Maltese blockchain startup TaoDust claimed a $1 million investment at the RISE Conference in Hong Kong today. The investor being none other than ‘The Bitcoin Man’ himself Herbert Sim.
Emerging from crypto-friendly Malta, TaoDust is a crowdfunding platform run by blockchain technology. It aims to disrupt the traditional investment process by anyone to easily and borderless buy, sell and trade assets. TaoDust is replacing a stock exchange with software that issues equity tokens with self-governed operational bylaws. This bridges the current gap between individuals that want to invest and start-ups. Of today’s investment, Sim said:
“TaoDust stood out to me the most among the hundreds of startups present at the conference. It showcased a revolutionary technology and idea, along with a great team and proprietary technology, that will penetrate across the industries”, Herbert Sim announced after the signing, “and I am very happy to be part of this venture.”
Herbert Sim, RISE Conference 11th July 2019
RISE Conference Success
TaoDust, led by CEO and Founder Alan Tonetti, successfully beat 51,000 applicants as one of the 100 alpha companies to exhibit at the RISE Conference in Hong Kong and showcased their MVP on Tuesday 8th to over 16.000 attendees just on the first day alone. CEO Alan Tonetti said:
“We’re proud and happy for this signature. It means a lot to us: it’s been an intense journey and now this a major step forward. We can now focus on the launch and develop a TaoDust secondary market”.
TaoDust CEO and Founder Alan Tonetti
Believed to be the first time ever that an early-stage company has secured a significant investment deal directly at the tech conference itself. Announced at a joint press conference today, Herbert Sim, the founder of Crypto Chain University, considered the world’s first repository for compiling blockchain and cryptocurrency research papers established back in 2010, has been a busy investor of late. In April this year, Sim also made a strategic investment into Israeli blockchain startup TEVEL.
