VRBex, a cryptocurrency and security token exchange that prides itself on being founded and operated by a team with some serious finance cred, is looking to raise up to $100 million in equity, according to a Reg D 506c filing with the Securities and Exchange Commission (SEC). According to the document, the first sale took place in April with a single investor backing the exchange with $253,220. Issuers raising money using Reg D are required to file with the SEC within a certain period following the first money raised.
VRBex is in the midst of an initial coin offering (or initial token offering) pre-sale for select investors that was announced in April. Following the pre-sale, VRBex will launch its main sale that is expected to commence on June 18, 2018.
VRBex says it will be the “premier exchange for investors seeking to exchange or trade cryptocurrency and to invest in crypto-assets such as security tokens.” So VRBex will be all about compliance – globally.
If you are interested, you may register for the offering documents (white paper) but according to their website VRBex will be issuing a preferred Security Token paying a quarterly cumulative dividend of 15% core operating revenue.
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