BnkToTheFuture, a FinTech firm is all set to invest in an asset consulting firm Diacle to facilitate security token offerings (STOs) with an undisclosed amount.
The objective of the joint venture is said to be developing a shared security token and offering investment services. BnkToTheFuture is a fundraising platform for blockchain startups, which aims to reach to a wider network of investors and wants to launch new security Token and finance consulting services.
The strategic investment might help 87000 registered qualified professional investors of BnkToTheFuture across the world. The Investment done by these professionals stands around $775 million.
More about BnkToTheFuture and Diacle
BnkToTheFuture is a Hong Kong-based fundraising platform for Blockchain Firms established in 2010. It has helped more than 100 firms to raise funds through primary offerings. It has also launched its secondary Market platform to perform share related transactions for its investors like Circle, Bitfinex, Kraken, Ripple Labs, etc. under SPV structure.
Diacle is a corporate Finance and regulatory consulting firm focused on the blockchain industry. Founded in 2013, it is the first firm in Europe to offer blockchain-related consultancy with expertise in the execution of the successful token sale.
“Together with Diacle we have built the infrastructure to allow the compliant security token offerings,” Simon Dixon, CEO, and Co-founder of BnkToTheFuture said.
The big challenge for the industry is investors want to invest in security tokens because they offer additional liquidity. But the liquidity is not there yet, as the assets class is very new,
“We are really excited to work with BnkToTheFuture as a strategic investor build the next wave of disruption coming to capital markets. Diacle has been helping crypto projects with licensing, compliance and financing since 2013 and looks 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,” Says John Thompson CEO of Diacle Ltd.
The Objective of the joint venture
The collaboration will work towards forming a network of EU and UK investors who aspires to invest in crypto and FinTech companies. Consultancy services regarding corporate finance for security token offerings (STO) will be provided by the conglomerate.
BnkToTheFuture and Diacle have been in collaboration previously for launching BnkToTheFuture tokens. Also, Adan Vajiri (founder of Diacle) and Dixon have formed a UK Digital Currency Association in 2012 to support Bitcoin adoption.