A firm called BnkToTheFuture plans to open a market in the second quarter that will let investors trade equity stakes in companies involved with the blockchain, the transaction-tracking technology that underpins digital currencies like bitcoin. BnkToTheFuture will use a blockchain ledger to keep record of those investments for clients.
Its impending market will join a slew of other ways to bet on blockchain startups, including investing in tokens issued by the companies or in various indexes and funds tracking such digital currencies. BnkToTheFuture also competes with the likes of the Nasdaq Private Market, but it’s focused on blockchain and fintech companies.
“By year-end, we could have 50 percent of the major companies in the sector on our platform,” Chief Executive Officer Simon Dixon said in a phone interview.
The marketplace debuts just as interest in the blockchain — a digital ledger for recording transactions in a secure and transparent manner — is at an all-time high. This year alone, more than $3.6 billion has been invested into initial coin offerings, a fundraising method mostly used by blockchain-related startups, according to CoinSchedule. The technology is expected to revolutionize industries ranging from finance to supply-chain management…