LAToken Raises $8,5 Million Within the First Day of Public Token Sale

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LAToken a tokenized assets platform, has successfully raised $8,5 million during the first day of its public token sale, which means the 1st Round of our ICO is 85% completed.

LAToken is a Blockchain platform that tokenizes and makes tradeable assets ranging from equity and debt to real estate and works of art. We already launched the test trades of Apple, Amazon and Facebook shares, as well as gold and oil on our platform, allowing crypto investors to diversify their portfolios with blue chips, safe heaven assets and commodities, using cryptocurrencies.

The LAToken public token sale started on August 22 at 11 PM GMT. It will be completed in 4 rounds with the proceeds used for tokenization and trading development of the key asset classes: Equity (Round 1), Real estate (Round 2), Debt and commodities (Round 3), Illiquid assets, for example works of art (Round 4). We increased Round 1 to 30 000 000 LATs due to the high demand during the pre-sale stage. The price of LAT for the first round was 0,001 ETH, and it will increase in the following rounds.

“LAToken believes crypto will dominate the global economy. To bring that day closer, we build a NASDAQ on Blockchain with a wider range of tradable assets, blurring the boundaries between crypto- and real economies, and offering our clients a dramatic reduction of listing costs, settlement time, and transaction costs. We are happy that so many people share our vision and believe in LAToken,”  said Valentin Preobrazhenskiy, CEO of LAToken.

“Valentin has the best combination of entrepreneurship and capital markets experience for launching the first tokenized asset exchange,”  added David Drake, Chairman of LDJ Capital and LAToken’s Advisor.

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About Richard Kastelein

Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News put him in the top 10 Token Architects in Europe.

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 of Software and Technology. In 2018 he was invited to and attended University of Oxford's Saïd Business School for Business Automation 4.0 programme. 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+ citiies. He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe.  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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