SEC in Settlement Talks With ‘Fraudulent’ ICO Organizer Reg Middleton
Middleton organized the unregistered $14.8 million Veritaseum (VERI) initial coin offering, and is further accused of market manipulation post-ICO.
The new settlement layer is intended save Asian institutional traders from taking the "scenic route" via U.S. banking regulations.
The funding will help the Boston-based Arwen expand its non-custodial settlement system, potentially to institutional players.
First Digital Trust has won backing from Taiwan-based Nogle for its upcoming Asia-focused crypto settlement solution for institutions.
Silvergate made its name providing fiat banking services for crypto businesses. Now, CEO Alan Lane wants the bank to handle digital assets themselves.
Internet startup Blockchain of Things has agreed to pay $250,000 to settle with the SEC over its $13 million ICO.