Faraday Future, the electric car startup aiming to challenge Tesla, may secure a$900 million funding packagefrom EVAIO Blockchain, releasing the company from exacerbating cash pressure.
The funding will be invested over three years via indirect STO (security token offering), according to Patrick De Potter, CEO of EVAIO Blockchain. “FF and EVIAO will now start up the discussion for details of the plan,” he noted.
EVAIO said they were aiming to build a blockchain for electric vehicles and successfully completed EVA token private sale earlier this year. Most of the team members of EVAIO are ex-Tesla managers combined with specialists in crypto and blockchain.
Token IQ, a security token platform operator that helps entities tokenize their assets while maintaining compliance, announced on Thursday that it was collaborating with DealBox to help several token issuers raise a total of $440 […]
According to recent data analysis by Inwara, Security Token Offerings (STOs) experienced a notable surge in the first quarter of 2019. With an increase of 130%, STOs are beginning to actualize their potential through real-world […]
The Parliament of Thailand has approved an amendment to the existing Securities and Exchange Act, expected to go into effect later this year. Once this happens, it will be legal for businesses to launch security […]