San Diego-based blockchain business Total Network Services has closed of a Series A round of security tokens structured by city native venture Deal Box, a capital advisory and financial technology firm.
Total Network Services is already planning on follow-on Series B security token offering for up to $25m, which will begin in November.
The Series B offering isset at $1.00 per token with a minimum investment of $25,000, and will also be promoted Deal Box.
“We are excited to have secured the rights to the technology we have been working so hard to develop and commercialize under a marketing agreement,” said Thomas Carter, CEO of Total Network Services. “In addition, the proceeds from this planned offering will provide capital that will enable us to launch a worldwide marketing campaign to promote Digital Names and our related service offerings.”
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