A promising pair of companies have just released news of an upcoming security token offering. This announcement will see KABN (Gibraltar) Limited issue digital securities through a token sale hosted by the U.K’s Tokenise.
Through this STO, KABN intends to raise the funds necessary to ensure the continued development of their financial services platform. This platform will be focused around not only a digital wallet, but a VISA endorsed card, linked to cryptocurrency holdings, a loyalty program, and blockchain based identification services.
While these tokens will initially only be available to qualified investors in the UK, it is only a matter of time before they find their way onto secondary exchanges; thereby opening a global opportunity to invest in the upstart, KABN.
Tokenise has recognized the potential of KABN. They have indicated that upon successful completion of their STO, they will utilize the services offered by KABN in their future offerings for other companies. KABN has the ability to do so, through previously established partnerships with both Pannovate and Transact Payments.
The intent for future use of services obviously makes Tokenise’s inaugural STO an important one, as the event directly affects a potential business partner of theirs.
Within their press release, representatives from both Tokenise and KABN took the time to comment on these events. The following is what each has to say.
“Tokenise is delighted that KABN has chosen to issue its equity token through our platform. Not only does this endorse the Tokenise model, it will also be amongst the first issuance of an equity token on a global basis, paving the way for the emergence of a new future in tokenised securities.”
“We are excited to be partnering with Tokenise for both our crowdfunding equity token sale and for our services platform…The KABN Token represents an effective way for our stakeholders to participate in our success and benefit from the potential opportunity and liquidity that the Tokenise platform intends to provide to investors.”
KABN is a Canadian company based out of Vancouver, British Columbia. The company was founded in 2017, and has since gone on to establish global ties. To date, operations are overseen by CEO, Ben Kessler.
Tokenise is a United Kingdom based company, which was founded in 2018. The company functions as a crowdfunding platform, with a focus on digital securities. This service is made available through regulation by the United Kingdom Financial Conduct Authority.
In Other News
Along with news of their upcoming security token offering being released, we recently detailed KABN, regarding their role with Polymath. Check out the article below to learn more about a recently announced ‘consortium’ to be created through this pairing of companies.