
LATOKEN
LAToken makes real assets tradable in crypto, bridging crypto- and real economies.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor | €0.0 | round |
N/A | $18.0m | ICO | |
Total Funding | 000k |
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LATOKEN is a digital asset exchange established in 2017 by founder and CEO Valentin Preobrazhenskiy. Before founding LATOKEN, Preobrazhenskiy was a serial entrepreneur and hedge fund manager, founding Avega Capital and serving as Director at Marcuard Spectrum. His journey into fintech was driven by a desire to make capital markets more accessible, an idea that solidified after organizing hundreds of tech meetups and recognizing the transformative potential of blockchain technology. He also served as a Director and Mentor at the Founder Institute, a global startup accelerator, guiding early-stage entrepreneurs.
The company operates as a centralized cryptocurrency exchange, offering a platform for trading a wide variety of digital assets. It serves a global client base, with users in over 127 countries, providing them with access to over 350 digital assets and more than 200 trading pairs. However, the platform is not available in certain countries, including the United States, due to regulatory restrictions. The business model primarily revolves around generating revenue through trading fees, which are based on a tiered model determined by a user's 30-day trading volume. Additional revenue streams include listing fees for new tokens and withdrawal fees.
LATOKEN's core service is its multi-asset trading platform, which allows for crypto-to-crypto trading. The platform also initially offered the tokenization of real-world assets, such as shares of publicly traded companies like Apple and Tesla, as well as commodities and real estate ETFs, allowing crypto holders to diversify their portfolios. A key feature is its Initial Exchange Offering (IEO) launchpad, which allows startups to raise funds by launching their tokens directly on the exchange. The platform also provides a mobile application for both Android and iOS, two-factor authentication for security, and stores a significant portion of its crypto assets in cold storage. The native utility token of the platform, LA, can be used to pay for transaction fees, participate in ICOs, and for staking to earn rewards.
Keywords: digital asset exchange, cryptocurrency trading, tokenization, Valentin Preobrazhenskiy, crypto-to-crypto trading, Initial Exchange Offering, IEO platform, altcoin exchange, LA token, blockchain finance, crypto crowdfunding, asset-backed tokens, multi-asset platform, spot trading, staking services, DeFi, financial technology, crypto liquidity, mobile crypto trading, digital currency exchange