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Monday, October 18, 2021
Home News Blockchain Capital Releases Offering Memorandum for Its $10 Million Digital Token Offering

Blockchain Capital Releases Offering Memorandum for Its $10 Million Digital Token Offering

Blockchain Capital, the premier venture capital firm investing in blockchain technology companies, today announces that it intends, subject to market and other conditions, to offer up to USD $10 million in digital tokens (the “BCAP Tokens”). The BCAP Tokens are an Ethereum-based smart contract digital token representing an indirect fractional non-voting economic interest in Blockchain Capital III, Digital Liquid Venture Fund, LP (“BC III DLVF”). The BCAP Tokens are expected to be issued by Blockchain Capital TokenHub Pte. Ltd., an indirect wholly-owned subsidiary of Argon Group Holdings (“BC TokenHub”).  Full details on the tokens and the offering are disclosed in the Offering Memorandum published on www.vctoken.com.

BC TokenHub intends that the net proceeds of the offering will be transferred to BC III DLVF, which will, in exchange, grant BC III DLVF’s sole limited partnership interest to BC TokenHub. BC III DLVF intends to use such proceeds to invest in blockchain technology and crypto currency businesses and ICOs.

The BCAP tokens are being offered on a limited basis to a maximum of 99 accredited US investors under exemptions from registration with the U.S. Securities and Exchange Commission pursuant to Regulation D, Section 506(c) and Regulation S of the Securities and Exchange Act of 1933, as amended (the “Securities Act”), and the rule promulgated thereunder. Only accredited investors within the US and non-US persons outside of the US will be eligible to purchase BCAP tokens. This press release does not constitute an offer to sell or the solicitation of an offer to purchase the BCAP tokens, nor shall there be any offer, solicitation or sale of the BCAP tokens in any jurisdiction in which such offer, solicitation or sale would be unlawful. The BCAP Tokens have not and will not be registered under the Securities Act or other applicable state securities laws, and may not be offered or sold in the US absent registration or pursuant to an exemption from registration requirements of the Securities Act and under applicable state laws.

Richard Kasteleinhttps://www.the-blockchain.com
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, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
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