In our series on interesting deals in the STO space, today a particular gem because of the unusual asset class and the people involved. Asset class first: this is a security token [1,2,3] giving the investors economic interest in an online game called Infinite Fleet. This security token is not to be confounded with Infinite Fleet’s in game currency [4]. In terms of people involved there is obviously Samson Mow who is heading Pixelmatic, the developer of the game, and who also has quite a high profile as CSO of Blockstream, a crypto infrastructure company. The backers include Adam Back, Blockstream’s CSO, Max Keiser, of the Keiser Report, and Charlies Lee the founder of LiteCoin who famously sold his holdings just before the market crashed.

The main deal platform seems to be BnkToTheFuture [5] who has supported quite a lot of companies raising fund in the crypto space, including Kraken [6,7]. The issuance is a SAFT, but they are planning to use the Liquid Network [10] eventually. Also involved STOKR [9] hence the deal being registerd both in the US and in Luxemburg.

For those interested in the legal framework under which the offering takes place, STOKR seems to only have an agent payments license from the French ACPR.

  1. https://coinjournal.net/news/infinite-fleet-raises-3-1m-in-private-security-token-offering/
  2. https://www.coindesk.com/charlie-lee-adam-back-private-sto-round-blockchain-game-infinite-fleet
  3. https://cointelegraph.com/news/samson-mows-infinite-fleet-game-raises-31m-on-bnktothefuture
  4. https://www.infinitefleet.com/gamecurrency
  5. https://bnktothefuture.com
  6. https://app.bnktothefuture.com/companies
  7. https://www.coindesk.com/over-2000-investors-back-kraken-crypto-exchanges-13-million-crowdfunding
  8. https://www.coindesk.com/bnktothefuture-ceo-50-percent-of-funding-will-be-through-security-tokens-in-2020
  9. https://stokr.io
  10. https://stokr.io/legal
  11. https://liquid.net
  12. https://www.businessinsider.com/litecoin-founder-charlie-lee-on-decision-to-sell-entire-crypto-holding-2018-4

From https://stokr.io/legal [10]

STOKR S.A. acts as an agent of a payment institution in France and is registered with the Autorite de Control Prudentiel et de Resolution (ACPR) in Paris, France. STOKR S.A. is required to follow AML/CFT rules in Luxembourg and France and is in this matter also subject to the supervision of the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg.

From https://bnktothefuture.com [5] (my highlights)

Bnk To TheFuture is registered as an excluded securities business with the Cayman Islands Monetary Authority (CIMA No.1189274). This website is owned and operated by Bnk To The Future (company number 296093) Incorporated and registered in Cayman Islands under the Companies Law 2013.

Investing in private placements, Cryptocurrencies, security tokens and early stage businesses involves a high degree of risk, including, but not limited to, illiquidity, lack of dividends, loss of investment and dilution, and those investors who cannot afford to lose their entire investment should not invest. Purchases of Tokens and Cryptocurrencies are even higher risk including, but not limited to, complete loss of capital, regulatory & tax uncertainty, cyber-security attacks, Blockchain risks and no shareholder rights.

BnkToTheFuture.com is targeted exclusively at investors who are sufficiently sophisticated to understand these risks and make their own investment decisions. You will only be able to invest via BnkToTheFuture.com once you are registered as sufficiently sophisticated. Investments may lose value, there are no guarantees, securities and investments are not FDIC Insured and neither BnkToTheFuture, its affiliated companies, nor our affiliated broker-dealers BMI Capital International LLC nor Diacle Limited. offer investment, legal or tax advice.

Bnk To The Future does not guarantee the continued operability of this website and accepts no responsibility for its interruption or fault. Bnk To The Future may also make this website temporarily unavailable due to its maintenance or upgrade with or without notice, and accepts no liability for any interruption or loss of service. Other activities may involve engagements with Bnk To The Future Capital SPC (company number 298427) Incorporated and registered in Cayman Islands under the Companies Law 2013 and other affiliated companies depending on your country of residence including BMI Capital International LLC, Diacle Limited. and other regulated companies.

US residents agree to register with BMI Capital International LLC, a registered US broker-dealer with FINRA and member of SIPC, who operate sections of BnkToTheFuture.com where Regulation D offerings filed with the SEC are conducted. Activities with respect to US resident investors are conducted by BMI Capital International LLC. Registration does not imply a certain level of skill or training. Individuals and firms may only transact business in a jurisdiction after satisfying its licensing and qualification requirements or after being excluded or exempted.

Diacle Limited is an Appointed Representative (AR) of Met Facilities LLP who are authorised and regulated by the Financial Conduct Authority (FRN 587084). UK residents agree to register with Diacle Limited, registered in England and Wales with number 08597553. Diacle Limited is an Appointed Representative (AR) of Met Facilities LLP who are authorised and regulated by the Financial Conduct Authority (FRN 587084), and is permitted by the Financial Conduct Authority to arrange deals in investments.

The information available on this website is not intended to be a substitute for independent professional advice and should not be relied upon. Bnk To The Future highly recommends all Users to seek advice from qualified professionals. Bnk To The Future shall not be liable for any losses suffered as a result of relying on such information. Pitches for investment are not offers to the public and investments can only be made by members of BnkToTheFuture.com on the basis of information provided in the pitches by the companies concerned.

By using BnkToTheFuture.com, you are indicating you have read, understood, and agree to the Bnk To The Future Terms & Conditions, Risk Warnings, Disclaimers and Privacy Policy. BnkToTheFuture.com is a registered trademark owned by BF Global and it’s trading group.

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