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Australia’s PCF Capital Group Picks KoreConX For $250M Mining-Focused Security Token Offering

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AUSTRALIA-BASED-PFC-CAPITAL-GROUP-TO-LAUNCH-250-MILLION-USD-SECURITY-OFFERING-WITH-KORECONX

AUSTRALIA-BASED-PFC-CAPITAL-GROUP-TO-LAUNCH-250-MILLION-USD-SECURITY-OFFERING-WITH-KORECONX

Australia Based PFC Capital Group To Launch 250 Million USD Security Offering With Koreconx

PFC Capital Group, an Australian capital advisory company has chosen KoreConX, a permissioned blockchain system, for a 250 million USD digital security offering.

According to reports, PFC Capital, a corporate advisory company which advises clients within the mining industry has given project financing mandates worth over 2 billion dollars as well as carried out 120 mine divestments.

Koreconx Components

KoreConX is a permissioned blockchain system for digital securities and the network consists of the following:

  • Broker/dealers
  • Jurisdictional securities lawyers
  • Secondary markets platforms
  • Offering investors
  • Media and marketing services

This PFC – KoreConX partnership will enable the 250 million USD security offering (assumed to be a first in the use of digital security for the international mining industry) to be marketed across multiple regions with complete regulatory compliance.

Availability Regions

According to reports, this security offering will be available to institutional investors, accredited investors and also family offices in the following regions:

  • Cayman Islands
  • United States
  • Canada
  • Australia
  • United Arab Emirates
  • United Kingdom
  • Hong Kong
  • Singapore

Polymesh

Charles Hoskinson, the Co-founder of Polymath, a security token platform announced yesterday that they will be developing a dedicated blockchain “Polymesh” with Ethereum (ETH) for regulation compliant tokens only.

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