BlockEx Raises $24 Million in Funding
- BlockEx has another ICO coming up in February too.

BlockEx offers a platform that "manages the entire lifecycle of blockchain based digital assets, including origination, issuance, exchange, settlement and redemption," according to its website.
The company is also launching a new token through its own ICO, to begin in February. The token is called the Digital Asset Exchange Token, or DAXT, and holders will have exclusive access to pre-sale ICOs that have been approved by BlockEx.
BlockEx aims to make ICO marketing easier by standardising it through its new service, BlockEx Markets, which is an online open marketplace for buying a variety of asset classes, including ICOs. The blurb on the website says: "We will proactively manage the information being published by the issuers so that it is reliable, and information on multiple ICOs is viewable on one centralised platform."
CEO Adam Leonard explained the process: “We review the Whitepaper Whitepaper A whitepaper is defined as a pitch or persuasive, authoritative, and often in-depth report on a specific topic that presents a problem along with a respective solution. Marketers rely on whitepapers for a variety of reasons, most simply to educate an audience about a particular issue or to promote a particular methodology. In the cryptocurrency world, a whitepaper is a document that should contain all of the information about the technology that was used to build a cryptocurrency network, and how the network will be used, and for what purpose. Some whitepapers may also contain information about the business plan behind the cryptocurrencies and the organization that created it. Whitepapers as a Component of ICOsToday associated almost exclusively with Initial Coin Offerings (ICOs), these documents actually seek to provide a roadmap for a business plan for the company. This can include information for potential investors about specific product, structure, mission, benefits, team, roadmap, future plans, etc. These documents proved essential to the rise of ICOs.Whitepapers today receive a generally negative connotation for this reason, given the amount of speculative and ultimately unsuccessful ICOs promoted via whitepapers.A troubling number of whitepapers severely lacked vital or in many cases accurate information. This proved one of the foundational elements of the ICO craze which consequently reached its apex in 2017.Most whitepapers delved into specific details for investors in ways that normal marketing channels could not readily transmit.In this sense, whitepapers were very effective in providing detailed information on products, security protocols, methodology, target users, and team members. Despite the propensity for scams or high failure rate, there have been several successful ICOs. This includes Ethereum, NEO, Spectrecoin, and others. A whitepaper is defined as a pitch or persuasive, authoritative, and often in-depth report on a specific topic that presents a problem along with a respective solution. Marketers rely on whitepapers for a variety of reasons, most simply to educate an audience about a particular issue or to promote a particular methodology. In the cryptocurrency world, a whitepaper is a document that should contain all of the information about the technology that was used to build a cryptocurrency network, and how the network will be used, and for what purpose. Some whitepapers may also contain information about the business plan behind the cryptocurrencies and the organization that created it. Whitepapers as a Component of ICOsToday associated almost exclusively with Initial Coin Offerings (ICOs), these documents actually seek to provide a roadmap for a business plan for the company. This can include information for potential investors about specific product, structure, mission, benefits, team, roadmap, future plans, etc. These documents proved essential to the rise of ICOs.Whitepapers today receive a generally negative connotation for this reason, given the amount of speculative and ultimately unsuccessful ICOs promoted via whitepapers.A troubling number of whitepapers severely lacked vital or in many cases accurate information. This proved one of the foundational elements of the ICO craze which consequently reached its apex in 2017.Most whitepapers delved into specific details for investors in ways that normal marketing channels could not readily transmit.In this sense, whitepapers were very effective in providing detailed information on products, security protocols, methodology, target users, and team members. Despite the propensity for scams or high failure rate, there have been several successful ICOs. This includes Ethereum, NEO, Spectrecoin, and others. Read this Term and business plans to decide whether the project is financially feasible. We force all ICO issuers to subscribe to a set of governance guidelines we have adopted from our regulatory business plan. We have third-party legal teams, accountancy firms, and fiduciaries that help with four-eyed checks, and we use third-party security companies to audit the smart contracts.”
Back in September, we reported on BlockEx becoming a corporate member of the Wall Street Blockchain Alliance, a non-profit trade association.
In May, BlockEx partnered with law firm Winston & Strawn to create standardised templates to streamline the process of issuing bonds. At the time, CEO Adam Leonard said: “We have received a lot of interest from SMEs who have been excluded from capital markets because the costs of going through a bond issuance are too high. The BlockEx Digital Asset Creation tool...radically changes the existing set-up."
BlockEx offers a platform that "manages the entire lifecycle of blockchain based digital assets, including origination, issuance, exchange, settlement and redemption," according to its website.
The company is also launching a new token through its own ICO, to begin in February. The token is called the Digital Asset Exchange Token, or DAXT, and holders will have exclusive access to pre-sale ICOs that have been approved by BlockEx.
BlockEx aims to make ICO marketing easier by standardising it through its new service, BlockEx Markets, which is an online open marketplace for buying a variety of asset classes, including ICOs. The blurb on the website says: "We will proactively manage the information being published by the issuers so that it is reliable, and information on multiple ICOs is viewable on one centralised platform."
CEO Adam Leonard explained the process: “We review the Whitepaper Whitepaper A whitepaper is defined as a pitch or persuasive, authoritative, and often in-depth report on a specific topic that presents a problem along with a respective solution. Marketers rely on whitepapers for a variety of reasons, most simply to educate an audience about a particular issue or to promote a particular methodology. In the cryptocurrency world, a whitepaper is a document that should contain all of the information about the technology that was used to build a cryptocurrency network, and how the network will be used, and for what purpose. Some whitepapers may also contain information about the business plan behind the cryptocurrencies and the organization that created it. Whitepapers as a Component of ICOsToday associated almost exclusively with Initial Coin Offerings (ICOs), these documents actually seek to provide a roadmap for a business plan for the company. This can include information for potential investors about specific product, structure, mission, benefits, team, roadmap, future plans, etc. These documents proved essential to the rise of ICOs.Whitepapers today receive a generally negative connotation for this reason, given the amount of speculative and ultimately unsuccessful ICOs promoted via whitepapers.A troubling number of whitepapers severely lacked vital or in many cases accurate information. This proved one of the foundational elements of the ICO craze which consequently reached its apex in 2017.Most whitepapers delved into specific details for investors in ways that normal marketing channels could not readily transmit.In this sense, whitepapers were very effective in providing detailed information on products, security protocols, methodology, target users, and team members. Despite the propensity for scams or high failure rate, there have been several successful ICOs. This includes Ethereum, NEO, Spectrecoin, and others. A whitepaper is defined as a pitch or persuasive, authoritative, and often in-depth report on a specific topic that presents a problem along with a respective solution. Marketers rely on whitepapers for a variety of reasons, most simply to educate an audience about a particular issue or to promote a particular methodology. In the cryptocurrency world, a whitepaper is a document that should contain all of the information about the technology that was used to build a cryptocurrency network, and how the network will be used, and for what purpose. Some whitepapers may also contain information about the business plan behind the cryptocurrencies and the organization that created it. Whitepapers as a Component of ICOsToday associated almost exclusively with Initial Coin Offerings (ICOs), these documents actually seek to provide a roadmap for a business plan for the company. This can include information for potential investors about specific product, structure, mission, benefits, team, roadmap, future plans, etc. These documents proved essential to the rise of ICOs.Whitepapers today receive a generally negative connotation for this reason, given the amount of speculative and ultimately unsuccessful ICOs promoted via whitepapers.A troubling number of whitepapers severely lacked vital or in many cases accurate information. This proved one of the foundational elements of the ICO craze which consequently reached its apex in 2017.Most whitepapers delved into specific details for investors in ways that normal marketing channels could not readily transmit.In this sense, whitepapers were very effective in providing detailed information on products, security protocols, methodology, target users, and team members. Despite the propensity for scams or high failure rate, there have been several successful ICOs. This includes Ethereum, NEO, Spectrecoin, and others. Read this Term and business plans to decide whether the project is financially feasible. We force all ICO issuers to subscribe to a set of governance guidelines we have adopted from our regulatory business plan. We have third-party legal teams, accountancy firms, and fiduciaries that help with four-eyed checks, and we use third-party security companies to audit the smart contracts.”
Back in September, we reported on BlockEx becoming a corporate member of the Wall Street Blockchain Alliance, a non-profit trade association.
In May, BlockEx partnered with law firm Winston & Strawn to create standardised templates to streamline the process of issuing bonds. At the time, CEO Adam Leonard said: “We have received a lot of interest from SMEs who have been excluded from capital markets because the costs of going through a bond issuance are too high. The BlockEx Digital Asset Creation tool...radically changes the existing set-up."