Litecoin is also one of the most popular cryptocurrencies on earth. Investors that either own BCAP Tokens or would like to register and purchase BCAP Tokens can manage their owner wallets here.

• Brock serves on the founding board of multiple blockchain start-ups including the omni foundation, GoCoin, and Tether among others.
• In 2016 ICONOMI raised more than $10 million in their token sale to launch a platform for managing funds on a blockchain.
• BCAP, which stands for Blockchain Capital, was one of the first security tokens to ever be established.
• Blockchain Capital has raised and deployed four venture funds, including what it believes to be the first ever token offering of a venture fund (the BCAP tokens) in April of 2017.
• Some of the portfolio’s existing companies include Blockstack, Coinlist, and even Coinbase.

Blockchain Capital, founded in 2013, is one of the oldest and most active venture investors in the blockchain industry and has financed 75+ companies and projects since its inception. Their mission is to help entrepreneurs build world-class companies and projects based on blockchain technology. They invest in both equity and tokens and are a multi-stage investor. Blockchain Capital also pioneered the world’s first ever tokenized investment fund and the blockchain industry’s very first security token, the BCAP, in April of 2017. Founded in 2013, Blockchain Capital is one of the earliest and most active investors in the blockchain technology industry and the crypto ecosystem.

The purpose of BCAP

The Q2 decrease was driven by crossmarket selloff across the fund’s liquid portfolio, somewhat offset by the large increase in the value of OpenSea. Also to note is the recent underperformance of Coinbase the largest holding of the fund, the value was $328.28 per share in its Nasdaq debut on April 14th, 2021, but the share price is currently $233.72 as of this writing. “BCAP Tokens have no distribution or dividend rights other than on a redemption as further set out below. Any return of capital to BCAP Tokenholders will occur through open market purchases of BCAP Tokens as described under the captions “Realization Buybacks”, “Liquidity Buybacks”, “Fixed Price Offer” above”. Blockchain Capital has got an engagement letter with Argon Advisors and the funds from BC III DLVF may be invested in an affiliate of Argon Advisors.

BCAP Tokens were sold with a face value equal to $1 and capped at a maximum of 10 million tokens. The offering began on 10th April, with the firm utilizing the TokenHub platform developed by Argon Group, which also acted as the offering’s underwriter. Blockchain Capital is unique in offering tokens they clearly stated are securities and they launched them within existing regulatory requirements. Briefly, the SEC does permit the sale to US residents of a security that is exempt from registration requirement if it satisfies two conditions. There are two companies in this equity portfolio that are worth noting.

Bluzelle ICO – Presale, ICO and token

After you create your account, you can then start investing in the company’s portfolio. They have partnerships with a variety of companies, including Microsoft, ConsenSys, and Cloudera. Their partnerships help these companies develop their blockchain technology and expand their businesses. When reviewing crypto assets in the portfolio, the token RocketPool (RPL) could be the next unicorn, this token has more than doubled in value in January, 2022, and has recently emerged as a top 100 market cap token. The first security token offering was launched by Blockchain Capital (BCAP) on April 10, 2017. Since then, STOs have continued to gain traction throughout 2018 and 2019 to this day.

The critical difference between the two is that security tokens are newly issued securities that function on distributed ledger while tokenized securities are just token representations of already existing financial products. Basically, if you issued a new financial product with security features, it is a security token. If you take an existing asset and wrap it in a token, it is a tokenized security. Security token offerings are meant to be a regulatory compliant alternative to regular token sales. They aim to correct perceived inequalities on the investor side, such as granting security token holders rights to dividends or other predefined revenue streams. Exchanges that want to offer security token trading need to fully comply with regulations, including extensive investigations into token listings, data sharing, and investor onboarding procedures.

Other BCAP facts

Instead of an Initial Public Offering, in which a company sells stock via a regulated exchange like Nasdaq, Blockchain Capital raised its third fund partly by issuing its own digital tokens called BCAP. The BCAP tokens are subject to transfer restrictions to comply with applicable securities laws and regulations. This upgrade is expected to provide BCAP Token holders with liquidity on secondary trading platforms that are integrated with the DS Protocol.

• The BCAP token provided the investor base across the globe with the opportunity to invest into a leading venture fund.
• On a final note, cryptocurrency exchange Kraken is considering going public through a direct listing in late 2021 or 2022, after seeing record trading volumes and new clients amid a surge in the price of bitcoin.
• Pierce departed the firm in April 2017 — amicably, according to the company.
• Instead of an Initial Public Offering, in which a company sells stock via a regulated exchange like Nasdaq, Blockchain Capital raised its third fund partly by issuing its own digital tokens called BCAP.

One of them is that the sale is only open to accredited investors-US residents with a net worth greater than $1 million or with at least a $250,000 income-and that there is a 1-year lock-up on the tokens sold to US investors. International users will have a 40-day lock-up period before selling to US investors. Blockchain Capital cryptocurrencie coin is a digital asset that https://cryptolisting.org/coin/bcap uses blockchain technology to facilitate secure, transparent and efficient transactions. It is built on the Ethereum platform and uses the ERC20 token standard. BCAP, which stands for Blockchain Capital, was one of the first security tokens to ever be established. As of June 5th 2019, Coinbase Custody announced that it is now accepting withdrawals and deposits from BCAP.

Blockchain Capital Token

Blockchain Capital has now announced further details on upcoming initial token offering for its first Digital Liquid Venture Fund. The BCAP tokens will represent a fractional interest in the single Limited Partnership (LP) in Blockchain Capital’s third fund. In 2016 ICONOMI raised more than $10 million in their token sale to launch a platform for managing funds on a blockchain.

In explicitly declaring themselves securities, security tokens abide by the SEC’s existing requirements, and therefore capture the regulatory compliance which is absent in ICOs. The BCAP tokens are fully transferable and tradable on leading cryptocurrency exchanges. Meanwhile, A token buyback provision will also enable Blockchain Capital to purchase open-market tokens in the event that their market value falls below their net asset value. The funds will be split 50/50 between new ventures and a reserve account used for follow-up investments. The fund will invest in 10–20 companies or token-based projects, contributing $500,000 per deal.

Blockchain capital closed a $13 million investment fund for bitcoin and blockchain startups in 2016. In 2017, the firm announced that it would raise its next fund through an initial coin offering (ICO) of an ethereum-based token dubbed BCAP. The token represented shares in its Blockchain Capital III Digital Liquid Venture Fund. Blockchain Capital is the leading venture capital investment firm focused on blockchain technology companies.

However, if you live outside of the US, the accredited investor rule does not apply to you, and you can participate in most STOs. However, there might be more specific restrictions that apply, so be sure to check with your local jurisdiction before investing. Usually, they help companies with STOs in terms of regulatory assistance, processes, token issuance, and other related matters. A token that passes the Howey Test is treated a security token. After a period of ten years from the issue date some or all of the BCAP Tokens may get redeemed in ETH or other high liquidity cryptocurrency.