Investors and crypto-enthusiasts alike will be celebrating the birth of the world’s first cryptocurrency-backed investment firm in a few weeks time, with the company announcing on Friday that it is raising an investment of $5m.
“Our company is based in the United States, and we have a lot of people here who are passionate about the technology and technology companies that are building on it,” said Chris Oleson, CEO of Cryptobond, which will be based in New York.
The company will be using the same token that has been used to launch a number of ICOs this year to finance its business, which has been launched with a crowdfunding campaign that has raised more than $60m to date.
It has secured $5.2m from the ICO funds, which have also attracted a number more institutional investors.
Olesen explained that this will be the largest fund ever raised in an ICO, as it is the largest investment from an American company, surpassing the $5 million raised by the New York Stock Exchange last year.
Ovalson also revealed that Cryptobonds investors will be able to buy in the company on exchanges and other online markets, and that the ICO tokens are not listed on a stock exchange or listed on any other trading platform.
Cryptobondo is the first company in the world to create a blockchain-backed ICO.
“Crypto-entrepreneurs have been making the investment in blockchain technology for decades, but the underlying technology is a bit different, and the company is focused on creating a technology that’s focused on blockchain,” Olesa told the press on Friday.
“The technology is very mature and secure, and it has the ability to be used by millions of people in a lot more than just financial institutions.”
The company has been using the Ethereum blockchain as its platform for the past few months to build its platform, and Oleso explained that Cryptobi has already secured $1.8m in venture capital backing from a number private equity firms, as well as an initial seed round of $200,000 from a venture capital firm.
Olleson said that Cryptomarkets tokens will be issued on the Ethereum network, which means that the company will have the ability of issuing them to its customers.
“When the token is first issued, we’re going to be able use it as a means of storing data, and to pay for other services, so we have the capability to do all sorts of things,” Ollenson said.
“It’s very secure, very decentralized and very efficient.
It’s very smart and efficient.”
The ICOs are set to take place from March 18 to 21, with Olesons company hoping that it will be successful.
“We’re excited to announce our first investment, and look forward to building CryptobOND into a global blockchain-enabled financial platform for those who value innovation, accountability and trust in a new era of decentralized finance,” Olsen said.
The firm’s initial coin offering, which began on March 6, was a success and it is still trading at over $20,000 per coin.
The initial token sale, however, was suspended after a few months, and Cryptobonding was re-launched in early 2018 with a new ICO.
In February 2018, Cryptobodex was the first blockchain-based investment firm to be listed on the Tokyo Stock Exchange.
The new platform, which launched in November 2017, has raised over $60 million, and will continue to operate under the Cryptobound name.
“In our view, the most important part of this new crypto-economy is the ability for people to transact securely and easily in an environment that is both open and transparent,” said Cryptobonda in a press release.
“This is why Cryptobodyx has taken this path, as we believe the future of finance will be underpinned by a secure and transparent ecosystem.
We see ourselves as the first global investment platform to offer a fully-featured blockchain-powered investment product, and intend to continue to be the first to launch the Cryptocurrency-backed token for those with a particular interest in blockchain and crypto.”
The platform has also been in contact with a number banks around the world, and has also recently secured the support of the US Securities and Exchange Commission.
The ICO platform was launched in early 2019, and was later re-branded in November 2018 to Cryptoboint.
The investment firm has also attracted attention from several of the biggest tech investors, including Twitter and Amazon.
However, Olessons company has also received criticism from some in the blockchain space.
“I’m disappointed that CryptoMarks ICO has been halted, but I am not discouraged,” said Alexei Karpov, co-founder and CEO of CoinDesk, who wrote a blog post criticising the ICO.
Olsons company is also in talks with an investment bank to