Celsius Network Launches $15 Million Equity via BnkToTheFuture
Celsius Network, pioneering decentralized finance (DeFi) application, has launched an equity offering through BnkToTheFuture. The partnership, which has already raised $10.5 million, will enable investors to participate in equity fundraising round with as little as $1,000.
The Cayman Island-based BnkToTheFuture, an online investment firm specializing in Fintech and Crypto firms announced via a press release on June 11, 2020, the addition of the Celsius Network equity offering will bring in its US and non-US investors. Celsius joins a growing list of crypto firms that have already raised through BnkToTheFuture.
With its network of more than 85,000 qualified investors, BnkToTheFuture has made possible compliant equity funding rounds for several established crypto firms. As per the announcement, the leading firms include Kraken, BitFinex, BitStamp and portfolio companies Coinbase, Blockchain.com, Circle, among others. BnkToTheFuture CEO Simon Dixon stated:
“We could not wait to work with Celsius. The cryptocurrency created a new financial system for us all, BnkToTheFuture was the first Securities business in the world to support Cryptocurrency companies, and Celsius is now redefining the Cryptocurrency lending and borrowing market. It’sIt’s a match made in heaven. We look forward to becoming a strategic investor in Celsius to build the next generation of financial products together funded by the community for the community.”
Celsius Network has experienced exponential growth since its debut in July 2018. Its successful financial services App has already activated over 100,000 wallet accounts and has at least $6.2 billion in coin loans. The firm manages over $630 million in assets. The crypto lending firm conducted a successful token sale in 2018, during which over 1500 investors participated. The firm seeks to add hundreds of new members during this latest round as equity investors. The new members and existing investors will now be able to hold CEL token and equity in Celsius.
The mission of Celsius Network is to use blockchain technology to disrupt the banking standards of the financial industry. By choosing BnkToTheFuture, the company could as well disrupt the field of equity investing. Celsius Network CEO Alex Mashinsky states:
“The crypto community is at the core of what we do,[…] every decision we make as a company, big and small, must go through a very simple checklist: does it benefit the community. After allowing thousands to participate in our ICO, we are proud to partner with BnkToTheFuture to enable our community to be the first to be the first to participate in our equity fundraising.”