5 September, 2018
JULES Corporation Pte Ltd (“JULES”) is the first software technology education company (“EdTech”) in Singapore to issue a unique Hybrid Securities Token Offering (“STO”) financing programme. The JULES Preferred Rights Securities Tokens are specifically designed to cater to Venture Capital and Private Equity Funds and Accredited Investors seeking to invest in companies with Blockchain-enabled technology.
The multi-million-dollar Securities Token fundraising programme incorporates both equity type features for investing in early-stage companies and securitised convertible debt features for asset-backed type investments.
“STOs, unlike Initial Utility Token Offerings, are a blockchain-based representation of value that is subject to regulation under relevant securities laws. It is a digitized, tokenised representation of rights that is embedded onto an appropriate blockchain protocol maintained by JULES. I am very grateful to Krishna and his team at Duane Morris & Selvam LLP for their advice, encouragement and expertise in this groundbreaking fundraising programme. Many thanks to Mr. Karthik Iyer of BlockchainMonk for his guidance,” said Mr. Jonathan Chan, Founder and CEO of JULES.
“The JULES Preferred Rights Securities Tokens represents a unique investment mechanism, providing us ownership and asset-backed yield while giving us access to the Company’s ecosystem and customer base,” said Mr. E. Pillay, Founder and Chairman of Genesis on Digital.