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Can Bankera Succeed as the First Purely Digital Blockchain Bank?

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Bankera, a forthcoming digital banking platform conceived by London-based cryptocurrency solutions provider SpectroCoin, has collected some €45 million in total from over 38,000 backers since opening its pre-initial coin offering (ICO) late in August of 2017. SpectroCoin was founded by Lithuanian entrepreneurs: Vytautas Karalevičius, Mantas Mockevičius and Justas Dobiliauskas. Bankera is the brand name of the British Virgin Islands holding company Finalify Ltd.

Bankera hopes to raise €177 million in total by the time it sells off 2 billion of its banker tokens, or BNK, through its ongoing ICO launched on November 27, 2017. At January 2, 2018, Bankera claims to have sold over 1 billion tokens. SpectroCoin plans on using that capital to build out its vision of a “bank for the blockchain era,” one that can provide all the financial services of traditional brick and mortar institutions without the encumbrance of legacy systems that typically hamper the adoption of emergent financial technologies.

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Capital Constellation Backs Middle Market PE Platform

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Capital Constellation is the investment platform owned by the Alaska Permanent Fund Corporation (APFC), RPMI Railpen, and Wafra Inc. on behalf of the Public Institution for Social Security of Kuwait (PIFSS). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Canadian Pension Giants Could Support Trans Mountain Pipeline Deal

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The British Columbian (B.C.) government and indigenous groups publicly oppose the Trans Mountain Pipeline project over a number of issues, which include environmental concerns (potential pipeline spills) and land protections. The threat of project derailment sent jitters to Houston-based Kinder Morgan, Inc., requiring the company to halt non-essential spending on Trans Mountain Pipeline L.P. Calgary-based Kinder Morgan Canada Limited, which owns the pipeline, is a listed company that is 70% owned by Kinder Morgan and 30% owned by stock market investors (float). Kinder Morgan Canada hired TD Securities to explore options regarding the future of the pipeline.

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Goldman Sachs Poised to Name David Solomon as New CEO

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Goldman Sachs is poised to name David M. Solomon, the firm’s president, as its new CEO, replacing Lloyd C. Blankfein. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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