The Abele Group, an international financial technology company launching one of the world’s first digital custodian for the token economy, announced today that it has submitted a confidential filing on Form 1-A with the U.S. Securities and Exchange Commission (the “SEC”) pursuant to Regulation A+ for its proposed initial coin offering (“ICO”). Abele Group seeks to become the first company to be qualified by the SEC to conduct an ICO under Regulation A+.
“The Abele Group is launching one of the world’s first digital custodian, and is committed to doing so in accordance with applicable rules and regulations,” said Phil Woods, CEO of Abele Group. “We’re one of the first groups to submit a filing with the SEC for an ICO under Regulation A+, and following the SEC’s review process, we believe that Abele Group may be the first ICO approved by the SEC.”
The Abele Group’s ICO will fund the launch of the world’s first fully digital custodian and marketplace, powered by blockchain and AI, which will increase security and transparency in the financial industry. Services will include token-agnostic custody, P2P lending, margin trading, factoring, and trust services, which are currently fragmented in the emerging token economy.