Binance and Hashkey Pro list Stacks tokens following Blockstack’s historic SEC-qualified token sale
Blockstack PBC, the privacy-centric, decentralized computing network, has announced its first listing on Binance, the world’s largest crypto-exchange by market volume, as well as on HashKey Pro, the institutional exchange of leading Hong Kong fintech group HashKey. The listings follow Blockstack’s historic SEC-qualified token sale to retail investors, and its strategic investment round in Asia, which raised a combined $23M.
The Binance and HashKey Pro listings are expected to increase access to Blockstack’s token, Stacks (STX), globally. Trading will be available to non-U.S. persons only due to legal restrictions in the U.S. STX may be used as fuel on the Blockstack network for registering digital assets like usernames, domains, storage pointers, podcasts, and more.
Muneeb Ali, CEO, Blockstack PBC, said: “I am continuously impressed by the speed of Binance’s execution. It is not only the largest crypto exchange, but also rapidly innovates on new financial products. Its strong focus on building communities also aligns closely with Blockstack, as we have one of the fastest growing developer communities.
This year, Asia has been a big focus for us, and we recently held a strategic investment round in the region, helping to further expand our presence in the region. Binance has a strong presence globally, but in particular, has wide distribution throughout Asia, which is a priority region for Blockstack.”
In addition, Hashkey Pro, the institutional grade exchange for sophisticated investors, will list STX.
“Hashkey Group’s focus on regulatory compliance in Hong Kong also complements our regulatory framework. The goal of both listings is to increase access to the Blockstack network globally, and users should now be able to easily acquire STX for use on the network” said Ali.
On the heels of partnering with Blockchain.com to bring Blockstack apps to new users, the first listings signify Blockstack’s ongoing work with the leaders in crypto to continue putting people back in charge of all aspects of their online lives, including their money, identity, and data.
These listings also represent an important milestone for Blockstack, as the Stacks token are intended to help create a shared economy around the network and between users of the technology.
Binance CEO, Changpeng Zhao (CZ) said: “The Binance community is broadly interested in projects that have real technical breakthroughs and help the world move towards a decentralized future. Making Web 3 real is a goal we share with the Blockstack team. We’re excited to give our users access to the Stacks token so they can use them on the 250+ apps built on the Blockstack network.”
The listings follow a number of major developments for Blockstack in 2019, including its SEC-qualified token offering, partnership with industry giant Blockchain.com to integrate Stacks across Blockchain’s full suite of products, the expansion of its App Mining program, which is expected to reward developers up to $1M total in Stacks (STX) per month by May 2020; its Asian strategic round led by HashKey and SNZ, with participation from Fenbushi, Fundamental, Spartan Group, and other top Asian funds; a partnership with Lambda School, which will provide every Lambda student with the opportunity to learn to build on Blockstack; and a strategic investment from Recruit Holdings, one of the biggest Japanese internet companies, to help bring privacy-focused apps to the Japanese market.
About Blockstack PBC
Blockstack PBC is a public benefit corporation focusing on developing the core protocols and pushing the decentralized Blockstack computing network forward. The privacy-centric network is pioneering applications that return online data ownership to consumers. Founded in 2013 and headquartered in New York City with a team spanning Hong Kong, Toronto, Barcelona, and Washington state, Blockstack PBC is funded by Union Square Ventures, Y Combinator, Lux Capital, Digital Currency Group, Naval Ravikant and others. Blockstack’s regulatory filings are available on the SEC’s Edgar website. For more information, please visit blockstack.org.
Binance is a blockchain ecosystem comprised of several arms to serve the greater mission of blockchain advancement and the freedom of money. Binance Exchange is the leading global cryptocurrency exchange by trading volume, with users from over 180 countries and regions. The Binance ecosystem is also comprised of Binance Labs (venture capital arm and incubator), Binance DEX (decentralized exchange feature developed on top of its native, community-driven blockchain software system, Binance Chain), Binance Launchpad (token sale platform), Binance Academy (educational portal), Binance Research (market analysis), Binance Charity Foundation (blockchain-powered donation platform and non-profit for aiding in sustainability) and Trust Wallet (its official multi-coin wallet and dApps browser). For more information, please visit https://www.binance.com
About Hashkey Pro
HashKey Pro is an institutional-grade trading platform for professional digital asset investors.
The company operates a platform that delivers trust, integrity, security, and performance to sophisticated professional investors, institutional investors and brokers who intend to widen their exposure to digital assets through a trusted platform. For more information, visit:
HashKey Pro: https://pro.hashkey.com/
Trading API: https://hashkeypro.github.io/api/#welcome-to-hashkey-pro-api-hashkey-pro-api
The Securities and Exchange Commission (SEC) has qualified the offering statement that we have filed with the SEC under Regulation A for our offering of certain of our Stacks Tokens. The information in that offering statement is more complete than the information we are providing now, and could differ in important ways. You must read the documents filed with the SEC before investing. The offering is being made only by means of its offering statement. This document shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
An indication of interest involves no obligation or commitment of any kind. Any person interested in investing in any offering of Stacks Tokens should review our disclosures and the publicly filed offering statement and the final offering circular that is part of that offering statement here. Blockstack is not registered, licensed or supervised as a broker dealer or investment adviser by the SEC, the Financial Industry Regulatory Authority (FINRA) or any other financial regulatory authority or licensed to provide any financial advice or services.
This communication contains forward-looking statements that are based on our beliefs and assumptions and on information currently available to us. In some cases, you can identify forward-looking statements by the following words: “will,” “expect,” “would,” “intend,” “believe,” or other comparable terminology. Forward-looking statements in this document include, but are not limited to, statements about access to Stacks tokens through exchanges, plans for collaborations and partnerships, and plans for our App Mining program. These statements involve risks, uncertainties, assumptions, and other factors that may cause actual results or performance to be materially different. More information on the factors, risks, and uncertainties that could cause or contribute to such differences is included in Blockstack’s filings with the SEC, including in the “Risk Factors” and “Management’s Discussion & Analysis” sections of its offering statement on Form 1-A. We cannot assure you that the forward-looking statements will prove to be accurate. These forward-looking statements speak only as of the date hereof. We disclaim any obligation to update these forward-looking statements.