New and innovative Blockchain project The Elephant has announced that it has engaged with Compass Blockchain Solutions Ltd. to act as its advisory firm for its STO.
Compass Blockchain Solutions Ltd. is a leading international consulting firm specialized in launching next generation blockchain technology companies. Compass provides end-to-end services specifically focused on hacking growth opportunities for established companies looking to enter the blockchain industry, as well as startups and operational companies that are already active in the blockchain space.
Most recently, Compass led the Fusion ICO, providing legal, financial, and marketing guidance throughout the process, culminating in a successful outcome, well attuned to company and investor needs.
The Elephant STO eying continued market activity
The Elephant, a secondary market platform, which already has shares of unicorn companies such as Palantir Technologies, IronSource, Outbrain, BlaBlaCar, and Gett, listed for sale by its shareholders, recently added Eastmore Group, the first institutional investment partner, that participated in its security token offering.
Tal Cohen, CEO of Compass said, "The Elephant STO is one of the most promising private sales in the market these days. It leverages the security token hype which is likely to take off during H1 2019 with the launch of a few exchanges and platforms. The fact that the platform is already operational with $70M+ worth of shares of top tier companies already listed for sale and over 2,000 investors already registered, ensures that there is a real business opportunity behind this offering."
Due to a high IRR and the lengthening of the transition from venture-backed company to IPO in 2016 to 10-12 years from a previous 3-5 years in 2000, there has been rapid growth of the private secondary market in recent years. In fact, the secondaries market has grown from $7B in 2004 to $58B in 2017, an increase of over 800%.
The Elephant’s secondary trading market is beneficial to all parties. It provides low entrance thresholds for investors to give them access to otherwise inaccessible shares of target companies. Private company shareholders can access independent Liquidity prior to a company’s exit or IPO.
The Elephant’s place in this market is to connect the trading and liquidity options presented by blockchain technology and digital currencies, with its secondary market platform. The goal of the platform is to provide a bridge to cryptocurrency investment opportunities for investors who are otherwise either unable or averse to these openings. The partnership with Compass will help to advance STO creation and move toward the ultimate goal of tokenization.
The Elephant connects growing secondary market participants with emerging blockchain technology. Bringing a stable, “real asset” investment opportunity for crypto investors looking for conservative investment opportunities and for traditional investors looking to enter into this space, in a more conservative manner. The Elephant has shares of over 20 unicorn and high-profile pre-IPO companies listed for sale within their platform. Additionally, over 2,000 investors are registered.
The Elephant’s Private Sale for its PEC token is currently live. Chaim Schiff, CEO of The Elephant stated, “We are proud to engage with one of the leading international consulting firms specialized in launching the next generation blockchain technology companies who've just recently lead the very successful Fusion ICO. Compass will help us to secure the STO by the end of the year, while the security token dream becomes a reality."
Disclaimer: This is a contributed article and should not be taken as investment advice
