Waves Platform Which is Set For its Second Round of Investment, Plans to Raise $120 Million

Waves Platform Which is Set For its Second Round of Investment, Plans to Raise $120 Million

Waves platform

According to a recent report, Waves Platform, the world’s fastest public blockchain platform has made it known that it will be conducting another round of investment for the Vostok project. This is bringing the total investment rounds for the project to two.

The Vostok project

The Vostok project, which is made up of the global Vostok blockchain platform and the Vostok system integrator for enterprise and government IT systems, already has active investors from China Europe and Southeast Asia.

According to the report, this investment round is expected to come to an end by May 31, 2019. In its announcement, Wave plans to sell a total of 100 million VST at an estimated price of $1.20. This number covers 10% of the total future issue of the native token.
Going by these numbers, a total of $120 million is expected to get raised at an estimated capitalisation of $1.2 billion. Dolfin, a London investment group, is in charge of structuring and coordinating the deal.

The Waves Platform team developed the Vostok project specifically for large enterprises and public institutions, to enable them to build the foundation of next-generation digital infrastructure. Since the project got announced on April 12, 2018, testing major global organisations including Sberbank has been ongoing.

Statements from CEOs

Sasha Ivanov, founder and CEO of Waves Platform said: “The private blockchain platform Vostok will combine technological developments and innovations we tested when building the international Waves platform, 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.”

Danis Nagy, CEO Dolfin said: “Vostok’s present-day objective is to attract big institutional investors, including mutual funds and venture capital funds. We are delighted to have an opportunity to continue working on this project and are thrilled to see a growing interest in Vostok from businesses and investors alike.