Investment Platform BnkToTheFuture Equity is expanding its service to tap into the growing market for buyers' primary coin festival (ICO).
Investment hub for industrial startup which returns to investors like Bitwaj and Yokokin, BnkToTheFuture is allowed to buy a so-called general contract for a future framework for introducing a future token of future Token, or SAFTs, by Early Protocol Labs.
Future equity, or SAFEs are modeled after the Y Combinator's simple agreement, through which investors can get equity at the beginning and later, SAFTs allow investors to get future tokens in the future.
Significantly, Protocol Labs has used the framework for its Fileclone ICO Yesterday, which is hindered by technology issues, but is raised to $ 200 million in just one hour.
Through BnkToTheFuture, investors will buy SAFTs, as well as equity to startups planning to launch a token sale later. In the next month, it gives investors the pre-sale SAFTs, even though the option to purchase equity without buying the option.
Chief Executive Officer Simon Dixon said that the link is coming from the site's user base, as well as due to the recent broadcast of IOCC activity.
He said CoinDesk:
"Our investors had demanded that they provide more profits for their investment and that the established companies want to use the new liquidity access to the market, it was driven as the market of the IoSo Market."
Information from CoinDesk's ICO Tracker shows that $ 1.7 billion worth of funding has been raised up to date, through which startups and project teams can collect money through the sale of cryptographic tokens.
Regulators, though, are starting to pay more attention to the market. In the statement issued by the UP Securities and Exchange Commission, the Singapore Central Bank issued a warning from an IOC investor in early this week that some tokens would be considered as securities.
Besides, the SEC yesterday suspended the trading of Nevada-based company shares.