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Grab a coffee as familiar names from Wall Street and the digital asset space step forward with a new vision that blends traditional structure with blockchain openness.

Crypto News of the Day: VanEck and Kraken Signal a New Chapter for Onchain Fundraising

Crypto fundraising is entering a new era, as VanEck and Kraken throw their weight behind Legion.

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The move, marked by Legion’s $5 million seed round co-led by VanEck and Brevan Howard, signals a sharp turn in how capital formation may change in digital markets.

In an exclusive with BeInCrypto, Juan C. Lopez, General Partner at VanEck Ventures, described Legion as a potential catalyst for a new era of compliant, globally scalable ICOs (initial coin offerings).  

For Lopez, the opportunity is about reshaping the opaque structure of private markets.

“The reality is the best companies want to pick who their investors are…The downside of this is that all the upside is kept for insiders. The opportunity with Legion goes beyond crypto. It’s about enabling companies to raise capital instantly from aligned investors while letting retail invest early and have skin in the game,” Lopez explained.

Founded in 2023, Legion aims to fuse the rigor of traditional IPOs (initial public offerings) with the accessibility of ICOs.

Compliance is baked directly into smart contracts, while disclosures are automated throughout the token lifecycle.

This alignment creates equal footing for institutional and retail participants. It addresses what Lo

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Author: Lockridge Okoth