RegTech Analyst: Raises $2.5m via tokenised shares

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RegTech Analyst: Raises $2.5m via tokenised shares

  • RegTech firm Heliocor has raised $2.5 million using a novel funding technique used for the first time in the UK
  • The process includes investors participating in 20 per cent of Heliocor’s future profits after tax
  • investments being represented as a digital token, using blockchain technology, rather than just a paper certificate
  • The funds raised will drive the enhancement of core products built in the company’s Barcelona Technology Development Centre
  • The company also plans to establish new sales offices in Singapore, Hong Kong and India during 2019