BnkToTheFuture closes ICO on $33m

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fintech insurtech wealthtech regtech ai cybertech esg news

Online investment platform BnkToTheFuture has closed its ICO on $33m, with the public sale closing on its $3m hard cap within 2 minutes 17 seconds.

The company initially raised $30m through its pre-sale, which closed last month and was completed within 24 hours. Following the close of the ICO, all holders with a minimum hold and stake of 10,000 BFT tokens, will get priority access to futures deals on the company’s platform.

The token sale was only available to those that bought $1,000 work of BTF tokens. BTF coins enable holders to access the company’s membership program which provides priority access to deals.

BnkToTheFuture is an online investment platform that enables consumers to invest in FinTech equities, bitcoin, blockchain companies and ICOs, which have all passed due diligence. The company has nearly 50,000 professional and accredited investors on the platform and has helped deploy £191m to FinTechs.

Over the next year, the company is looking to develop its investor relations BFT reward program, it due diligence and listing applications platform, and its mobile wallet. In the third quarter of the year, the company hopes to deploy its secondary and securities token market.

Some of the other FinTech ICO sales have already closed this year. Earlier in the month, CoinMetro, which is a blockchain-based financial platform for buying and selling cryptocurrencies, closed its pre-ICO sale on €7m. Blockchain banking platform Bankera also closed an ICO during the month, picking up €100m through the sale of 4 billion tokens.

Copyright © 2018 FinTech Global

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