COMSA raises $9 million in Venture Capital Funds for upcoming Token Crowdsale
Tech Bureau, a fintech and cryptocurrency solutions company, announced that leading Japanese VCs vow over $9 million investment in COMSA’s Initial Coin Offering (ICO). COMSA, a complete Initial Coin Offering (ICO) fundraising and cross-chaining platform built on the NEM blockchain protocol, is meant to streamline cryptocurrency funding and cross-chain transactions.
COMSA aims to address current uncertainties held by the ICO process. By working as a full-fledged ICO fundraising service, COMSA will exercise a completely streamlined process of token offering, sale and distribution, and subsequently listing on an exchange on one efficient platform. With over 20k sign ups and 14,000 download of the white paper, Comsa is off to a promising start.
The participation of not one but three VCs is testimony of their trust in the acceptance and viability in raising capital using cryptocurrencies. We are confident that more mainstream businesses will join the fray as they begin to take cryptocurrencies seriously as a means to broaden their investment portfolio into the nascent blockchain technology powered businesses,” commented Takao Asayama, CEO of Tech Bureau, Corp. “COMSA is a one stop shop solution for token creation and exchange.
The COMSA project is a timely project in that it is happening at time where there is a need for a mechanism to streamline ICOs. With the development of the COMSA platform, we are now creating a whole new paradigm where capital can be raised with VC participation,” commented Lon Wong (Lon) President, NEM.io Foundation. “What we hope to see in the future is how Security Exchange Commissions of the world will learn from this initiative, recognize it, and allow securities to be listed using cryptocurrencies. I believe COMSA has what it takes to lead, set the precedence, and make this accepted as a way forward for publicly listed companies in the near future.
Token Crowdsale is on track to account for more funding than venture capital. It is this giant crowdfunding boom that is forcing venture capitalists to expand their horizons beyond the Silicon Valley bubble, making them more accessible to entrepreneurs in other regions. More specifically, the blockchain innovation is taking place within the Asia Pacific region, with deployments of the NEM protocol in Japanese industries attracting these Venture Capitalists. These investments in the COMSA ICO convey the value of ICOs democratizing entrepreneurial access to funds and reaffirms the importance of a NEM based platform for blockchain technology.