Ethereum Capital launches $50 mln private offering, RTO
Ethereum Capital, a newly-formed Canadian technology company that aims to become the central business and investment hub for the Ethereum ecosystem, has launched a private offering to raise $50 million. The proceeds will be used to implement Ethereum's strategy of acquiring Ether, the crypto-asset native to the Ethereum platform, as well as Ethereum-based businesses. As part of the deal, the company agreed to combine with an affiliate of Movit Media Corp (TSX.V: MV.H) to create the listed Ethereum Capital Corp. Ethereum is being supported by blockchain investors, including OMERS Platform Investments' John Ruffolo and Version One Ventures' Boris Wertz.
29 January 2018•6 mins read
