ByeleX launches Europe’s first share-based ICO

ICO 2.0: company shares on the Ethereum Blockchain

Oud Gastel, 29 March 2018 — Today software corporation ByeleX launches Europe’s first ICO (Initial Coin Offering), granting investors the same rights and legal protection that a regular IPO does. ByeleX’s ICO 2.0 is unique in that it provides investors with real shares in the company — and thus physical value — for their money. Moreover, the ICO 2.0 meets all legal and financial requirements in the Netherlands. The stock market launch, based on cryptocurrency, lowers the investment threshold and heralds a new era of corporate finance.

Tokenization

The shares of ByeleX are sold as cryptographic tokens — so-called BYESHARES — on the Ethereum Blockchain. BYESHARES grant shareholders the same rights that a conventional IPO does. Shareholders have meeting, voting, and dividend rights, are given control of the company and can trade their shares to realize shareholder value. This ICO is different, however, because the company’s shares are tradable like other Blockchain-based equity tokens.

Cheap and fast stock transaction

A stock transaction via the ICO 2.0 is many times cheaper and faster than regular trading of medium-sized company shares and opens up stock trading to a broad (international) audience. With the technology, ByeleX wants to enable other medium-sized companies to find alternative ways of accessing finance and attracting investors.

ICO 2.0 financing

With the capital raised by the ICO 2.0, ByeleX wants to finance the growth of its organization, strengthen the cooperation with customer companies in the field of Research & Development and develop new technological propositions.

Herman Vissia, CEO ByeleX: “We are proud to be the first company in Europe enabling this innovation in stock transactions. The approach grants easy and safe stock ownership not only to business investors, but to private investors as well. The innovative investment method also opens up a new realm of possibilities for entrepreneurs to collaborate and distinguish themselves.”

Benjamin Niemeijer, lawyer at La Gro Advocaten: “The introduction of ICO 2.0 is cutting edge. Trading physical value via Blockchain will upend international financial markets, creating enormous opportunities for companies and investors. And all of this within the confines of the law.”

About ByeleX — The Next Innovation Company

ByeleX (1994) is a business software corporation with headquarters in Oud Gastel and offices at the High Tech Campus Eindhoven and Science Park Minsk (Belarus). Throughout the last decade, ByeleX has grown into a household name for innovative software solutions, serving over 300 clients ranging from banks to international corporations and from universities to healthcare organizations. Top experts and scientists from Minsk pursue state-of-the-art developments based on continuous scientific exploration, new software technologies and proven cases. As an R&D partner, ByeleX develops and builds solutions in such fields as location awareness, cloud technology, artificial intelligence and cryptography.