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LAToken, the first tokenized assets platform, launches Round 2 of its public token sale on Tuesday, September 5 at 11am GMT. The sale will be limited up to 50 million LAT sold at 0.0011 ETH (1 ETH = 909 LAT) with hard cap set at $10 million. The proceeds will be used for tokenization and trading developments of Real Estate assets.
We already launched the Real Estate LAT backed by ETF. Crypto investors can also trade Apple, Amazon and Facebook shares, as well as gold and oil on our platform and diversify their portfolios with blue chips, safe haven assets and commodities, using cryptocurrencies. Thus, we are giving them a great opportunity to diversify their crypto portfolios with asset-backed tokens to hedge against volatility of the crypto markets coming from regulators.
The sale is completed in 4 Rounds with the proceeds used for tokenization and trading development of the key asset classes. Round 1 was designed to develop tokenization of equity, and we closed it way ahead of schedule at $330 million valuation*. We sold 30 million LAT, raising $9,54 million in just 3 days. The price LAT will increase in each round. The price for Round 3 will be 0,0013 ETH.
LAToken is a blockchain platform that enables cryptocurrencies to be widely used in the real economy by making real assets tradable in crypto.
«LAToken bridges the crypto- and real economies by enabling our clients to trade real assets in cryptocurrencies. This will make markets more efficient, transparent and cost effective. We are happy that so many people share our vision and believe in LAToken», — says Valentin Preobrazhenskiy, CEO of LAToken.
LAToken attracted top-notch experts from global financial institutions, IT and security companies to its Advisory Board, that includes Cecilia Mueller Chen (UBS, Deutsche Boerse), Bradley Rotter (Rivetz), Anish Mohammed (Hyperloop), Hague van Dillen (Franklin Templeton). Just a few days ago CEO and founder of Corinthian Partners Mitchell Manoff joined our team to advise on legal and regulatory compliance Financial Services.
“Businesses succeed, if they provide a solution to a problem which affects a large market. Finding liquidity for illiquid assets is a trillion dollar market. LAToken has found a solution to this global problem. Happy to be part of a great team, a game changer,” — says Mitchell Manoff, the new advisor of LAToken with an impressive 42 years of experience in finance.
About us
LAToken transforms access to capital and enables cryptocurrencies to be widely used in the real economy by making real assets tradable in crypto.
We decentralize capital markets, making them more transparent, efficient and sustainable while removing the cost of traditional middle men and “too big to fail” institutions.
This results in smarter capital flow, empowering people across the world to bring their most productive ideas to life for the ultimate benefit of society.
Contact details
Tel: +44 7509 764697
Email: ico@latoken.com
* with frozen tokens taken into account
The value of investments can go down as well as up
Investors may not get back the amount they invested
Past performance is not a guide to future performance
Please consult an independent registered investment advisor before making any investment
The news site hosting this press release is not associated with LAToken or LAT Exchange. It is merely publishing a press release announcement submitted by a company, without any stated or implied endorsement of the product or service.
