TradeCloud have announced the launch of the private round of their Swiss based Security Token Offering; having cleared all regulatory and legal hurdles.
An initial 25 million tokens will be offered for approximately $20 million over the private and public rounds. The private round commences straight away and be immediately followed by the public round.
“The TradeCloud platform provides unparalleled market access for our customers. It facilitates efficient price discovery and optimal allocation of today’s scarce resources. By combining the current functionality with blockchain technology via The TradeCloud Commodities Web, we are well on the way to digitalising the full trade cycle “, said Simon Collins, CEO of TradeCloud.
The platform which was launched at the end of 2017, already boasts nearly 500 users across more than 35 countries.
About the TradeCloud STO
The TradeCloud Token (TCST) has both utility and security features.
“The token’s utility feature, allows the token holder to exchange their tokens for internal credits on the TradeCloud platform at a discounted rate. Whilst holding the token, the token holder will receive a profit share from the company,” explained Matthew Botell, COO of the company.
Interested parties are recommended to visit the company’s dedicated website https://sto.tradecloud.sg for further details. The process of investing can be commenced by becoming “whitelisted” on Inacta’s Tokengate platform, which can be accessed via the STO website. Regular updates on the company development and the STO process can be obtained by following the company on:
TradeCloud is a communications platform designed specifically for the physical commodities industry. It provides a secure and compliant environment, open to all market participants. This helps TradeCloud members find the commodities they need at competitive prices.
TradeCloud has plans to provide a network of post trade services such as logistics, finance, and documents, all connected on the TradeCloud Commodities Web, centred around blockchain technology.
For more information, please visit www.tradecloud.sg
Singapore, 4th June 2019