Waves plans to raise $ 120 million
Waves Blockchain Platform announced plans to hold a second round of financing, under which it intends to raise $ 120 million for its Vostok project.
It is reported that the second round of funding should end on May 31 this year. The company is going to sell 100 million VST tokens for $ 1.20 per share. A total of 1 billion tokens will be released, so it is planned to sell 10% of tokens in the framework of the financing round. The round will be held with the help of the London investment group Dolfin.
- “The goal of the Vostok project today is to attract large institutional investors, including mutual investment and venture funds. We are very pleased to continue working with this project, and we see a growing interest in it from companies and investors,” said Dolfin head Denis Nagy.
The founder and head of the Waves platform, Alexander Ivanov, said that the company plans to launch its integrator in each strategic market. Such integrators will assist partners in the implementation and use of solutions based on the blockchain platform Vostok. Already, the project is being tested by several major organizations, including the Russian Sberbank. There are also negotiations on the use of Vostok in Europe, China, and Southeast Asia.
- “Vostok's blockchain platform will combine the technological developments and innovations that we tested during the creation of the Waves platform with other technologies, such as artificial intelligence, big data and the Internet of things,” said the founder of the Waves platform.