BTC-3.27%
Crypto
Fundraising Platform BnkToTheFuture Enters Security Token Space
Editorial disclosureRead more
All reviews, research, news and assessments of any kind on The Tokenist are compiled using a strict editorial review process by our editorial team. Neither our writers nor our editors receive direct compensation of any kind to publish information on tokenist.com. Our company, Tokenist Media LLC, is community supported and may receive a small commission when you purchase products or services through links on our website. Click here for a full list of our partners and an in-depth explanation on how we get paid.
As of September 12th 2019, investment platform BnkToTheFuture has announced an investment in Diacle to launch a security token investment and advisory service.
BnkToTheFuture and Security Tokens Explained
BnkToTheFuture is a fundraising platform for FinTech and blockchain-based firms. The Cayman Islands-based company boasts a community of over 87,000 investors who have invested more than $775 million through its online platform.
Diacle is a crypto consultancy firm and appointed representative of Met Facilities LLP, which is authorized and regulated by the UK’s Financial Conduct Authority. They’re a team of legal experts who assist with navigating the legalities of token finance, including corporate structure licensing, token modeling, and tax law.
BnkToTheFuture has now placed an undisclosed stake in Diacle, and the two will build a shared security token advisory and investment service.
According to Simon Dixon, CEO and co-founder of BnkToTheFuture,
“In 2010 we started our mission to allow investors to buy equity in companies building the future of finance. We provided an opportunity for our community to invest online in a handful of unicorns and cryptocurrency exchanges. We see a similar trend with security tokens and together with Diacle, we have built the infrastructure to allow for compliant security token offerings. Our investment in Diacle was designed to align our interests so we can drive the sector forward faster with two proven teams that have track records of bringing crypto-based security offerings to market.”
John Thompson, CEO of Diacle Limited, said,
“We are really excited to work with BnkToTheFuture as a strategic investor to build the next wave of disruption coming to capital markets. Diacle has been helping crypto & blockchain projects with licensing, compliance and financing since 2013 and look forward to working with BnkToTheFuture much more closely to bring token-based corporate finance to a much deeper pool of investors as the industry grows.”
The nascent security token industry has seen 64 successful Security Token Offerings (STOs) which raised nearly $1 billion collectively.
Security tokens have been implemented in regulated real-world assets to include equity, investment funds, real estate, and even fine art.
What do you think about BnkToTheFuture investing in Diacle and entering the security token industry? Let us know what you think in the comments section below.
Image courtesy of BnkToTheFuture.
Tim Fries
Tim Fries is the cofounder of The Tokenist. He has a B. Sc. in Mechanical Engineering from the University of Michigan, and an MBA from the University of Chicago Booth School of Business. Tim served as a Senior Associate on the investment team at RW Baird's US Private Equity division, and is also the co-founder of Protective Technologies Capital, an investment firm specializing in sensing, protection and control solutions.
