First SEC-Approved Token Offering To Launch Thursday

Law360 (July 10, 2019, 11:09 PM EDT) -- Blockstack will launch a $28 million public token offering on Thursday morning, in what appears to be the first offering of digital tokens regulated by the U.S. Securities and Exchange Commission.

New York-based Blockstack, which has developed and sponsors a decentralized computing network enabling creators to build decentralized applications, said Wednesday that it was granted qualification under the SEC’s Regulation A+ registration exemption.

According to documents filed with the SEC, Blockstack is represented by Wilson Sonsini Goodrich & Rosati PC.

“This is the first time in U.S. history that a crypto token offering has received SEC qualification,” Blockstack said in a...

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