Hong Kong regulated financial institution for blockchain assets, Gatecoin, will begin offering the buying and selling of Slock.it and DigixDAO tokens on its exchange platform tomorrow, April 28, 2016. This will allow its members to purchase the assets using a variety of fiat and Cryptocurrencies including Bitcoin, Ethereum, Augur (REP), U.S dollars, Hong Kong dollars and euros, with Chinese yuan support promised to follow soon.
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Tokens are a decentralized way to keep track of rewards in a Crowdsale (raising funding by crowdfunding). They are not a security or investment offering. The first to be listed on Gatecoin as tokens was Augur, a decentralized prediction market. Augur’s token (REP) currently trades as IOUs on the exchange prior to the project’s full release.
Gatecoin prides itself on investing in the research of promising Ethereum-based projects, and the listing of Slock.it and DigixDAO tokens follows its pledge to support more assets derived from decentralized blockchains (Blockchain assets).
Aurélien Menant, founder and CEO, Gatecoin
“We see great potential for an increasing number of ‘blockchain assets’ such as DAO tokens for dapps being built on top of Ethereum, such as Slock.it and DigixDAO, which have tangible, real-world, disruptive potential. We are very proud to collaborate with both organizations as an additional gateway for token trading and hope this brings greater visibility and wider participation in their DAO,” said Aurelien Menant, CEO and co-founder, Gatecoin.
“In the long run we want to be the reference exchange for dapps, enabling more innovative projects to raise capital, and provide mainstream investors with an alternative asset class offering promising returns and additional utility,” he added.
The company has also recently acquired a new banking partnership with Standard Chartered Bank, enabling it to expand its global footprint beyond Hong Kong and Europe, beginning with several markets in Asia. Next to launch will be Mainland China, where Gatecoin revealed it already has on-the-ground operations, which will facilitate the addition of the yuan to the exchange platform’s available fiat currencies.
