BCAP Security Tokens to be Available at SharesPost

BCAP is a token of the Blockchain Capital, which tokensale successfully took place back in April 2017
11 January 2019   759

BCAP tokens, representing shares of Blockchain Capital III, is listed on the SharesPost regulated trading platform, according to a press release.

Note that the Blockchain Capital tokensale successfully took place back in April 2017. At their core, BCAP tokens are security tokens because they represent shares in an investment portfolio that includes large companies and crypto-industry projects.

Due to global legal uncertainty, BCAP tokens soon began to disappear from the listing of cryptocurrency exchanges, and then completely became illiquid. For a long time, these tokens could be bought or sold only on the decentralized EtherDelta Exchange. The BCAP market price at this site was, as a rule, well below net worth.

BCAP became the first security token on the SharesPost alternative trading platform. Asset trading is available to accredited investors.

This is an important milestone for the digital securities ecosystem. Now companies can efficiently raise capital and provide liquidity globally by leveraging blockchain technology in a way that complies with securities laws. We are very excited to be connecting the more than 50,000 institutional and individual accredited investors using the SharesPost marketplace with companies and funds like Blockchain Capital that are leading the way. We believe that over time digital securities will join preferred and common stock as the mainstays of the private capital market.

Greg Brogger

Founder and CEO, SharesPost

At the end of last year, Blockchain Capital participated in the financing of Securitize startup.

Ambisafe to Cut Over 50% of Staff

According to CEO, actions of US regulators regarding ICO hit hard his company activities, which develops blockchain platform for conducting ICO
19 April 2019   165

Ambisafe, which is developing a blockchain platform for conducting ICO, as well as providing audit services for smart contracts and software development, reduced its staff from 120 to 50 at the end of last year. This is reported by the Coindesk.

Ambisafe CEO Andrii Zamovsky said that at the top of the ICO boom, the company's monthly revenues reached $ 500,000 a month. However, the actions of US regulators regarding ICO projects have made this type of fundraising much less attractive and revenues have decreased almost five times.

We see ourselves as the infrastructure provider for blockchain-based financial markets. We were hiring too fast. I would rather not take some of the projects that we took.

Andrii Zamovsky

CEO, Ambisafe 

Similar cuts were made to other ICO startups, including Hosho and BlockEx.

Fall in the market last year seriously affected many blockchain companies. So, Steemit, a popular social network on the blockchain, was forced to cut 70% of its staff, Nebulas startup laid off 60% of its employees, and Ethereum Startup Status - a quarter of the team.