Waves Platform to Raise $120M for Enterprise Blockchain Technology
Main page News, Fintech, Tech, Blockchain, Waves

Waves Platform has announced the details of the second investment round for the blockchain-focused project — Vostok. The platform consists of the global Vostok blockchain platform and the Vostok system integrator for enterprise and government IT systems, and already has investors from Europe, Southeast Asia, and China, states the official press release, which was shared with iHodl.

The second round will reportedly close on May 31, 2019.

According to the announcement, the plan is to sell 100 million VST at an estimated price of $1.20 - which represents 10% of the future issue.

Sasha Ivanov, Founder and Waves CEO says the private blockchain platform Vostok will combine technological developments and innovations with the advantages of other end-to-end digital technologies such as Artificial Intelligence, Big Data analytics and the industrial Internet of Things.

"In each of our strategic markets, we are launching an integrator company, with the help of which an ecosystem of Vostok solutions will be built. Second round investors will provide us with, among other things, opportunities to enter new markets," he added.

The Vostok project was developed by the Waves Platform team specifically for large enterprises and public institutions, to enable them to build the foundation of a next-generation digital infrastructure.

It was announced on April 12, 2018, and has since been tested by major global organisations including a state-owned Russian bank — Sberbank.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

Read also:
Please describe the error