First U.S. SEC-Approved Token Sale Raises $23 Million
The first-ever U.S. SEC approved token sale purportedly raised around $23 million from the U.S. and international retail investors.
The token offering is unique because retal investors in the U.S. were able to partake for the first time in a token offering qualified by the U.S. Securities and Exchange Commission (SEC).
According to a blog-post by Muneeb Ali, co-founder, and CEO of Blocktack PBC, more than 4,500 individuals and entities participated including Union Square Ventures, Lux Capital, Recruit Holdings, Arrington Capital, Hashkey Group, Fenbushi Capital, Frontier ventures and Spartan Group.
In addition to this, Ali revealed that his company is in discussions with international investors for an additional $5 million which may be distributed in a separate private placement or in a follow-on SEC-qualified offering.
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