StartEngine Starts Accepting Submissions for Initial Coin Offerings

StartEngine has announced it has started to accept applications to list an Initial Coin Offering (ICO) on its crowdfunding platform. The full stack crowdfunding platform publicly announced in August its intent to incorporate tokenized security offerings alongside more traditional types of securities. StartEngine enables companies to raise capital under the three different crowdfunding exemptions: Reg CF, Reg A+ and Reg D (506c). StartEngine was one of the first FINRA approved Reg CF portals.

According to a note from StartEngine, the platform is looking for ICOs that are ready to pitch their concept at the forthcoming StartEngine ICO 2.0 Summit that is scheduled to take place in Santa Monica on November 10th. The inaugural summit will be broken into three different sessions:

  • Panels with crowdfunding and crypto leaders.
  • ICO pitches from entrepreneurs.
  • Workshop to learn how to register an ICO

While the ICO market has been fast and furious with incredible sums raised in minutes, recent statements by federal regulators have showed their intent to regulate ICOs as securities (unless they are a utility token). The SEC announced in August their expectation that issuers will file any ICO under an applicable exemption. Pitches at the StartEngine Summit will be for Reg A+ “Testing the Waters” campaigns.

Howard Marks, CEO and co-founder of StartEngine, told Crowdfund Insider in August they are interested in using RegA+ or Reg CF in combination with Regulation D 506(c) for ICOs. StartEngine will accept both US and international investors contingent upon home country law.

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