Another company is jumping into facilitating ICOs.
Blackmoon Financial Group, which current operates a marketplace lending platform, today launched a service for making Initial Coin Offerings, or ICOs.
The new ICO platform, called the Blackmoon Crypto Platform, allows investors to trade and invest in “tokenized vehicles” by using the platform’s issued tokens on the Ethereum blockchain, CEO Oleg Seydak told Bank Innovation.
“It’s a one-stop solution for asset managers to create and manage legally compliant tokenized funds,” Seydak said. “We handle everything: infrastructure, technology, legal framework and corporate structuring, so that any experienced and approved investment manager will be able to create a fund based on the Blackmoon Crypto Platform.”
Blackmoon’s announcement comes exactly a week after the Securities and Exchange Commission said it will be keeping an eye on ICOs. In fact, the SEC’s report provided an impetus to Blackmoon.
“The U.S. has the most comprehensive market in terms of regulations,” Seydak said. “We will provide investment managers with the necessarily tools and guidance they need to stay in full compliance with regulatory bodies like the SEC.”
Founded in 2014, Blackmoon Financial Group is based in Moscow.
The platform will be fully operational by yearend, Seydak said.
“For now, we’ve introduce the platform and the concept behind it,” he said.
Blackmoon first launched in the U.S. in June 2015, with its office based in New York. The firm offers marketplace lending-as-a-service, which lets lenders sell their loans to investors. It operates in nine countries with offices in Moscow, New York, and Limassol. Cyprus.