Nasdaq are reporting that….

Chicago-based agency Ceres desires to construct a “seed to sale” transaction community for hashish on the blockchain utilizing its dollar-backed stablecoin – if the digital safety is accepted on the market by the U.S. Securities and Exchange Commission (SEC).Â

Launched in 2017 by West Point graduates and former U.S. troopers Greg Anderson and Charlie Uchill, Ceres recently filed paperwork with the SEC to conduct a Reg. A sale, in search of permission to promote each a token and a coin. The token would characterize an fairness holding in the corporate, however the agency plans to use the cash as an precise transaction device in its funds community. According to the appliance, the agency plans to promote up to $30 million value of its tokens and $20 million in Ceres cash.Â

In addition to its plans to construct a funds community, Ceres additionally markets itself as a lender for authorized hashish companies, although Uchill – the company’s chief working officer – mentioned Ceres has but to disburse any loans, and is relying on the digital securities sale to elevate capital.Â

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