Y Ventures Group becomes first public firm to launch an ICO in Singapore

Singapore-based e-commerce firm Y Ventures Group has become the country's first public entity to hold an Initial Coin Offering (ICO) in Singapore to raise about USD 50 million.

After going public on the Stock Exchange of Singapore last year, the firm declared its plan of creating a blockchain based e-commerce system in July and announced the sale of its AORA token at the end of July.