Blockstack Holding First Regulated Token Offering

Blockstack Holding First Regulated Token Offering

Blockchain startup, Blockstack, has been cleared by the Securities and Exchange Commission to sell bitcoin-like digital tokens, The Wall Street Journal is reporting. The first-of-it-kind offering could give cryptocurrency businesses a new fundraising template, according to the newspaper. The $28 million offering was approved by the SEC under Regulation A+ — an alternative to an initial public offering.