US SEC approves Blockstack to issue first compliance token issue

US SEC approves Blockstack to issue first compliance token issue

(Photo from Blockstack's official website)
As of now, there are more than 160 applications on the Blockstack decentralized computing network.

“Mr. Ali said that the reason why it took so long and money was because the company and the SEC had to start an agreement for the digital token distribution under RegA+ from scratch.”

US SEC approves Blockstack to issue first compliance token issue

It is reported that the Reg A+ structure allows the company to raise up to 50 million US dollars from retail investors, and its financing target is no longer limited to qualified investors (that means anyone can participate). So far, the use of Reg A+ has been limited, even considering the reduction in documentation required by the SEC.

According to the official explanation given by Blockstack, participating in the STX token issuance, participants need to register at StackStoken.com (actually participate in the investment through the coinlist). The time for the issuance of the token was set at 11:00 on July 11th, Eastern Daylight Time. (Babbit)