WEST HOLLYWOOD, Calif.--(BUSINESS WIRE)--StartEngine Crowdfunding Inc. (https://www.startengine.com/) announced today that it has launched Overstock.com (NASDAQ: OSTK) subsidiary tØ.com, Inc. (tZERO) as the first regulated ICO on its platform in compliance with Rule 506(c) under the Securities Act, in a sale limited to accredited investors. On March 1, 2018, tZERO launched its sale of tZERO Equity Tokens on StartEngine’s platform. tZERO’s offering is for $250M USD, with an option to upsize to $300M USD, and is available until May 14, 2018.
StartEngine is an ICO platform that is built to support regulated ICOs with a myriad of features critical to meet regulations in the United States and internationally. The platform facilitates raises under existing exemptions from registration under the Securities Act, including Rule 506(c), Regulation A+ and Regulation Crowdfunding. To date, StartEngine has helped over 150 companies raise capital from nearly 140,000 users.
“We believe that ICOs are a revolutionary way for companies to raise capital through the sale of securities. However, most ICOs did not comply with an exemption from registration with the SEC,” said Howard Marks, CEO of StartEngine Crowdfunding Inc. “Our goal is to bring ICOs out of the shadows and help companies raise capital using proper regulation in what we have coined ‘ICO 2.0.’”
This ICO announcement is a continuation of StartEngine’s expansion into cryptocurrencies. StartEngine accepts Bitcoin and Ether as payment methods, alongside credit cards, ACH bank transfer and wire transfer.
“We are excited to launch ICO 2.0s on our platform,” said Marks. “With the growth of ICOs and the crypto marketplace in 2017, we believe that our expertise in regulated offerings under the JOBS Act makes us uniquely suited to the challenge of navigating regulation around the globe. ”
StartEngine is the leading regulated ICO 2.0 platform in the U.S., connecting everyday investors with tomorrow’s progressive companies. Utilizing its expertise in regulated exempt offerings under the JOBS Act, StartEngine has raised capital for more than 150 companies and has nearly 140,000 users on its platform. Based in Los Angeles, the company was created in 2014 by Howard Marks, co-founder of Activision, and Ron Miller. StartEngine is committed to revolutionizing the ways companies raise capital and to helping entrepreneurs achieve their dreams. Learn more about ICO 2.0 at www.startengine.com.