It is interesting how technology gives a new lease to old principles. The medieval banking systems relied heavily on bearer instruments to assert ownership of financial assets, and this has over time be replaced with centralised registers. Now we see the rise of a new class of bearer instruments, eg via Corda, or now via CloudCoin which uses a very different – and in many respects much more pedestrian – way of avoiding the double spend problem.

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Before we start: this is not a financial promotion, I am in no way related to this token offering, and I have no views whatsoever of whether or not this token is a good investment. With this out of the way, I am excited that there is another major security token offering coming out of Germany, a $50m subordinated debt token for investing into green shipping assets.

The article announcing this is so far only available in German [1], but there is a lot of information on the sponsor’s page [2] and the subscription page [3]. The prospectus has been approved by the FMA Liechtenstein [4].

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Securitize – the tokenisation platform – has announced that they effectuated the first dividend-like payment on-chain, as Cointelegraph reports [1]. The payment was for the Lottery.com security token about which unfortunately apparently not much is in the public domain [2]. So whilst the details are a bit scarce this is definitely an important step forward in the tokenisation world [3].

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Cointelegraph has a very good article [1] that discusses a recent paper published by the Phildelphia Fed [2] on CBDCs and whether they are a threat to the commercial banking system. The article refers to a number of differing views on this topic, including that of Marshall Hayner, CEO of Metal, who is largely supportive of CDBCs, and that from IMF’s Tommaso Mancini-Griffoli who said CBDCs should be provided in public private partnership [6]. It also provides a reference to important whitepaper [5] of the Digital Dollar Project [4]. So what does this all mean?

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Last week my course Security Token Strategy at University of Nicosia’s IFF started for real, and this has kept me pretty busy. Today I recorded a number of videos for the course assignments, so I did not get around recording anything for the podcast. Instead I will be sharing one of the videos with you. It is about hash functions, and more specifically about the commit / reveal pattern that they allow implementing. To make it a bit more fun we are using it to play Rock, Paper, Scissors over Slack.

The course is now full, but we’ll run it again in the not too distant future. If you are interested, contact me [1] or have a look at the course page [2].

This podcast also exists as a YouTube video [3].

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The Short STOry Podcast