Globacap eyes blockchain first with FCA’s help

Digital capital raising platform, Globacap, is gearing up to be the first company to ever issue equity securities in public blockchain with oversight from the UK’s financial regulatory body, the Financial Conduct Authority (FCA).

As part of the FCA’s six-month sandbox cohort four, Globacap will perform an end-to-end capital raising on its own platform, which will involve issuing part of its own equity as an ERC-compatible token, in its Digital Security Offering.

Myles Milston, CEO and Co-founder of Globacap, comments: “This is transformative to the securities industry, paving the way for small and mid-sized businesses to more efficiently access a wider pool of global capital. The Innovate team at the FCA have been pivotal in this milestone, allowing us a quicker route to launch our proof of concept while having regulatory oversight.”

Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.

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