Established as Europe’s leading token issuance and advisory platform, TokenMarket is committed to democratising investment opportunities in cutting-edge technology companies. The firm has recently announced its intent to raise up to £10 million in a security token offering (STO).
Notably, since 2017 the firm has assisted 30+ of the most innovative blockchain companies raise over $350m, issuing digital tokens in a secure, regulation compliant manner to over 250k separate wallet addresses. TokenMarket intends on expanding its service across the EU, as well as Dubai, and will incorporate its own “security token exchanges” TokenMarket.
About The Offering
The forthcoming STO of TokenMarket will be issued under the watchful eye of the UK Financial Conduct Authority (FCA). In July of 2018, TokenMarket was officially accepted by the FCA into their regulatory Fintech Sandbox. The offering will reportedly be open to professional and self-certified investors and is said to be “first of its kind” in the UK.
The TokenMarket STO is said to be launched in two stages: first, a private placement for professional investors which is now open and second, a tokenised equity crowdfunding campaign for self-certified investors which is expected to take place in March 2019. TokenMarket reportedly generated £9 million in revenue during its last fiscal year and has been completely self-funded prior to this offering.
Ransu Salovaara, TokenMarket CEO and co-founder, said “Europe has markedly failed to match the prowess of the US in nurturing technology champions that drive innovation, economic growth, and job creation. At the same time, everyday investors are often shut off from exciting investment opportunities. We firmly believe that STOs will help to solve this dilemma by democratising access to finance whilst providing the same investor protections as traditional securities.”
Mikko Ohtamaa, TokenMarket CTO and Co-Founder stated “We believe we have constructed a fully compliant yet non-custodial, blockchain-based platform that helps early-stage companies raise funding while potentially giving investors earlier liquidity.”