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
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.”
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
tokens have been implemented in regulated real-world assets to include equity,
estate, and even fine
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.