Apr 17, 2018

Harbor raises $28 million to "tokenize" real-world assets

Illustration: Rebecca Zisser / Axios

Harbor, a new blockchain platform for creating tokenized securities based on real-world assets, raised $28 million in VC funding led by Founders Fund.

Why it's a big deal: Because this could be to blockchain finance what e-commerce was to the Internet, in terms of a physical application of the digital.

The investment also should be a morale boost to "tokenization" advocates, following a messy (and so far unsuccessful) ICO process for The Plaza Hotel in NYC.

More from CoinDesk's Annaliese Milano:

"The protocol tokenizes real-world assets and uses ethereum smart contracts to ensure that investors can execute trades only if they satisfy pertinent regulations, such as know your customer and anti-money laundering requirements."

Other investors in the round included Andreessen Horowitz, Pantera Capital, Future Perfect Ventures, 1confirmation, Signia Venture Partners and return backers Craft Ventures, Vy Capital and Valor Equity Partners.

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Bernie's juggernaut

Sen. Bernie Sanders speaks in San Antonio last night with his wife, Jane. Photo: Eric Gay/AP

Sen. Bernie Sanders won so big in the Nevada caucuses that Democrats are hard-pressed to sketch a way he's not their nominee.

Driving the news: With 60% of precincts counted (slow, but better than Iowa!), Sanders is running away with 46% of delegates — crushing Joe Biden's 20%, Pete Buttigieg's 15%, Sen. Elizabeth Warren's 10% and Sen. Amy Klobuchar's 5%.

Go deeperArrowUpdated 29 mins ago - Politics & Policy

Buttigieg campaign claims Nevada caucuses were "plagued with errors"

Photo: Win McNamee/Getty Images

Pete Buttigieg's campaign wrote a letter on Sunday asking the Nevada State Democratic Party to release early vote and in-person vote totals by precinct and address certain caucus errors identified by campaigns, The Nevada Independent reports.

The big picture: The campaign alleges that the process of integrating early votes on caucus day was “plagued with errors and inconsistencies,” and says it received more than 200 incident reports from precincts around the state.

Go deeperArrowUpdated 36 mins ago - Politics & Policy

Coronavirus threat grows, threatening some drug supplies

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

As the novel coronavirus continues spreading globally and China grapples with a limited production capability, there's a growing risk to about 150 prescription drugs in the U.S., sources tell Axios.

The big picture: The coronavirus has spread to more countries, with both South Korea and Italy stepping up emergency measures amid rising case numbers on Sunday. COVID-19 has killed at least 2,467 people and infected almost 79,000 others, mostly in mainland China.

Go deeperArrowUpdated 1 hour ago - Health