Fintech investment platform BnkToTheFuture has secured an initial $30 million for its tokenized equity market and due diligence platform in the first three days of its private token pre-sale open solely to institutional investors.
BnkToTheFuture announced that it will now incorporate blockchain technology in order to allow the trading of security tokens in 2018 and will issue its BnkToTheFuture token (BFT) to support deal flow analysis, due diligence, and investor relations on its platform.
Among other features, BFT will grant existing users access to the platform’s multi-tiered membership for qualifying investors to access priority deals and also will act as a reward to other token holders who conduct, on behalf of the platform and community, due diligence on prospective deals, such as sourcing prospects or managing investor relations by giving status updates on a listed company’s progress.
With the recent boom in ICOs, while on one hand investors are increasingly demanding a more transparent marketplace with high levels of security, there is also an uptick in the international regulatory scrutiny that could lead to a majority of offerings being viewed as securities. BnktotheFuture said that it will solve such issues for both issuers and investors due to a combination of having attained a suite of securities business registrations and building a compliance-driven platform. In addition, the platform aims to offer real-time access, pricing, liquidity, and a transparent marketplace for trading private equity.
“The ICO boom proved that there is a huge appetite to allocate funds to Blockchain technology when a liquid secondary market exists,” said Simon Dixon, CEO of BnkToTheFuture. “If they had the choice I think most would have preferred to trade shares in the company rather than tokens with no shareholder rights. With the current regulatory landscape, we feel the time is right to bring ICO style trading and liquidity to the private equity markets all through a compliance-driven platform.”
The compliance-driven platform has over 48,000 professional and accredited investors and has invested more than $260 million in the funding rounds of fintech, Bitcoin and blockchain deals listed on its platform including Kraken, BitFinex, BitStamp, and ShapeShift. BnkToTheFuture’s public token sale, capped at $3 million, will launch on February 6, 2018, limited to those that wish to purchase $1,000 worth of tokens to utilise its membership and $5m, capped at $10,000, has been allocated exclusively for users of BnkToTheFuture.com, the release said.
