VF2018: The convergence of tokenized offerings and global equity capital markets (Brady Fletcher, Managing Director & Head of TSX Venture Exchange)

Craig Asano
Craig AsanoFounder and CEO at National Crowdfunding & Fintech Association of Canada
NCFA #VF2018
TOKENIZED OFFERINGS &
GLOBAL CAPITAL MARKETS
CONVERGENCE:
©2018 TSX Inc. All rights reserved.
A unique world-class two tier market
2
TSX
Venture Exchange
Toronto Stock
Exchange
Unique Public Market “Incubator”
•  654 companies
that listed on TSXV
have graduated to TSX
•  20% of S&P/TSX**
Composite Index constituents
are graduates from TSXV
**The S&P/TSX Composite Index is the product of S&P Dow Jones Indices LLC (“SPDJI”) and TSX Inc. (“TSX”). Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial
Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and TSX® is a registered trademark of TSX. SPDJI, Dow Jones, S&P and TSX do not
sponsor, endorse, sell or promote any products based on the S&P/TSX Indices and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have
any liability for any errors, omissions or interruptions of the S&P/TSX Indices or any data related thereto.
TSXV Ecosystem fosters growth of venture
stage companies
3
24%TSXV share of listed
issuers in global growth
capital marketplace
44%Global growth capital
marketplace Grads
come from TSXV
#3Exchange group by equity
capital raised in global growth
capital marketplace in 2017TSX
Venture
Exchange
Ecosystem
Deal
makers
Retail
investors
and brokers
Independent
investment
dealers
Data
providersCommunities
Regulators Media
Source: S&P Capital IQ, TSX/TSXV Market Intelligence Group and the World Federation of Exchanges.
Canopy Growth Corp (TSX – WEED)
4Source: TSX/TSXV Market Intelligence Group and S&P Global Market Intelligence.
As at or YTD September 30, 2018.
Successfully incubating Technology leaders
7“UNICORNS”
(CURRENT)
58“CENTAURS”
(CURRENT)
75%RAISED CAPITAL
(2016-17)
TECHNOLOGY
1996 – RTO on TSXV (CPC)
2014 - Acquired by Mitel ($400M)
LIFE SCIENCES
2014 – RTO on TSXV (CPC)
2018 – June 30 Valuation of $7.7B
LIFE SCIENCES
2014 – Spin-Out on TSXV
2018 – June 30 Valuation of $1.2B
TECHNOLOGY
2001 - $2M IPO on TSXV
2018 – June 30 Valuation of $640M
TECHNOLOGY
1999 - $1M IPO on TSXV
2017 – Acquired by PayPal ($300M)
CLEAN TECHNOLOGY
1996 – RTO on TSXV (CPC)
2018 – June 30 Valuation of $435M
50“GRADUATES”
(CURRENT)
TECHNOLOGY
2010 - $5M IPO on TSXV
2018 – June 30 Valuation of $8.1B
CLEAN TECHNOLOGY
1996 – RTO on TSXV (CPC)
2018 – Acquired by Xylem ($510M)
Source: TSX/TSXV Market Intelligence Group and Company Filings; as at June 30, 2018 unless otherwise noted; data includes companies in the technology, clean technology, renewable energy,
and life sciences sectors that initially listed on TSX Venture Exchange or are currently listed on TSX Venture Exchange.
2018 arguably:
year of the ICO
6
Emergence of
Regulation
-  SEC settles with Airfox & Paragon
Coin, calling ICOs securities
-  Jay Clayton Consensus:Invest
Interview – ICO firms should go see
the SEC ASAP
-  Colorado hits 18th Cease & Desist
-  Utah accepts Bitcoin for taxes
-  Crypto mining permissible for
political campaign fundraising
-  CIBC vs. QuadrigaCX highlighting
the challenge of converting between
fiat and crypto
Driven evolution of token markets
7
Opportunity for CONVERGENCE
8
CAPITAL ISSUERSUSER
EXPERIENCE
Listing tokenized securities
9
Thinking about CDS as an interface
10
Global Equity Capital Markets still the big leagues
11
$80 Trillion Global Equity Capital Markets
Improving the User Experience
12
INVESTOR ISSUER
-  Insider trading reporting -  Automated filings
-  Information dissemination -  Proxy voting
-  Instant Settlement -  Access to Capital
-  Elimination of middle men -  24/7 trading
-  Transparency -  Avoiding regulatory requirements
-  Democratization of growth
stage investment
Enhancing mobility of global capital
13
VF2018:  The convergence of tokenized offerings and global equity capital markets (Brady Fletcher, Managing Director &  Head of TSX Venture Exchange)
1 of 14

Recommended

Presentation to Queen's MBA Finance Club March 10, 2014 by
Presentation to Queen's MBA Finance Club March 10, 2014Presentation to Queen's MBA Finance Club March 10, 2014
Presentation to Queen's MBA Finance Club March 10, 2014ctringham
698 views17 slides
FFCON19: Democratization of Venture Capital and the Opportunity Ahead (Brady... by
FFCON19:  Democratization of Venture Capital and the Opportunity Ahead (Brady...FFCON19:  Democratization of Venture Capital and the Opportunity Ahead (Brady...
FFCON19: Democratization of Venture Capital and the Opportunity Ahead (Brady...Craig Asano
2.8K views18 slides
MaRS Best Practices: Valuations in the cleantech Industry - Tim Babcock by
MaRS Best Practices: Valuations in the cleantech Industry - Tim BabcockMaRS Best Practices: Valuations in the cleantech Industry - Tim Babcock
MaRS Best Practices: Valuations in the cleantech Industry - Tim BabcockMaRS Discovery District
524 views35 slides
MaRS Best Practices: Valuations in the cleantech Industry - Tim Babcock by
MaRS Best Practices: Valuations in the cleantech Industry - Tim Babcock MaRS Best Practices: Valuations in the cleantech Industry - Tim Babcock
MaRS Best Practices: Valuations in the cleantech Industry - Tim Babcock MaRS Discovery District
589 views35 slides
Sala 2 10.45, 11.30 - peru tsx tsxv mining overview-presentation_sept10 by
Sala 2   10.45, 11.30 - peru tsx tsxv mining overview-presentation_sept10Sala 2   10.45, 11.30 - peru tsx tsxv mining overview-presentation_sept10
Sala 2 10.45, 11.30 - peru tsx tsxv mining overview-presentation_sept10analisisestrategico2011
750 views36 slides
Tracxn - Monthly Report - Japan Tech - Sep 2021 by
Tracxn -  Monthly Report - Japan Tech - Sep 2021Tracxn -  Monthly Report - Japan Tech - Sep 2021
Tracxn - Monthly Report - Japan Tech - Sep 2021Tracxn
49 views15 slides

More Related Content

Similar to VF2018: The convergence of tokenized offerings and global equity capital markets (Brady Fletcher, Managing Director & Head of TSX Venture Exchange)

EPIC RESEARCH SINGAPORE - Daily SGX Singapore report of 23 January 2015 by
EPIC RESEARCH SINGAPORE - Daily SGX Singapore report of 23 January 2015EPIC RESEARCH SINGAPORE - Daily SGX Singapore report of 23 January 2015
EPIC RESEARCH SINGAPORE - Daily SGX Singapore report of 23 January 2015Epic Research Singapore
206 views4 slides
MaRS Best Practices: Valuations in the biotech Industry - Raymond King by
MaRS Best Practices: Valuations in the biotech Industry - Raymond KingMaRS Best Practices: Valuations in the biotech Industry - Raymond King
MaRS Best Practices: Valuations in the biotech Industry - Raymond KingMaRS Discovery District
899 views30 slides
MaRS Best Practices: Valuations in the biotech Industry - Raymond King by
MaRS Best Practices: Valuations in the biotech Industry - Raymond KingMaRS Best Practices: Valuations in the biotech Industry - Raymond King
MaRS Best Practices: Valuations in the biotech Industry - Raymond KingMaRS Discovery District
637 views30 slides
Factsheet - Trakx Top 10 Crypto - dec20 by
Factsheet - Trakx Top 10 Crypto - dec20Factsheet - Trakx Top 10 Crypto - dec20
Factsheet - Trakx Top 10 Crypto - dec20Trakx
38 views2 slides
Presentazione TIP - European Midcap Event, Francoforte by
Presentazione TIP - European Midcap Event, FrancofortePresentazione TIP - European Midcap Event, Francoforte
Presentazione TIP - European Midcap Event, FrancoforteTamburi Investment Partners
98 views21 slides
Friedland Global Capital Stock Market Listings by
Friedland Global Capital   Stock Market ListingsFriedland Global Capital   Stock Market Listings
Friedland Global Capital Stock Market ListingsRana S
441 views12 slides

Similar to VF2018: The convergence of tokenized offerings and global equity capital markets (Brady Fletcher, Managing Director & Head of TSX Venture Exchange)(20)

EPIC RESEARCH SINGAPORE - Daily SGX Singapore report of 23 January 2015 by Epic Research Singapore
EPIC RESEARCH SINGAPORE - Daily SGX Singapore report of 23 January 2015EPIC RESEARCH SINGAPORE - Daily SGX Singapore report of 23 January 2015
EPIC RESEARCH SINGAPORE - Daily SGX Singapore report of 23 January 2015
MaRS Best Practices: Valuations in the biotech Industry - Raymond King by MaRS Discovery District
MaRS Best Practices: Valuations in the biotech Industry - Raymond KingMaRS Best Practices: Valuations in the biotech Industry - Raymond King
MaRS Best Practices: Valuations in the biotech Industry - Raymond King
MaRS Best Practices: Valuations in the biotech Industry - Raymond King by MaRS Discovery District
MaRS Best Practices: Valuations in the biotech Industry - Raymond KingMaRS Best Practices: Valuations in the biotech Industry - Raymond King
MaRS Best Practices: Valuations in the biotech Industry - Raymond King
Factsheet - Trakx Top 10 Crypto - dec20 by Trakx
Factsheet - Trakx Top 10 Crypto - dec20Factsheet - Trakx Top 10 Crypto - dec20
Factsheet - Trakx Top 10 Crypto - dec20
Trakx38 views
Friedland Global Capital Stock Market Listings by Rana S
Friedland Global Capital   Stock Market ListingsFriedland Global Capital   Stock Market Listings
Friedland Global Capital Stock Market Listings
Rana S441 views
Tracxn - Legal Tech Startup Landscape by Tracxn
Tracxn - Legal Tech  Startup LandscapeTracxn - Legal Tech  Startup Landscape
Tracxn - Legal Tech Startup Landscape
Tracxn3.1K views
Tracxn - Remittance Startup Landscape by Tracxn
Tracxn - Remittance Startup LandscapeTracxn - Remittance Startup Landscape
Tracxn - Remittance Startup Landscape
Tracxn1K views
Tracxn - Data as a Service Startup Landscape by Tracxn
Tracxn - Data as a Service Startup LandscapeTracxn - Data as a Service Startup Landscape
Tracxn - Data as a Service Startup Landscape
Tracxn1.3K views
Tracxn - Investment Tech Startup Landscape by Amar Christy
Tracxn - Investment Tech Startup LandscapeTracxn - Investment Tech Startup Landscape
Tracxn - Investment Tech Startup Landscape
Amar Christy844 views
Tracxn - Data as a Service Startup Landscape by Tracxn
Tracxn - Data as a Service Startup LandscapeTracxn - Data as a Service Startup Landscape
Tracxn - Data as a Service Startup Landscape
Tracxn1K views
Tracxn - Legal Tech Startup Landscape by Tracxn
Tracxn - Legal Tech Startup LandscapeTracxn - Legal Tech Startup Landscape
Tracxn - Legal Tech Startup Landscape
Tracxn2K views
LSE AIM IPO - Iroko update 2018 - Irokotv 2019 by Jason Njoku
LSE AIM IPO - Iroko update 2018 - Irokotv 2019LSE AIM IPO - Iroko update 2018 - Irokotv 2019
LSE AIM IPO - Iroko update 2018 - Irokotv 2019
Jason Njoku267 views
Govt Tech Startup Landscape by Tracxn
Govt Tech Startup LandscapeGovt Tech Startup Landscape
Govt Tech Startup Landscape
Tracxn1.4K views
Tracxn - Remittance Startup Landscape by Tracxn
Tracxn - Remittance Startup LandscapeTracxn - Remittance Startup Landscape
Tracxn - Remittance Startup Landscape
Tracxn1.1K views
Tracxn - Robo Advisors Startup Landscape by Tracxn
Tracxn - Robo Advisors Startup LandscapeTracxn - Robo Advisors Startup Landscape
Tracxn - Robo Advisors Startup Landscape
Tracxn2.1K views
GRIN - Grown Rogue - M Partners Morning Note Review by MomentumPR
GRIN - Grown Rogue - M Partners Morning Note ReviewGRIN - Grown Rogue - M Partners Morning Note Review
GRIN - Grown Rogue - M Partners Morning Note Review
MomentumPR265 views

More from Craig Asano

FFCON19: Myth of Capitalism and Distributed Economies of the Future (Denise ... by
FFCON19:  Myth of Capitalism and Distributed Economies of the Future (Denise ...FFCON19:  Myth of Capitalism and Distributed Economies of the Future (Denise ...
FFCON19: Myth of Capitalism and Distributed Economies of the Future (Denise ...Craig Asano
2.8K views27 slides
FFCON19: Stablecoins, will Central Banks Manage the Disruption of Decentrali... by
FFCON19:  Stablecoins, will Central Banks Manage the Disruption of Decentrali...FFCON19:  Stablecoins, will Central Banks Manage the Disruption of Decentrali...
FFCON19: Stablecoins, will Central Banks Manage the Disruption of Decentrali...Craig Asano
2.8K views23 slides
FFCON19 Workshop: Anatomy of Global STOs Security Token Offerings (5Ws) (Pe... by
FFCON19 Workshop:   Anatomy of Global STOs Security Token Offerings (5Ws) (Pe...FFCON19 Workshop:   Anatomy of Global STOs Security Token Offerings (5Ws) (Pe...
FFCON19 Workshop: Anatomy of Global STOs Security Token Offerings (5Ws) (Pe...Craig Asano
2.9K views10 slides
FFCON19: Leap of Faith to Hyper Growth: Ideation to $100M in transactions in ... by
FFCON19: Leap of Faith to Hyper Growth: Ideation to $100M in transactions in ...FFCON19: Leap of Faith to Hyper Growth: Ideation to $100M in transactions in ...
FFCON19: Leap of Faith to Hyper Growth: Ideation to $100M in transactions in ...Craig Asano
2.8K views11 slides
FFCON19: EMBRACING CHANGE: Bringing Humanity to Artificial Intelligence (Eli... by
FFCON19:  EMBRACING CHANGE: Bringing Humanity to Artificial Intelligence (Eli...FFCON19:  EMBRACING CHANGE: Bringing Humanity to Artificial Intelligence (Eli...
FFCON19: EMBRACING CHANGE: Bringing Humanity to Artificial Intelligence (Eli...Craig Asano
3K views29 slides
FFCON19: TAKING RISKS: My Personal Journey Through Financial Engineering, In... by
FFCON19:  TAKING RISKS: My Personal Journey Through Financial Engineering, In...FFCON19:  TAKING RISKS: My Personal Journey Through Financial Engineering, In...
FFCON19: TAKING RISKS: My Personal Journey Through Financial Engineering, In...Craig Asano
2.8K views25 slides

More from Craig Asano(20)

FFCON19: Myth of Capitalism and Distributed Economies of the Future (Denise ... by Craig Asano
FFCON19:  Myth of Capitalism and Distributed Economies of the Future (Denise ...FFCON19:  Myth of Capitalism and Distributed Economies of the Future (Denise ...
FFCON19: Myth of Capitalism and Distributed Economies of the Future (Denise ...
Craig Asano2.8K views
FFCON19: Stablecoins, will Central Banks Manage the Disruption of Decentrali... by Craig Asano
FFCON19:  Stablecoins, will Central Banks Manage the Disruption of Decentrali...FFCON19:  Stablecoins, will Central Banks Manage the Disruption of Decentrali...
FFCON19: Stablecoins, will Central Banks Manage the Disruption of Decentrali...
Craig Asano2.8K views
FFCON19 Workshop: Anatomy of Global STOs Security Token Offerings (5Ws) (Pe... by Craig Asano
FFCON19 Workshop:   Anatomy of Global STOs Security Token Offerings (5Ws) (Pe...FFCON19 Workshop:   Anatomy of Global STOs Security Token Offerings (5Ws) (Pe...
FFCON19 Workshop: Anatomy of Global STOs Security Token Offerings (5Ws) (Pe...
Craig Asano2.9K views
FFCON19: Leap of Faith to Hyper Growth: Ideation to $100M in transactions in ... by Craig Asano
FFCON19: Leap of Faith to Hyper Growth: Ideation to $100M in transactions in ...FFCON19: Leap of Faith to Hyper Growth: Ideation to $100M in transactions in ...
FFCON19: Leap of Faith to Hyper Growth: Ideation to $100M in transactions in ...
Craig Asano2.8K views
FFCON19: EMBRACING CHANGE: Bringing Humanity to Artificial Intelligence (Eli... by Craig Asano
FFCON19:  EMBRACING CHANGE: Bringing Humanity to Artificial Intelligence (Eli...FFCON19:  EMBRACING CHANGE: Bringing Humanity to Artificial Intelligence (Eli...
FFCON19: EMBRACING CHANGE: Bringing Humanity to Artificial Intelligence (Eli...
Craig Asano3K views
FFCON19: TAKING RISKS: My Personal Journey Through Financial Engineering, In... by Craig Asano
FFCON19:  TAKING RISKS: My Personal Journey Through Financial Engineering, In...FFCON19:  TAKING RISKS: My Personal Journey Through Financial Engineering, In...
FFCON19: TAKING RISKS: My Personal Journey Through Financial Engineering, In...
Craig Asano2.8K views
FFCON19: Hidden Values of Patenting (Thiago Caires, CEO, Matr Performance) by Craig Asano
FFCON19:  Hidden Values of Patenting (Thiago Caires, CEO, Matr Performance)FFCON19:  Hidden Values of Patenting (Thiago Caires, CEO, Matr Performance)
FFCON19: Hidden Values of Patenting (Thiago Caires, CEO, Matr Performance)
Craig Asano2.8K views
FFCON19: What's in your IP Toolbox Startups? (Tony Sabeta, Patent Agent and ... by Craig Asano
FFCON19:  What's in your IP Toolbox Startups? (Tony Sabeta, Patent Agent and ...FFCON19:  What's in your IP Toolbox Startups? (Tony Sabeta, Patent Agent and ...
FFCON19: What's in your IP Toolbox Startups? (Tony Sabeta, Patent Agent and ...
Craig Asano2.8K views
FFCON19: How Coinsquare Survived the Death Knell of Crypto Winter and Promis... by Craig Asano
FFCON19:  How Coinsquare Survived the Death Knell of Crypto Winter and Promis...FFCON19:  How Coinsquare Survived the Death Knell of Crypto Winter and Promis...
FFCON19: How Coinsquare Survived the Death Knell of Crypto Winter and Promis...
Craig Asano2.8K views
FFCON19: Effectively Using AI in Decentralized Ecosystems (Toufi Saliba, CEO... by Craig Asano
FFCON19:  Effectively Using AI in Decentralized Ecosystems (Toufi Saliba, CEO...FFCON19:  Effectively Using AI in Decentralized Ecosystems (Toufi Saliba, CEO...
FFCON19: Effectively Using AI in Decentralized Ecosystems (Toufi Saliba, CEO...
Craig Asano2.9K views
FFCON19: Impact investing in the start-up national, how we turn curses into ... by Craig Asano
FFCON19:  Impact investing in the start-up national, how we turn curses into ...FFCON19:  Impact investing in the start-up national, how we turn curses into ...
FFCON19: Impact investing in the start-up national, how we turn curses into ...
Craig Asano3K views
VF2018: Scaling culture connecting to performance (Jodi Johnson, Principal, ... by Craig Asano
VF2018:  Scaling culture connecting to performance (Jodi Johnson, Principal, ...VF2018:  Scaling culture connecting to performance (Jodi Johnson, Principal, ...
VF2018: Scaling culture connecting to performance (Jodi Johnson, Principal, ...
Craig Asano2.3K views
VF2018: Fintech & Global Growth (David Tsui, Trade Commissioner Pacific Regi... by Craig Asano
VF2018:  Fintech & Global Growth (David Tsui, Trade Commissioner Pacific Regi...VF2018:  Fintech & Global Growth (David Tsui, Trade Commissioner Pacific Regi...
VF2018: Fintech & Global Growth (David Tsui, Trade Commissioner Pacific Regi...
Craig Asano2.3K views
VF2018: 'mimik' the cloud to the edge (Fay Arjomandi, Founder and CPO, mimik) by Craig Asano
VF2018:  'mimik' the cloud to the edge (Fay Arjomandi, Founder and CPO, mimik)VF2018:  'mimik' the cloud to the edge (Fay Arjomandi, Founder and CPO, mimik)
VF2018: 'mimik' the cloud to the edge (Fay Arjomandi, Founder and CPO, mimik)
Craig Asano2.2K views
VF2018: Blockchain 2018 year in review, Crystal ball and AMA (Alan Wunsche, ... by Craig Asano
VF2018:  Blockchain 2018 year in review, Crystal ball and AMA (Alan Wunsche, ...VF2018:  Blockchain 2018 year in review, Crystal ball and AMA (Alan Wunsche, ...
VF2018: Blockchain 2018 year in review, Crystal ball and AMA (Alan Wunsche, ...
Craig Asano2.4K views
VF2018: Digital bank 5.0 (Rojin Nair, General Manager Fintech Solutions, Cel... by Craig Asano
VF2018:  Digital bank 5.0 (Rojin Nair, General Manager Fintech Solutions, Cel...VF2018:  Digital bank 5.0 (Rojin Nair, General Manager Fintech Solutions, Cel...
VF2018: Digital bank 5.0 (Rojin Nair, General Manager Fintech Solutions, Cel...
Craig Asano2.6K views
VF2018 Workshop: Anatomy of a Deal (FundRazr, FrontFundr, BMW Consulting) by Craig Asano
VF2018 Workshop:  Anatomy of a Deal (FundRazr, FrontFundr, BMW Consulting)VF2018 Workshop:  Anatomy of a Deal (FundRazr, FrontFundr, BMW Consulting)
VF2018 Workshop: Anatomy of a Deal (FundRazr, FrontFundr, BMW Consulting)
Craig Asano2.2K views
VF2018: Digital transformation of financial services (Rojin Nair, General Ma... by Craig Asano
VF2018:  Digital transformation of financial services (Rojin Nair, General Ma...VF2018:  Digital transformation of financial services (Rojin Nair, General Ma...
VF2018: Digital transformation of financial services (Rojin Nair, General Ma...
Craig Asano2.2K views
VF2018: Keynote - 5 technical necessities to massive blockchain adoption (To... by Craig Asano
VF2018:  Keynote - 5 technical necessities to massive blockchain adoption (To...VF2018:  Keynote - 5 technical necessities to massive blockchain adoption (To...
VF2018: Keynote - 5 technical necessities to massive blockchain adoption (To...
Craig Asano2.1K views

Recently uploaded

Pandit No2 Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam... by
Pandit No2 Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam...Pandit No2 Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam...
Pandit No2 Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam...Amil baba
7 views1 slide
01-SamcoMF DAAF_IDBIBank_page-0001.pdf by
01-SamcoMF DAAF_IDBIBank_page-0001.pdf01-SamcoMF DAAF_IDBIBank_page-0001.pdf
01-SamcoMF DAAF_IDBIBank_page-0001.pdfmultigainfinancial
7 views2 slides
Blockchain, AI & Metaverse for Football Clubs - 2023.pdf by
Blockchain, AI & Metaverse for Football Clubs - 2023.pdfBlockchain, AI & Metaverse for Football Clubs - 2023.pdf
Blockchain, AI & Metaverse for Football Clubs - 2023.pdfkelroyjames1
10 views24 slides
Macro Economics- Group Presentation for Germany by
Macro Economics- Group Presentation for Germany Macro Economics- Group Presentation for Germany
Macro Economics- Group Presentation for Germany BethanyAline
38 views24 slides
Practices of corporate governance in Commercial Banks of Bangladesh by
Practices of corporate governance in Commercial Banks of BangladeshPractices of corporate governance in Commercial Banks of Bangladesh
Practices of corporate governance in Commercial Banks of BangladeshAriful Saimon
6 views81 slides
InitVerse :Blockchain technology trends in 2024.pdf by
InitVerse :Blockchain technology trends in 2024.pdfInitVerse :Blockchain technology trends in 2024.pdf
InitVerse :Blockchain technology trends in 2024.pdfInitVerse Blockchain
17 views9 slides

Recently uploaded(20)

Pandit No2 Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam... by Amil baba
Pandit No2 Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam...Pandit No2 Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam...
Pandit No2 Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam...
Amil baba7 views
Blockchain, AI & Metaverse for Football Clubs - 2023.pdf by kelroyjames1
Blockchain, AI & Metaverse for Football Clubs - 2023.pdfBlockchain, AI & Metaverse for Football Clubs - 2023.pdf
Blockchain, AI & Metaverse for Football Clubs - 2023.pdf
kelroyjames110 views
Macro Economics- Group Presentation for Germany by BethanyAline
Macro Economics- Group Presentation for Germany Macro Economics- Group Presentation for Germany
Macro Economics- Group Presentation for Germany
BethanyAline38 views
Practices of corporate governance in Commercial Banks of Bangladesh by Ariful Saimon
Practices of corporate governance in Commercial Banks of BangladeshPractices of corporate governance in Commercial Banks of Bangladesh
Practices of corporate governance in Commercial Banks of Bangladesh
Ariful Saimon6 views
Debt Watch | ICICI Prudential Mutual Fund by iciciprumf
Debt Watch | ICICI Prudential Mutual FundDebt Watch | ICICI Prudential Mutual Fund
Debt Watch | ICICI Prudential Mutual Fund
iciciprumf7 views
The breath of the investment grade and the unpredictability of inflation - Eu... by Antonis Zairis
The breath of the investment grade and the unpredictability of inflation - Eu...The breath of the investment grade and the unpredictability of inflation - Eu...
The breath of the investment grade and the unpredictability of inflation - Eu...
Antonis Zairis10 views
OAT_RI_Ep14 WeighingTheRisks_Nov23_GeopoliticalConcerns.pptx by hiddenlevers
OAT_RI_Ep14 WeighingTheRisks_Nov23_GeopoliticalConcerns.pptxOAT_RI_Ep14 WeighingTheRisks_Nov23_GeopoliticalConcerns.pptx
OAT_RI_Ep14 WeighingTheRisks_Nov23_GeopoliticalConcerns.pptx
hiddenlevers18 views
Stock Market Brief Deck 1129.pdf by Michael Silva
Stock Market Brief Deck 1129.pdfStock Market Brief Deck 1129.pdf
Stock Market Brief Deck 1129.pdf
Michael Silva55 views
score 10000.pdf by sadimd007
score 10000.pdfscore 10000.pdf
score 10000.pdf
sadimd00710 views
Indias Sparkling Future : Lab-Grown Diamonds in Focus by anujadeodhar4
Indias Sparkling Future : Lab-Grown Diamonds in FocusIndias Sparkling Future : Lab-Grown Diamonds in Focus
Indias Sparkling Future : Lab-Grown Diamonds in Focus
anujadeodhar48 views
Stock Market Brief Deck 121.pdf by Michael Silva
Stock Market Brief Deck 121.pdfStock Market Brief Deck 121.pdf
Stock Market Brief Deck 121.pdf
Michael Silva34 views
TriStar Gold- Corporate Presentation - December 2023 by Adnet Communications
TriStar Gold- Corporate Presentation - December 2023TriStar Gold- Corporate Presentation - December 2023
TriStar Gold- Corporate Presentation - December 2023
1_updated_Axis India Manufacturing Fund-NFO One pager.pdf by multigainfinancial
1_updated_Axis India Manufacturing Fund-NFO One pager.pdf1_updated_Axis India Manufacturing Fund-NFO One pager.pdf
1_updated_Axis India Manufacturing Fund-NFO One pager.pdf

VF2018: The convergence of tokenized offerings and global equity capital markets (Brady Fletcher, Managing Director & Head of TSX Venture Exchange)

  • 1. NCFA #VF2018 TOKENIZED OFFERINGS & GLOBAL CAPITAL MARKETS CONVERGENCE: ©2018 TSX Inc. All rights reserved.
  • 2. A unique world-class two tier market 2 TSX Venture Exchange Toronto Stock Exchange Unique Public Market “Incubator” •  654 companies that listed on TSXV have graduated to TSX •  20% of S&P/TSX** Composite Index constituents are graduates from TSXV **The S&P/TSX Composite Index is the product of S&P Dow Jones Indices LLC (“SPDJI”) and TSX Inc. (“TSX”). Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and TSX® is a registered trademark of TSX. SPDJI, Dow Jones, S&P and TSX do not sponsor, endorse, sell or promote any products based on the S&P/TSX Indices and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions or interruptions of the S&P/TSX Indices or any data related thereto.
  • 3. TSXV Ecosystem fosters growth of venture stage companies 3 24%TSXV share of listed issuers in global growth capital marketplace 44%Global growth capital marketplace Grads come from TSXV #3Exchange group by equity capital raised in global growth capital marketplace in 2017TSX Venture Exchange Ecosystem Deal makers Retail investors and brokers Independent investment dealers Data providersCommunities Regulators Media Source: S&P Capital IQ, TSX/TSXV Market Intelligence Group and the World Federation of Exchanges.
  • 4. Canopy Growth Corp (TSX – WEED) 4Source: TSX/TSXV Market Intelligence Group and S&P Global Market Intelligence. As at or YTD September 30, 2018.
  • 5. Successfully incubating Technology leaders 7“UNICORNS” (CURRENT) 58“CENTAURS” (CURRENT) 75%RAISED CAPITAL (2016-17) TECHNOLOGY 1996 – RTO on TSXV (CPC) 2014 - Acquired by Mitel ($400M) LIFE SCIENCES 2014 – RTO on TSXV (CPC) 2018 – June 30 Valuation of $7.7B LIFE SCIENCES 2014 – Spin-Out on TSXV 2018 – June 30 Valuation of $1.2B TECHNOLOGY 2001 - $2M IPO on TSXV 2018 – June 30 Valuation of $640M TECHNOLOGY 1999 - $1M IPO on TSXV 2017 – Acquired by PayPal ($300M) CLEAN TECHNOLOGY 1996 – RTO on TSXV (CPC) 2018 – June 30 Valuation of $435M 50“GRADUATES” (CURRENT) TECHNOLOGY 2010 - $5M IPO on TSXV 2018 – June 30 Valuation of $8.1B CLEAN TECHNOLOGY 1996 – RTO on TSXV (CPC) 2018 – Acquired by Xylem ($510M) Source: TSX/TSXV Market Intelligence Group and Company Filings; as at June 30, 2018 unless otherwise noted; data includes companies in the technology, clean technology, renewable energy, and life sciences sectors that initially listed on TSX Venture Exchange or are currently listed on TSX Venture Exchange.
  • 6. 2018 arguably: year of the ICO 6 Emergence of Regulation -  SEC settles with Airfox & Paragon Coin, calling ICOs securities -  Jay Clayton Consensus:Invest Interview – ICO firms should go see the SEC ASAP -  Colorado hits 18th Cease & Desist -  Utah accepts Bitcoin for taxes -  Crypto mining permissible for political campaign fundraising -  CIBC vs. QuadrigaCX highlighting the challenge of converting between fiat and crypto
  • 7. Driven evolution of token markets 7
  • 8. Opportunity for CONVERGENCE 8 CAPITAL ISSUERSUSER EXPERIENCE
  • 10. Thinking about CDS as an interface 10
  • 11. Global Equity Capital Markets still the big leagues 11 $80 Trillion Global Equity Capital Markets
  • 12. Improving the User Experience 12 INVESTOR ISSUER -  Insider trading reporting -  Automated filings -  Information dissemination -  Proxy voting -  Instant Settlement -  Access to Capital -  Elimination of middle men -  24/7 trading -  Transparency -  Avoiding regulatory requirements -  Democratization of growth stage investment
  • 13. Enhancing mobility of global capital 13