First Tokenized IPO Launches on National Stock Exchange – CoinDesk

  • Today marks the launch of what is most likely the first ever blockchain-based initial public offering (IPO), with the national stock exchange of the Seychelles selling tokenized shares in its equity to investors worldwide.
  • At 09:00 U.K. time (08:00 UTC), the shares will be available on the MERJ exchange’s own platform, as well as through broker-dealer Jumpstart and crypto custodian Prime Trust – both based in the U.S. – and U.K.-based blockchain fundraising platform Globacap, MERJ told CoinDesk exclusively.
  • The IPO sees MERJ issuing 1,652,893 new shares at a price of $2.42 per share, with the aim of raising $4 million to fund its expansion.

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