Globacap raises £1 million and issues the world’s first tokenized equity

KEY TAKEAWAYS:

• Raised capital of £1 million to date
• Multiple NDAs signed, they remain confidential at this stage
• Globacap’s first client transaction closes in the early December
• The company is also launching their administration portal (the second half of our platform) in November
• Globacap have filed a patent for their blockchain securities structure
• Globacap has spoke at multiple events and conferences:
• The company spoke at the Blockchain Expo London, Blockchain Summit Frankfurt, Blockchain Summit London and Wholesale Investor’s Emergence London
• Globacap had an Investment Pitch at the Tech Invest Europe and at the Mayor of London’s TechInvest

Globacap are a financial technology startup using blockchain to raise capital. They have issued the world’s first tokenized equity, under oversight from the UK’s Financial Conduct Authority (FCA).

The technology creates a digital token that itself forms the legal shareholding in the company. The token’s in-built processes facilitate further transactions by automatically fulfilling the administrative and legal requirements of an equity ownership transfer under UK company law.

Such transactions are recorded on the token’s underlying blockchain. This is different to other types of equity tokens that merely provide a digital receipt of equity ownership.

Globacap is at the forefront of providing a more open capital market, leveraging blockchain technology to encourage investors of all sizes to participate in private investments previously only accessible to institutional investors.

About Globacap

The Globacap platform tokenizes illiquid assets, such as private equity, property and loans. Using blockchain technology, we help institutions with end-to-end capital raising, custody and administration services.

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