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FTE Briefing - Future of Digital Securities

  1. Follow the event on Twitter #FTEBriefing #DigitalSecurities #SpiceVC
  2. • 15:00 (CET) – 15:05– Welcome and Introduction to our speakers • 15:05 – 15:55 - Each of our speakers shares his/her vision on the Future of Digital Securities and how their firms are tackling the opportunity • 15:55 – 16:15 – Panel Q&A hosted by Julie Meyer • 16:15 – 16:30 – Q&A from participants
  3. • 15:05 – 15:15 – Tal Elyashiv, Co-Founder & Managing Partner of Spice VC • 15:15 – 15:25 - Jamie Finn, President & Co-Founder of Securitize • 15:25 – 15:35 – Julian Kwan, CEO of InvestaX • 15:35 – 15:45 – Tom Russell, Managing Partner of Alliance Investments • 15:45 – 15:55 – Simon Barnby, CMO of Archax
  4. www.spicevc.com Diversified Access to the Digital Ecosystem
  5. 7 WHAT IS SPiCE VENTURE CAPTIAL?SPiCE is a closed end venture capital fund with a portfolio of companies building the ecosystem of the tokenization industry. SPiCE invests globally in platforms and ecosystem providers enabling access to capital markets, banking, real estate, and other industries enhanced through Blockchain technologies. We seek companies who stand to benefit the most from the massive growth of the industry.
  6. 8 #1: DIGITAL SECURITIES - HUGE MARKET POTENTIAL REAL ESTATE $217 Trillion COMMERCIAL AGRICULTURE RESIDENTIAL DEBT $215 Trillion DEVELOPED MARKETS EMERGING MARKETS DERIVATIVES $544 Trillion BITCOIN $180 Billion STOCKS $544 Trillion UK JAPAN CHINA EURO US RoW
  7. 9 #2: THE DIGITAL SECURITIES INDUSTRY IS STILL YOUNG •Industry is growing rapidly •No Standards •Regulation is changing •Underlying technology is evolving •Lots of noise and “fake news” •Many players won’t make it. Some will become Unicorns
  8. 10 #3: THE SECURITIES ECOSYSTEM IS COMPLEX •Highly regulated industry •Regulations are local •Many existing ecosystem players and roles •Much of what moves the industry is institutional money
  9. 11 #4: SHIFT HAPPENS - RETAIL TO INSTITUTIONAL Initial motivation for Digital Securities was liquidity for non-liquid assets and increased access. Now, major banks and institutional players are moving into the industry recognizing its superiority to the current way securities are issued managed and settled.
  10. 12 #5: LIQUIDITY IS COMING… • More regulated marketplaces under way • More digital securities offering • “Higher Value” digital security offering • Entrance of institutional players • Public offering of digital securities • Further regulation evolution Together with industry growth:
  11. www.spicevc.com Diversified Access to the Digital Ecosystem
  12. 10 June 2020 www.archax.com Archax introduction A global digital securities exchange Trading | Custody | Brokerage Simon Barnby Chief Marketing Officer
  13. Archax – a global, regulated market for tokenised assets “The Archax exchange, along with its brokerage and custody service, will not only unlock liquidity and create secondary markets for assets that are hard to trade, but also disrupt all traditional capital markets – particularly in post-trade.”
  14. What are digital securities / security tokens? Traditional Securities Hours/Days 9/5 Market Local Settlement Slow Workflow Integration Integrated Ownership Register Maintained by 3rd party Regulation Regulated Compliance Manual Existing Crypto/ Utility Tokens 24/7 Global Fast Partial integration Maintained by exchange Unregulated Manual Digital Securities 24/7 Global Fast Partial integration Maintained by 3rd party Regulated Smart contract enforcement
  15. Traditional exchange trade Issuer Registrar/Stock Transfer Agent Central Securities Depository Clearing House ExchangeBroker Broker Prime Broker/ Custodian Prime Broker/ Custodian EMS/OMS EMS/OMS Investment Manager (BUYER) Depositary Liquidity Provider (SELLER) Depositary Administrator AdministratorRegulator
  16. Crypto exchange trade Crypto ExchangeBroker Broker EMS/OMS EMS/OMS Investment Manager (BUYER) Liquidity Provider (SELLER)
  17. Depositary Digital security exchange trade Issuer Registrar/Stock Transfer Agent Central Securities Depository Archax Investment Manager (BUYER) Administrator Regulator Liquidity Provider (SELLER) Administrator Clearing House Broker Broker Prime Broker/ Custodian Prime Broker/ Custodian EMS/OMS EMS/OMSDepositary = blockchain node
  18. The Archax solution Regulated digital asset custody service Experienced team from traditional financial markets Proven institutional exchange technology with full market surveillance London based, FCA regulation in Q2 2020 Integrated into existing trading platforms & workflows Listing global digital securities/security tokens Global, round the clock trading Institutional & retail brokerage services
  19. The emerging digital securities ecosystem The Archax exchange sits at the very heart of digital securities ecosystem Primary Issuance » Distribution of tokens to market participants » Investor suitability & KYC/AML checks » Investor onboarding Tokeniser » Selection of protocol » Coding smart contract » Incorporate token parameters » Set whitelist requirements Registrar » Maintains underlying shareholder register » Handles information from secondary trading Administrator » Controls processing of corporate actions » Works with registrar to provide information to token holders Secondary Market » Global 24x7 trading » Direct links to Institutions & professional investors » Retail flow through brokers » Handles updates to issuer, registrar & administrator » Provides regulated custody Issuer/Asset owner CSD » ‘Golden source’ of books & records » Liable for any anomalies in issued amounts » Receives information from approved custodians – such as Archax
  20. A global trading venue Archax provides a truly global trading venue with broad investor reach RetailBrokers Investment Banks Market Makers/ Liquidity Providers Asset Managers/ Hedge Funds Sophisticated Investors Prop Desks & HFTs
  21. Archax partnerships Services Tokenisers & Issuance Investors Technology
  22. Tokenisation roadmap Illiquid » Property » Private equity funds » SMEs » Art » Race horses » Container ships Semi-liquid » Hedge funds » Listed SMEs » Debt Liquid » Listed securities » Commodities » Other traditional instruments Efficiency Capital Raising Liquidity Liquidity Spectrum Time BenefitsAssetClass
  23. The tokenisation pipeline Asia 11% Europe 29% North America 35% Other 6% UK 19% DIGITAL SECURITIES BY REGION Fund 28% Other 14% Real Estate 21% Equity Raise 37% DIGITAL SECURITIES BY ASSET CLASS Total STOs Total Value Already Raised c. 400 c. $10bn c. $600m
  24. The tokenisation opportunity Ultimately all asset classes, globally ? All other assets » Art » Race horses » Shipping » Royalties » Etc. ? Conceptual None Fully digitalised Some digital issuances
  25. www.archax.com Archax Introduction Simon Barnby - CMO Thank you
  26. Tweet about the event using #FTEBriefing #FleetManagement #ODODrive Visit us: https://globalftenetwork.com/ & https://entrepreneurcountryglobal.com/
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