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Atomic Capital Positions Itself as Industry Leader in Blockchain Capital Markets
A digital investment banking platform has successfully raised several million dollars in what is marked as another step forward for mainstream implementation of blockchain technology.
Atomic Capital, a venture-backed and FINRA-licensed technology company that helps clients raise capital through the issuance of programmable securities has successfully met its fundraising target in just one month through its blockchain digital equity sale.
According to the company’s press release, Atomic Capital used its digital security issuance software, Helium, to conduct the sale, which raised $3.4 million in less than 30 days. The company has established investment partnerships with some of the biggest names in capital markets, including LedgerZ Capital, Eastmore Group, and follow-on investment from Baroda Ventures.
The fundraiser will enable Atomic Capital to continue expanding its suite of products aimed at capital markets. In the release, the company also stated that it plans on expanding its team of blockchain technologists and FINRA-licensed investment banking professionals.
A Promising Year for Atomic Capital
And while the company’s press release was vague about the future of the project, an Atomic Capital spokesperson confirmed that a major U.S. bank is among the company’s clients. The increase in interest major financial institutions have in blockchain technology has prompted Atomic Capital to explore other projects.
The company stated that it plans on launching another sale in order to raise funding for Reactor, a business accelerator that will support early-stage organizations using digital securities for capital raising and operational functionality.
Atomic’s CEO, Alexander S. Blum, said that the company has what it takes to become a new leader in the capital markets industry, saying that the team’s ability to build a quality product, onboard clients, and raise funds demonstrates the potential the company has.
Blum added that Atomic Capital will provide its clients with a financially sustainable solution, as it intends to maximize its capital market technologies and FINRA-licensing. The company has been listing the tokenized securities of their clients on the Open Finance Network (OFN), the trading platform for alternative assets, since June 2018.
As OFN works with leading brokerage houses, custodians, transfer agents, and banks serving alternative markets, it provides Atomic Capital with access to liquidity on a proven platform. In the June release, Blum said that the company believes that the new asset class won’t be “alternative” for long and that they’re excited to offer our clients a clear pathway to a compliant secondary trading platform.