BnkToTheFuture nets $30m in just 24 hours of ICO pre-sale


Online investment platform BnkToTheFuture nets $30m in the first 24 hours of its pre-ICO sale.

The pre-sale is only open to institutional investors and users of the trading platform.

BnkToTheFuture is an online investment platform that allows people to invest in FinTech equities, bitcoin, blockchain companies, and ICOs that have passed due diligence. There are nearly 50,000 professional and accredited investors on the platform which has seen $260m invested in funding rounds for FinTechs, including Kraken, BitFinex, BitStamp and Shape Shift, among others.

The tokens gives users access to the platform’s multi-tiered membership which gives access to priority deals. Coins will also be given as a reward for those that perform due diligence on prospective deals, sourcing prospects or managing investor relations.

The company is looking to integrate blockchain technology to enable trading of security tokens later in the year.

An ICO is planned to launch on February 6th with a cap of $3m and will be limited to those that buy $1.000 worth of tokens. The price of the cryptocurrency is the same across all three sale phases, which are the pre-sale for institutional investors, pre-sale for qualified investors and the public sale.

BnkToTheFuture CEO Simon Dixon said, “The ICO boom has proved that there is a huge appetite to allocate funds to Blockchain technology when a liquid secondary market exists. If they had the choice I think most would have preferred to trade shares in the company rather than tokens with no shareholder rights.

“With the current regulatory landscape, we feel the time is right to bring ICO style trading and liquidity to the private equity markets all through a compliance-driven platform.”

There have already been various ICOs to close this year, with this week seeing global remittance company SureRemit close a $10m ICO and retail token distributor Gatcoin hit its $14.5m hard cap.

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