom-based insurance agency Legal & General to create a blockchain system for managing corporate pension deals, according to a report by Reuters on June 11. Legal & General will reportedly make use of the Amazon Managed Blockchain for its bulk annuity transactions, which happen when companies transfer their pension schemes to Legal & General for insurance. According to an article by the Financial Times, companies make bulk annuity transactions to insurers like this so that they are not ultimately responsible for personally…

Read More