Cayman Islands-registered BnkToTheFuture announced on Monday that it has closed its USD 33 million token sale. The global fintech, Bitcoin and blockchain investment platform stated that its private offering for accredited investors sold out in less than 15 hours, and that its public sale of 30 million BFT tokens sold out in less than three minutes. Notable investors in the private sale include the Hong Kong-based Kinetic Capital, FBG Capital, CryptoIQ and Roaming Capital, according to the company.
During its sale, BnkToTheFuture stated that it aimed to show how a token sale can be conducted in line with already established securities laws. According to the investment platform, all participants in the public sale underwent a screening process prior to being whitelisted in order to comply with global know-your-client and anti-money laundering regulations. Additionally, all participants in the presale went through a professional investor accreditation process. BnkToTheFuture added that the exact same price was offered to both presale and public sale participants with no preferential bonuses or discounts that can lead to unfair markets.
“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,” stated BnkToTheFuture co-founder Simon Dixon, a former investment banker. “We have always followed securities laws when conducting our offerings. In 2017 ICO’s dwarfed equity investing for our industry. As the regulatory landscape evolves we believe that 2018 will see issuers increasingly acknowledge the need to issue tokens with securities laws in mind.”
BnkToTheFuture claims the title of the world’s largest online investment platform focused exclusively on fintech, bitcoin and blockchain ventures. Its board of advisors include crypto pioneers Charlie Shrem of CryptoIQ.co, Fenbushi Capital partner Bo Shen, and Transform Group CEO Michael Terpin.
For more information, visit https://bnktothefuture.com/.
Source: Read Full Article
Expert Takes – Implications Of Visa Patent For Blockchain-Based Digital Currency
China Intent on Global Blockchain Domination
South Korean Internet Agency Teams With Coinplug To Develop Blockchain-Based Employee ID System
Steve Wozniak: Blockchain is in a Bubble due to the Hype
Binance X: Nurturing a Community of Open Source Development | BTCMANAGER