ICOs Meet IPOs: Blockchain Author Alex Tapscott to Take Token Startup Public | CoinDesk
If blockchain author Alex Tapscott gets his way, his newly launched investment firm will be the first publicly traded company to focus on initial coin offerings (ICOs).
Fresh off the news that Tapscott’s NextBlock Global has raised $20 million to invest in projects selling cryptographic tokens, he has revealed exclusively to CoinDesk that he plans to list the company on the Toronto Stock Exchange (TSX).
Whereas ICOs have been popularized as an alternative to traditional funding, Tapscott’s rationale in appealing to accredited investors is that he believes they could unlock even more capital for the sector. To bridge that gap, Tapscott said he’s already held “numerous” meetings with Canadian regulators, and that he will likely file paperwork for an initial public offering (IPO) in the coming weeks.
In conversation with CoinDesk, Tapscott went on to describe the importance of what may be the first ICO investment firm to IPO.
He explained:
“Anybody with a discount brokerage account, whether it’s small retail investors, all the way up to a mutual fund or a pension fund, will have what we view as a safe, regulated and relatively straightforward way of owning a diverse collection of the best opportunities in this asset class.”
Source: ICOs Meet IPOs: Blockchain Author Alex Tapscott to Take Token Startup Public – CoinDesk
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