Malta-based blockchain company Palladium is launching the world’s first so-called initial convertible coin offering (ICCO).
According to Palladium chairman Prof. Paolo Catalfamo, the Palladium platform is a revolutionary solution to the biggest obstacles to widespread crypto adoption: cumbersome management of cryptocurrencies and regulatory uncertainty surrounding their use.
Investors will be given the right to convert the tokens into shares of Palladium three years after the issue date.
As was reported by CoinSpeaker, the parliament was going to approve three cryptocurrency bills designed to bring changes to the blockchain sphere.
In October, The University of Malta will start offering a specialised degree in the field of blockchain and cryptocurrencies.
Palladium aims to raise $150 million in tokens in the ICCO, scheduled to begin July 25, and use proceeds to support the three core blocks of Palladium’s solution.
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Few governments may be pushing harder to cultivate a regulatory blockchain oasis than Malta, whose top-down enthusiasm for the emerging technology now seems to have spread to the world of academia.
University College Oxford has become the latest institution to establish a blockchain research facility. The university will now have an ultra-modern research center explicitly designed to research blockchain technology.
