Publicly Listed Companies on Major Capital Markets to Raise Funds via ICOs? Yes, Says Pegasus Fintech

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It will soon be possible for publicly listed companies on major capital markets, to raise funds through Initial Coin Offerings (ICO’s) using crypto-currencies based on a Blockchain platform.

Whilst the FCA deems ICO’s as high risk and subject to increasing regulatory scrutiny, Pegasus Fintech Inc has developed a process for public companies to initiate Regulatory Compliant Public Initial Blockchain Offerings (PIBCO’s), which could change this perception.

“The PIBCO model advances the ability of Blockchain and Cryptocurrency based businesses to raise funding in a global environment and meet jurisdictional regulatory compliance” says David Lucatch, Founder and Chair of Pegasus Fintech, Inc.

Listed corporates will soon be able to release Class A shares for conventional currency and Class B shares for cryptocurrency tokens. The tokens are redeemable for Class B shares, which in turn will be redeemable for Class A shares.

Tokens will provide liquidity on cryptocurrency markets and will be treated as securities, another indication that cryptocurrencies are no longer on the fringes of finance.

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) – Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He’s written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein’s professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he’s travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, “The Hitchhiker’s Guide to the Seas’ travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he’s raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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  • John Emery

    Any thoughts on Cybermiles??