Props Announces First SEC-Approved Consumer-Facing Blockchain Token

11 Jul 2019

Props Announces First SEC-Approved Consumer-Facing Blockchain Token

Delaware-based blockchain organization Props PBC has released a token approved by the U.S. Securities and Exchange Commission under Regulation A+, according to a press release on June 11.

According to the company, this is “the first consumer facing crypto token qualified by the SEC” via Reg A+. As previously reported, Reg A+ is an alternative to conducting an IPO that is intended to accommodate startup businesses seeking initial funding.

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