ABE Global Securities Blockchain Exchange Grabs $3 Million In Funding From Galaxy Digital And Company
Atlanta-Based Hybrid Blockchain Exchange, ABE Global Raises $3 Million In Investor Funding
After a round of investor funding who included Galaxy Digital, Gumi Ventures and Distributed Global, ABE Global has reportedly raised a staggering $3 million. The three, part the next-generation security token exchange’s strategic investors, are helping ABE Global actualize its quest to connect its clients across the world with tokenized securities.
The Atlanta-based crypto exchange has lots of investors, most of them drawn from Europe, Asia and America and its entry to the flourishing digital securities sector is a step in the right direction. According to the CEO of this new hybrid blockchain exchange, John Pigott, the funds will be used on a host of initiatives, including integrating trading with round-the-clock trading. He said that they are eager to connect the global investor population with opportunities that they couldn’t have experienced.
It Had promised to introduce Small-Cap IPOs
Earlier, this budding security token trading platform had announced that it was going to launch and subsequently list tokens before the end of the year. The 100+ tokens, according to the earlier announcement, were to enable startups and SMEs in the US go public without enduring the normally heavy compliance rigors. Basically, this exchange wants investors to freely access tokenized securities as well.
One of the most exciting things with this latest development is how ABE Global is doing it. For a company that was established in 2016, but kept its businesses low until recently when it raised the $3 million, doing this differently seems to be its mantra. It has merged the revolutionary Digital Ledger Technology (DLT) with conventional financial systems.
Founded By Industry Veterans
ABE Global is a brainchild of three veterans: John Pigott of BondPoint, Joel Blom of Thinkorswim Inc and Roderick Psaila of the Agribank Plc. And it will leverage the power of tokenization to run the exchange and effectively achieve its objectives.
It will essentially offer 24-hour settling of crypto transactions and clearance, but everything executed in a highly secure manner. In fact, to echo the words of Joel Blom, ABE Global will make use of the technology to guarantee affordable trading and coin issuance of Blockchain-based securities.