Industry SectorsFinancial ServicesLeondrino Exchange plans first two branded currencies for start-ups

Leondrino Exchange plans first two branded currencies for start-ups

The US and Germany-based currency management as a service provider said that the first initial token offerings will take place next month.

Leondrino Exchange, a currency management as a service provider with a blockchain-based platform and marketplace for organisations to issue their own private, branded currencies, has announced the first initial token offerings (ITOs). Two companies, Chargepartner Network and Leaf Systems, will publicly issue their own branded tokens on June 15 as the first step in the life cycle of Leondrino currencies with the goals of raising capital and building a community around their brands.

Both ITOs will be facilitated by the LEX Platform, a proprietary system created by Leondrino Exchange, based upon blockchain and smart contract technology that allows for the management and regulation of private, branded currencies. Leondrino Exchange is headquartered in New York, NY, with the main development offices in Berlin, Germany. The company has been funded by its founders and an initial seed round in March 2016.

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