Aragon token sale raises US$25m

New Straits Times - - Business -

NEW YORK: Aragon, a project that cre­ates soft­ware to man­age com­pa­nies, raised US$25 mil­lion (RM108.16 mil­lion) in un­der 15 min­utes on Wed­nes­day with the sale of its own token, said Luis Cuende, the project’s co-founder. The pro­ceeds are the sec­ond-largest amount re­ceived by a startup oper­at­ing in the blockchain space. Aragon’s coin is called Aragon Net­work Token. It is the first man­age­ment tool de­vel­oped to de­cen­tralise the cre­ation and main­te­nance of com­pa­nies. Agen­cies

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