Blockstack Reports $23 Million Raised in First Reg A+ Token Offering

Blockstack Reports $23 Million Raised in First Reg A+ Token Offering

Blockstack, the first token issuer to have a Form 1-A approved by the Securities and Exchange Commission (SEC) has raised $23 million in their offering. The final tally was revealed by Blockstack in a blog post. Blockstack used the Reg A+ exemption to issue tokens they preferred not to label as securities although by using the exemption it was hard to argue otherwise.