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

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.

Richard Kastelein
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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