Online investment platform BnkToTheFuture will expand its storage token offering business to the U.S with an investment in a Securities and Exchange Commission-licensed broker dealer.
"We forecast by 2020 up to 50 percent will opt for an innovative security token that improves the potential for returns for investors over traditional equity. We are aiming to build a new industry and asset class."
Launched in 2010, BnkToTheFuture is a Cayman Islands-based platform that allows accredited investors to raise equity for financial technology and crypto companies.
Since opening STO investments in 2019, it's launched two security tokens, including the Bitfinex hack recovery token convertible to Bitfinex equity, and the Lottery.com revenue share token.
All three strategic investments or acquisitions BnkToTheFuture made this year were to expand its STO business, Dixon said, including an investment in Altcoin.io, which will support a security token exchange to launch in 2020.
"We are currently working on security tokens built on the liquid Bitcoin sidechain so we can automate Bitcoin dividends under a revenue share model," he said.
Dixon previously said 18 percent of the pitches the firm receives from companies looking for funding were for security tokens.
Currently 95 percent of deals on BnkToTheFuture's platform are in traditional equity.
In 2019, 61 percent of investments were made in crypto.
Of the crypto investments 42 percent was in ether, 36 percent bitcoin and 22 percent stablecoins.
BnkToTheFuture CEO: 50 Percent of Funding Will Be Through Security Tokens in 2020
Published on Nov 11, 2019
by Coindesk | Published on Coinage
Mentioned in this article
Much Anticipated Central Bank Digital Currencies Raise Privacy Concerns
Central Bank Digital Currencies, or CBDCs, have been an increasingly popular topic in the cryptosphere and financial world as a whole, especially with the onset of the COVID-19 crisis.
These charts suggest Bitcoin's "safe-haven" status is about to see its ultimate test
One integral facet of Bitcoin's value that investors have long pointed to is its potential status as a "Safe haven" asset.
Presidential Campaigns and Tiktok: Bad Crypto News of the Week
It's been another good, stable week for Bitcoin.
Here's what triggered the parabolic surges in Cardano, Kyber Network, and Matic
According to crypto research and data firm Messari, the driving force in much of the altcoin market right now and over the past year is staking.