The Blackmoon Crypto platform, which touts itself as “a one-stop solution for asset managers to create and manage legally-compliant tokenized funds,” has raised more than $20 million in just one day through an ICO that launched on September 12.
The startup also raised $10 million through a pre-order campaign which started on August 5.
This brings the whole amount raised to some $30 million, secured in Bitcoin (1,147), Ethereum (73,093), and Litcoin (32,914).
Overall, 9,500 paid accounts contributed to the campaign, the company has indicated.
The holders of the Blackmoon Crypto tokens (BMC tokens) will be able to register as “continuous contributors” to the platform and receive a share of all the funds that will operate on the platform. “Continuous contributors” will also have the right to participate in members-only discussions regarding the platform’s strategy and development plan.
Blackmoon expects the total value of assets under management to exceed $1.8 billion by 2022. It is planning to start the token distribution of the first fund, a high-yield fixed income fund in alternative lending, in January 2018.
The company is headed by Oleg Seydak, a prominent figure in the Russian venture scene, and Ilya Perekopsky, former VP and COO of VKontakte, the leading Russian social network now owned by Mail.Ru Group.How to tokenize investment funds
Operating on Ethereum-based smart contracts, the platform helps investment advisors structure, promote, and maintain tokenized investment funds for their clients.
From technology and infrastructure to legal framework and corporate structuring, Blackmoon Crypto takes care of everything, allowing “any experienced and approved investment manager to create a fund.”
Blackmoon Crypto, the holding company, is responsible for IT, compliance, licensing, and banks partnerships. It also issues the main tokens.
“Setting up the proper investment structu...