Ah, the US Crypto News Morning Briefing-your daily dose of financial frolics and digital derring-do. 📰☕
Stiff upper lip, old chap, because the crypto world is having a spot of upheaval. For years, private markets have been as exclusive as a Drones Club dinner, favoring only those with the deepest pockets and the right connections. But lo and behold, a new partnership is about to let the hoi polloi in on the fun. 🕴️💰
Crypto News of the Day: Kraken and Legion Team Up to Make ICOs as Proper as a Top Hat
Yes, you heard that right, old bean. Legion, a crypto-native fundraising platform with more dash than a Bertie Wooster quip, has joined forces with Kraken to bring compliant token sales to the masses. No more being shut out by the swells-now anyone can have a go! 🎩🤝
“Together with Legion, we’re scaling a product that democratizes token sales and aligns communities with builders,” said Brett McLain, Head of Payments and Blockchain at Kraken, with all the gravitas of a Jeeves pronouncement.
This jolly news comes hot on the heels of Legion’s $5 million seed round, co-led by VanEck and Brevan Howard, with Coinbase Ventures chipping in. Not too shabby, what? 💼💸
What sets Legion apart, you ask? Well, they’ve embedded compliance directly into smart contracts, automating disclosures and ensuring everything’s as shipshape as a Gussie Fink-Nottle tie. Even Europe’s MiCA regulations get a nod. 📜⚖️
And here’s the kicker: Legion’s prioritizing allocation for builders, developers, and community leaders, not just the deep-pocketed whales. Contributions to open-source code, DeFi participation, or industry engagement? That’s your golden ticket, my good man. 🎟️💻
“We started Legion to see tokens go to true believers, not just the wealthy. The size of your wallet isn’t what matters. What matters is how you’ve contributed to the industry or project itself,” said Fabrizio Giabardo, Co-Founder of Legion, with the earnestness of a chap who’s just discovered the meaning of life. 🌟💡
On Kraken Launch, Legion’s token sales will gain global reach and liquidity. Joint offerings will roll out simultaneously on both platforms, with tokens tradable on Kraken shortly after the sale. It’s like a society ball, but for crypto! 🌍💃
Up to 20% of allocations will be reserved for Legion Score participants, while the rest will be available on a first-come, first-served basis. So, sharpen your elbows, old sport! 🏃♂️💨
VanEck Ventures, one of Legion’s earliest backers, sees this as a jolly good way to address the imbalances in private markets. Juan C. Lopez, General Partner at VanEck Ventures, put it rather well:
“Fighting the current market structure in private markets is probably one of the most challenging efforts we have ever signed up for. The reality is the best companies want to pick who their investors are… the downside of this is that all the upside is kept for insiders,” he told BeInCrypto, with the air of a man who’s seen it all. 🤷♂️🔒
But the opportunity with Legion goes beyond crypto, he added. It’s about enabling two things: for companies, the ability to tap a button and receive capital as quickly as possible from investors aligned with their mission; and for investors, the chance to back their favorite companies early and have a stake in the game. It’s like a Bertie and Jeeves adventure, but with more spreadsheets. 📊🤝
As regulators seek to structure token markets, this partnership signals a new chapter for crypto fundraising. Here, retail investors can join venture capital in shaping new projects. It’s enough to make a chap feel positively optimistic! 🚀📈
Chart of the Day
Byte-Sized Alpha
Crypto Equities Pre-Market Overview
Company | At the Close of September 17 | Pre-Market Overview |
Strategy (MSTR) | $329.71 | $336.17 (+1.96%) 📈 |
Coinbase (COIN) | $320.56 | $325.90 (+1.67%) 📈 |
Galaxy Digital Holdings (GLXY) | $33.01 | $33.60 (+1.79%) 📈 |
MARA Holdings (MARA) | $17.34 | $17.66 (+1.84%) 📈 |
Riot Platforms (RIOT) | $17.62 | $17.98 (+2.04%) 📈 |
Core Scientific (CORZ) | $16.27 | $16.50 (+1.41%) 📈 |
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2025-09-18 17:31