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Blockstack’s Regulated Token Offerings Raise $23 Million

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Blockstack has raised more than $20 million in a token sale approved by the U.S. Securities and Exchange Commission, the company announced Tuesday.

In a blog post, Blockstack co-founder Muneeb Ali wrote that the company’s Reg A+ compliant token offering concluded on Sept. 9, and combined with a strategic investment round led by Hashkey Group and SNZ, raised a total of $23 million.

“More than 4,500 individuals and entities participated in the 2019 token offerings,” Ali wrote. “Blockstack PBC has entered into agreements for more than $23M in these offerings (including both our SEC-qualified token offering and our offering to ...

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