On June 10, Palladium, the blockchain company from Malta, launched the first in the history initial offering of convertible tokens ICCO, the finversia.ru project wrote with reference to local media. The main difference between the Palladium campaign and the conventional ICO is that the project involves the sale of tokenized convertible certificates. Investors will be able to exchange coins for shares of the company three years after their release. The company plans to attract 150 million euros, half of which will go to acquire a controlling stake in a European bank. 35% of the funds will be used to develop a new cryptocurrency exchange, it will be controlled by the Malta Financial Services Authority. The remaining 15% is planned to be used for various strategic investments in financial services and blockchain projects.
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