First non-crypto company issues 'pre-IPO' equity tokens on European Digital Assets Exchange

HCS Pharma announced plans to sell security tokens on the European Digital Assets Exchange on Thursday.advertisement

HCS Pharma became the first non-crypto company to offer"pre-IPO" tokens to investors on Thursday as the company launched a security sale on the European Digital Assets Exchange . The French biotech is raising funds before joining the Frankfurt Stock Exchange in a traditional initial public offering later this year, according to aAhead of that IPO, the company is selling crypto tokens representing a Simple Agreement for Future Equity . These tokens give holders the right to receive a 20% discount on the listing price of the IPO proper.. That'sEDSX is based in Zug in Switzerland and was founded in 2019.

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