Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee because a quiet shift is happening in crypto fundraising. For years, private markets favored insiders with access and deep pockets. Now, a new partnership aims to allow everyday investors to participate on equal terms.
Crypto News of the Day: Kraken to Reinvent ICOs with IPO-Grade Compliance
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A sector once dominated by insiders may soon open to the broader public. Legion, a crypto-native fundraising platform, has partnered with Kraken exchange to bring compliant token sales to millions of retail investors worldwide.
“Together with Legion, we’re scaling a product that democratizes token sales and aligns communities with builders,” said Brett McLain, Head of Payments and Blockchain at Kraken.
The move follows Legion’s $5 million seed round, which was co-led by VanEck and Brevan Howard, as indicated in a recent US Crypto News publication. Coinbase Ventures participated in the round.
Unlike traditional fundraising platforms, Legion embeds compliance directly into smart contracts, automating disclosures and ensuring sales align with regulatory frameworks such as Europe’s MiCA (Markets in Crypto Assets).
Based on the announcement shared with BeInCrypto, Legion will prioritize allocation for builders, developers, and community leaders rather than deep-pocketed whales.
Contributions to open-source code,
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Author: Lockridge Okoth
