Finom Blockchain Corp Announces Reg D Tokenized Equity Offering

Finom to raise up to $101 million to create world’s first blockchain-based platform to reduce financial markets entry barriers and provide Artificial Intelligence advising; companies already have 520,000 users


TEUFEN, Switzerland, Dec. 04, 2017 (GLOBE NEWSWIRE) -- Financial blockchain corporation Finom AG today announced the launch of its $101 million tokenized equity offering to be executed pursuant to Regulation D of the U.S. Securities Act of 1933. Finom makes the world of finance available to everyone by providing a blockchain ecosystem with a single point of entry. The company’s ecosystem allows anyone to manage digital currency and assets conveniently and in accordance with KYC and AML regulations. Finom will release both a security and utility token. The FIN token, the digital equivalent of four shares of Finom’s common stock, grants its owner the rights of a common stock owner of the controlling entity. The NOM token serves as the internal currency within the ecosystem and gives its holders commission discounts, along with special privileges attached to using Finom bank cards and the Finom advertising system.

According to Coin Schedule, so far in 2017, ICOs, or Initial Coin Offerings, have raised more than $3.6 billion in investment in more than two hundred offerings. However, the placement of coins, or utility tokens, does not afford purchasers the same protections available to investors in a securities offering. By contrast, Finom intends to offer to its investors a security token in a Regulation D offering under the United States Securities Act of 1933. The FIN token will be the digital equivalent of four company shares of Finom.

Among Finom’s holdings are four cryptocurrency companies already reaching 520,000 users worldwide. Finom also owns a mining center Cryptal. The corporation aims to raise up to $101 million through its token sale to create the world’s first blockchain-based platform to reduce the barrier to entry in financial markets and provide Artificial Intelligence advising.

“FIN token holders will be able to receive dividends, notices and the opportunity to vote as a stockholder the way that any equity holder does,” says Kirill Suslov, CEO of Finom and founder of TabTrader.

The quantity of utility NOM tokens is equal to FIN. When purchasing security tokens, each investor gets the same number of utility tokens as a bonus. NOM tokens are expected to be listed on one of the largest cryptocurrency exchanges immediately after the Token sale.

Alexandr Barkovskiy, CTO of Finom, founder of Nanopool, comments: “We digitize assets so that anyone will be able to purchase them regardless of their level of wealth or expertise. The system will adapt to your goals and offer relevant solutions”.

The Finom ecosystem will eventually take care of all financial operations including banking integration, payments processing, and factoring performed by different companies. Finom plans to introduce cryptocurrency wallets with linked debit cards, and launch a cryptocurrency bank with a network of terminals by 2020. This would make cryptocurrency circulation and financial transactions with any currency seamless and less costly for users.

“People regularly lose 5-15 percent on commissions. By removing intermediaries, we minimize fees, allowing users to significantly save on transaction costs,” notes Konstantin Karatov, business developer at Finom and founder of Cryptonit exchange.

San Francisco-based SharesPost, a FINRA/SEC registered broker-dealer, investment advisor and Alternative Trading System, is facilitating the Initial Coin Offering for Finom. The FIN token will be available for purchase through a Regulation D offering expected to close on December 30, 2017.

About Finom
Finom is a financial blockchain corporation grown out of five cryptocurrency companies: Nanopool, TabTrader, Cryptonit exchange, Cryptal mining center and Beetle.io mobile broker. Nanopool is the world’s third largest mining pool of Ethereum. TabTrader provides mobile trading on nearly all major exchanges: Bittrex, Bitfinex, Poloniex, Kraken etc. The companies have a four-year partnership history. Finom makes the world of finance available to everyone by providing a blockchain ecosystem with a single point of entry. The company’s FIN token, is a digital equivalent of four shares of Finom’s common stock. The NOM token serves as the internal currency within the ecosystem and gives its holders ad and commission discounts, and special privileges in using Finom bank cards. Finom’s ecosystem allows anyone to manage digital currencies and assets conveniently and in compliance with regulations. For more information, please visit finom.io

About SharesPost, Inc.
Based in Silicon Valley, SharesPost is a FINRA/SEC-registered broker-dealer, investment advisor and an SEC registered Alternative Trading System. SharesPost helped launch the private tech growth market in 2009 and has built one of the most active platforms for data, analysis and transactions. With nearly $3 billion in closed transactions for more than 180 leading technology companies, SharesPost provides shareholders and buyers with the trading, research and online tools to transact in the private market with confidence. For information, visit sharespost.com.

Press Contact:

Michele McDermott-Fox
+1.905.379.1893
finom@transform.pr

Toma Besedina
PR Manager
+7 965 019-52-46
pr@finom.io
www.finom.io

Disclaimer:

This press release contains statements which, to the extent that they do not recite historical facts, constitute forward-looking statements.  These statements can be identified by the fact that they do not relate strictly to historical or current facts and may include the words “may,” “will,” “could,” “should,” “would,” “believe,” “expect,” “anticipate,” “estimate,” “intend,” “plan” or other words or expressions of similar meaning.  These forward-looking statements are based on the current expectations of Finom about future events.  Consequently, actual results may differ materially from those that might be anticipated from forward-looking statements.  In light of these and other uncertainties, the reader should not regard the inclusion of a forward-looking statement in this press release as a representation by Finom that its plans and objectives will be achieved, and should not place undue reliance on such forward-looking statements.  Finom does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.