Welcome to the US Crypto News Morning Brief—your source for today's most important crypto news.
Grab a cup of coffee because there's a quiet shift underway in crypto Capital . For years, the private market has favored insiders with access and deep pockets. Now, a new partnership aims to allow retail investors to participate on equal terms.
Crypto News of the Day: Kraken Reinvents ICOs with IPO Compliance
An industry once dominated by insiders may soon open up to the wider public. Legion, a crypto Capital platform, has partnered with the Kraken exchange to bring compliant Token Sale to millions of retail investors worldwide.
“Together with Legion, we are expanding a product that democratizes Token Sale and engages the community with builders,” said Brett McLain, Head of Payments and Blockchain at Kraken .
The move follows Legion’s $5 million Capital round, co-led by VanEck and Brevan Howard, as pointed out in a recent publication by US Crypto News . Coinbase Ventures also participated in the Capital .
Unlike traditional Capital platforms, Legion integrates compliance directly into smart contracts , automating disclosure and ensuring sales comply with regulatory frameworks such as Europe's MiCA (Markets in Crypto Assets) .
Based on the announcement Chia with BeInCrypto, Legion will prioritize allocations to builders, developers, and community leaders instead of those with deep pockets.
Contributing to open source , participating in DeFi, or participating in the industry helps determine access.
“We started Legion to see Token reach people who truly believe, not just the rich. The size of your wallet doesn’t matter. What matters is how you contribute to the industry or project,” reads a section in the announcement, citing Fabrizio Giabardo, Legion’s co-founder.
On Kraken Launch, Legion Token Sale will have global reach and liquidation. The joint offerings will be launched simultaneously on both platforms, withToken tradable on Kraken immediately after the sale.
Up to 20% of the allocation will be reserved for Legion Score participants, while the remainder will be available on a first-come, first-served basis.
VanEck Ventures, one of Legion's early investors, XEM this approach as addressing a long-standing imbalance in private markets.
“Fighting the current market structure in the private markets is probably one of the most challenging endeavors we’ve ever been involved in. The reality is that the best companies want to choose who their investors are… the downside of this is that all the profits are kept for insiders,” Juan C. Lopez, General Partner at VanEck Ventures, told BeInCrypto.
He also noted that the opportunity with Legion goes beyond crypto. It's about enabling two things.
For companies, the ability to push a button and get Capital as quickly as possible from investors fits their mission.
For investors, it's the ability to invest in their favorite companies early and have a piece of the game.
Asregulators look to structure the Token market , the partnership signals a new chapter for crypto Capital , where retail investors can join venture Capital in shaping new projects.
Intraday chart
Popular VC funds and investor portfolios. Source: Cryptorank.ioAlpha byte size
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