Entering text into the input field will update the search result below

12 Peers Capital Markets Buys DigitalBits' XDB Token

Sep. 23, 2020 9:14 PM ET
Dan_Gray profile picture
Dan_Gray's Blog
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.


  • 12 Peers Capital Markets reaffirms participation in the digital assets space.
  • The firm recently announced a new investment thesis focused on identifying blockchain projects that improve efficiencies across global markets.
  • DigitalBits is supported by the XDB Foundation, a neutral agnostic non-profit.

12 Peers Capital Markets has recently purchased an undisclosed amount of DigitalBits (XDB), marking the firm’s second venture into the blockchain space. This follows hot on the heels of a similar investment in ShareRing (SHR), a blockchain project targeting the global rental economy. 12 Peers Capital Markets has engaged DigitalBits ecosystem partner GDA Capital, a merchant bank focused on blockchain and digital assets, for advisory services, reaffirming a new found investment thesis focused on identifying and supporting blockchain projects that look to enhance function within enterprise.

12 Peers Capital Markets is a broker-dealer incorporated in the Cayman Islands and registered with the Cayman Islands Monetary Authority (CIMA). The firm provides professional advisory and investment management services related to fixed income securities, structured notes and alternative investments for high net worth individuals and institutional investors. Its exploration of digital assets represents a fundamental shift among enterprise and institutional investors, indicative of growing institutional interest in the space.

There is a good chance that the sector that DigitalBits is targeting, branded currencies, also played a role in this recent investment. Branded currencies, assets inclusive of loyalty points, rewards, gift certificates etc., account for billions of dollars in consumer value. However, the points economy is heavily fragmented, and dated infrastructure severely limits the ability of users to fully realize the value they hold. Through the tokenization of branded currencies, DigitalBits looks to bring consumer digital assets into the new age, facilitating seamless value transfer between consumers, merchants, brands, and enterprise.

12 Peers Founder and EVP, Gordon Ferguson, expressed significant interest in the potential for tokenized branded currencies, inclusive of branded stablecoins. “We are excited to support the DigitalBits Project’s ecosystem and branded currency initiatives, including branded stablecoins. The void for more immersive brand-to-consumer experiences continues to widen, and thereby creating a tremendous opportunity for blockchain technology and branded stablecoins to enhance the engagement between brands and consumers,” he said.

The XDB Foundation presented a strong case for branded stablecoins at the first ever World Stablecoin Summit, citing the combination of not only stability and blockchain technology, but the addition of heightened market intelligence, and the ability to leverage existing brand ecosystems. The XDB Foundation looks to work closely with the World Stablecoin Association (WSA), to further develop and promote branded stablecoins, with DigitalBits as the blockchain solution of choice when issuing these unique assets.

Analyst's Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.