The Security Token Group published some data with their State of Investment into Security Token Infrastructure for 2019 Q1.
Issuance
17 Issuance Platform startups have raised approximately 192M. 5 of them call San Francisco home. 34%, 31% and 24% of the funding went to San Francisco, Toronto, and New York, respectively. Toronto only makes the list because the jobs at Polymath are in Toronto, despite them being domiciled in Barbados.
Early Usage
Clicking around a few of the platforms, some interesting facts:
- Stem’s pricing is sold as a subscription for the issuer, based on team size — just like software
Smartlands is advertising a Real Estate deal with a 16% yieldSmartlands , Neufund, Swarmand Brickblock , exposed hints ofdeal pipeline to the public from their platform’s page.
The List of Platforms
The Security Token Group is maintaining a more comprehensive list and is publishing quarterly. The 17 startups listed today are below.
Polymath, Barbados — $58,700,000
Harbor, San Francisco — $38,000,000
BankEx, New York — $30,000,000 (ICO)
Securitize, San Francisco — $12,800,000
Prometheum, New York — $12,000,000
Dharma Labs, San Francisco — $7,100,000
FinHaven, Vancouver — ~$5,900,000
BrickBlock, Gibraltar — $5,700,000
Swarm, San Francisco — $5,500,000 (ICO)
Neufund, Berlin — $3,420,000
Atomic Capital, New York — $3,400,000
SeriesX, Austin — $2,300,000
Abacus, San Francisco — $2,100,000
Smartlands, Cyprus — $1,750,000 (ICO)
Smart Valor, Zug — $1,500,000
Stem, Amsterdam — $300,000
Other Infrastructure
8 Exchange-like startups focusing on programmable capital have raised $200M. Over half a billion raised across all security token infrastructure. Noteworthy locations include Moscow, Houston, Hong Kong, Gibraltar, and Zurich.