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.”
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