Fintech blockchain fundraising platform BnkToTheFuture raises $33M in ICO

February 27, 2018
180 Views


Fintech and blockchain fundraising platform BnkToTheFuture has raised some money for itself, netting $33 million via an initial coin offering.

Founded back in 2010, the Hong Kong-based company, formally known as Keystone Capital Corp., offers an equity crowdfunding platform. It allows users to invest in private companies starting with the equivalent of $10. But unlike others in equity crowdfunding, it was the first to support investments made in bitcoin.

The ICO consisted of two stages, the first a private token sale limited to accredited investors, which sold out in 15 hours. The second stage, the public sale of 30 million ERC-20 compatible BFT tokens, sold out in a staggering two minutes and 17 seconds.

“In 2015 our platform allowed our investors to obtain equity exposure in what have become some of today’s most valuable companies such as BitFinex, Kraken, BitStamp, BitPay and ShapeShift, among many others,” founder and Chief Executive Officer Simon Dixon said in a statement.

Dixon took pains to note that the company has followed securities laws in it offerings. “In 2017 ICOs dwarfed equity investing for our industry,” he said. “As the regulatory landscape evolves we believe that 2018 will see issuers increasingly acknowledge the need to issue tokens with securities laws in mind.”

Notable investors in the ICO included Kinetic Capital, FBG Capital, Hashed (Formerly Blockchain Partners Korea), Charlie Schrem’s CryptoIQ, Roaming Capital and other bitcoin industry veterans.

To the company’s credit, this is the first time it has raised money since 2015, when it raised $10 million in a crowdfunding campaign.

Image: BnkToTheFuture

 


Since you’re here …

… We’d like to tell you about our mission and how you can help us fulfill it. SiliconANGLE Media Inc.’s business model is based on the intrinsic value of the content, not advertising. Unlike many online publications, we don’t have a paywall or run banner advertising, because we want to keep our journalism open, without influence or the need to chase traffic.  

The journalism, reporting and commentary on SiliconANGLE — along with live, unscripted video from our Silicon Valley studio and globe-trotting video teams at theCUBE — take a lot of hard work, time and money. Keeping the quality high requires the support of sponsors who are aligned with our vision of ad-free journalism content.

If you like the reporting, video interviews and other ad-free content here, please take a moment to check out a sample of the video content supported by our sponsorstweet your support, and keep coming back to SiliconANGLE:

 






Source link

You may be interested

Bitcoin [BTC] is moderately oversold while Ethereum [ETH] is significantly oversold, says Circle CEO – AMBCrypto News
Ethereum News
5 views
Ethereum News
5 views

Bitcoin [BTC] is moderately oversold while Ethereum [ETH] is significantly oversold, says Circle CEO – AMBCrypto News

Editor - December 15, 2018

[ad_1] Bitcoin [BTC] is moderately oversold while Ethereum [ETH] is significantly oversold, says Circle CEO  AMBCrypto NewsThe cryptocurrency market has been…

2019 Tech Predictions: ‘Stablecoins’ Will Be Crypto’s Next ‘ICO Boom’
ICO News
5 views
ICO News
5 views

2019 Tech Predictions: ‘Stablecoins’ Will Be Crypto’s Next ‘ICO Boom’

Editor - December 15, 2018

[ad_1] Stablecoins: you may not have heard of them, but they could become the hot new commodity in the cryptocurrency…

Coinbase Philosophy of Consensus – Crypto Economy
Coinbase News
4 views
Coinbase News
4 views

Coinbase Philosophy of Consensus – Crypto Economy

Editor - December 15, 2018

[ad_1] The growth of Coinbase over the year 2018 has led to an increase in revenue for the firm. Besides…

Leave a Comment

Your email address will not be published.