Investors snap up Kraken stock in $10.2 million tokenized equity offering66

Kraken, one of the oldest cryptocurrency exchanges, reached out to its customers via email offering them tokenized stock in the company. The stock, which can be bought in chunks as small as $1,000, will be sold through a regulated investment company called “Bnk to the Future.”

Companies in the crypto industry have been coming up with ways to raise funds for almost a decade now, and have gone full circle from ICOs all the way to IEOs. However, one of the oldest cryptocurrency exchanges in the world is looking past these crypto-specific funding methods and is instead going head first into selling tokenized equity as a security token offering (STO).

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