5 Key Stories From The Digital Worlds

July 5

BY NABYL CHARANIA

1. 

LATIN AMERICA’S BIGGEST INVESTMENT BANK TO SELL $1 BILLION IN STOS USING TEZOS

  • BTG Pactual, plans to shift its security token offerings (STOs), a pipeline of over $1 billion in sales, onto the Tezos blockchain.
  • Collaboration between BTG Pactual and Dubai-based asset manager Dalma Capital, who plan to tokenize a number of traditional assets using the Tezos blockchain and smart contracts platform.
  • Dalma Capital is planning to use the Tezos blockchain for digitizing assets in multiple industries, including real estate, equity, lending, as well as global sports clubs.

2. 

BIG FASHION DEALS ARE IN STYLE

  • Fashion-related ventures have raised billions in venture financing over the past few years to scale businesses designing, crafting and selling clothing and accessories.
  • The RealReal, an online retailer of second hand designer goods, saw its public valuation rise to around $2.5 billion after shares soared nearly 50 percent in first-day trading.
  • In the U.S….fashion-related investment has been trending up more…2019 is off to a promising start, with $720 million invested in roughly the first half of the year, compared to $927 million in 2018.

3. 

BMW AND DAIMLER PARTNER ON AUTONOMOUS DRIVING, FIRST RESULTS OF TEAM-UP IN MARKET BY 2024

  • Talks continue about expanding their cooperation to cover highly-automated driving within denser urban areas and in city driving conditions.
  • It’s a non-exclusive arrangement, which is the new normal in autonomous vehicle technology development, where cross-manufacturer partnerships have been increasingly common.
  • Daimler and BMW aim to develop a “scalable platform for automated driving” through their combined efforts, which the companies say is open for participation form both other automakers and tech providers.

4. 

IBM, TOP AUSTRALIAN BANKS TO PILOT BLOCKCHAIN FOR RETAIL LEASE BANK GUARANTEES

  • Lygon – launched with participation from ANZ, Commonwealth, and Westpac banks on July 3 – will collect and digitize data from a test group of Scentre Group lease holders across Australia.
  • Hope the Lygon platform will shorten the time it takes for banks to issue guarantees, reducing that time to a day…same validation could take up to a month if being issued on paper, based on current practices.
  • Lygon will offer access to the platform to all bank issuers, lease applicants, and beneficiaries…five founding members may also expand research into other industry uses.

5. 

TESLA’S MODEL 3 HAS BEEN THE BEST-SELLING EV IN THE US THIS YEAR BY A HUGE MARGIN

  • Estimates that Tesla sold 67,650 Model 3s in the US through June, over seven times the sales generated by the next best-selling electric vehicle, Tesla’s Model X SUV.
  • Tesla took three of the top five spots among fully electric vehicles (InsideEVs also estimates sales for plug-in hybrids), with the other two spots going to the Chevrolet Bolt EV and Nissan Leaf.
  • Two of the most high-profile electric vehicles that have launched in the past year, the Jaguar I-Pace and Audi e-tron SUVs, appear to be selling in relatively low numbers in the US.