Working with a fantastic team, great product and our support, Pundi X was the first Isle of Man ICO to hard-cap.
ICO In Numbers
40
ICO hard-capped at US$40 million
30
Point of sale machines available in over 30 countries
150
staff, including over 80 R&D focused
5
million raised through SolutionsHub's syndicate network
PROJECT BRIEF
Pundi X’s mission is to make buying cryptocurrency as easy as buying bottled water, including the wide distribution of blockchain-based point-of-sale (POS) machines. Pundi X required assistance with a regulatory complaint Initial Coin Offering and KYC/CDD structuring suitable to meet the business needs.
- Date:2020
- Client:Pundi X
- Discipline:blockchain, Initial Coin Offering
Solution
We supported Pundi X by assisting with a Designated Business registration, ensuring the business could conduct a legitimate ICO. This involved application preparation, liaising with the regulator and compliance policy support. In addition, ours founders private syndicate supported the ICO by committing 5% of the offering.