Blockchain

Blockstack Raises $23 Million USD in First Regulated Token Offering

Blockstack Raises $23 Million USD in First Regulated Token OfferingBlockstack Raises $23 Million USD in First Regulated Token Offering

Blockstack has raised $23 million USD in the first-ever token offering approved by the US Securities and Exchange Commission.

Blocskstack PBC, which is a decentralized computing network aiming to antiquate data breaches and trust violations, first announced the token sale in July, having received SEC approval to raise up to $28 million USD in a Reg A+ compliant offering. The breakdown of the token offering consisted of $15.5 million USD raised through the sale of  74.3 million Stacks tokens through its Reg A+ sale in the US, and an additional $7.6 million USD through the sale of 30.6 million tokens through its Reg S offering in Asia.

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