![BSO CEO Michael Ourabah invested Around $500K in UAE-based tokenization platform Tokinvest's pre-Seed funding.](https://startuprise.org/wp-content/uploads/2024/07/Copy-of-90-Million-68.webp)
BSO CEO Michael Ourabah invested Around $500K in UAE-based tokenization platform Tokinvest’s pre-Seed funding.
The Company was founded in 2024 by Scott Thiel and Matthew Blom to produce virtual tokens reflecting asset rights for its worldwide marketplace that connects asset issuers and investors.The funding will improve Tokinvest’s platform’s technology, team, and market penetration.
Tokinvest, a forerunner in the real-world asset tokenization space, announced that it has secured $500k in pre-seed funding from multiple influential investors.
It is a cutting-edge platform that links investors worldwide with issuers of real assets. The cutting-edge platform streamlines the investment process by generating virtual tokens that stand in for asset rights and offering full lifecycle services, including asset servicing, trading, and ideation.
“We believe in Tokinvest’s vision of setting standards in the real-world tokenisation industry. Their approach not only meets the highest legal and compliance levels but also aligns with current demand by providing accessibility to the most desirable assets for all investors. We are thrilled to be part of this exciting growth period for the company,” said Michael Ourabah, CEO at BSO and one of Tokinvest’s strategic investors.
Strategic investors showed great interest in the pre-seed investment round after realising the potential of Tokinvest’s regulated, scalable platform. The money will go towards growing the workforce, accelerating market penetration, and improving the platform’s technology infrastructure.
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Scott Thiel, CEO of Tokinvest, adds, “We are immensely grateful for the trust and support from our early investors. This funding fuels our technological and operational development and solidifies our strategy to lead in the real-world asset tokenisation space. We are excited about the opportunities that lie ahead and are keenly focused on launching our marketplace later this year.”
It has now opened its new investment round, hoping to build on the success of its previous one. With this next round, the company hopes to draw in more funding in order to grow its operations, reach a wider audience worldwide, and keep coming up with new ideas in the real-world asset tokenization industry.
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This information comes after Tokinvest announced that it has received the Government of Dubai’s Virtual Assets Regulatory Authority’s preliminary licencing permission. Licences are still only granted if pre-operating requirements are met and operational permission is obtained.
About Tokinvest
Tokinvest is a pioneering marketplace that connects asset issuers and investors worldwide. They innovative platform simplifies investment by producing virtual tokens representing asset rights and offering lifecycle services from ideation to trading to asset servicing.