The campaign will allow interested Australians to invest from as much as $475.
“At Bit Trade, we’re excited by the opportunity to help launch Australia’s premier gateway for the future of investment through the new asset class of smart securities,” Jonathon Miller, managing director and co-founder of Bit Trade said.
He said there was no better indicator of the rising appeal of cryptocurrency as an alternative asset class for Australian investors particularly as $5.9 billion in digital currencies was traded by Australians in 2017.
“It doesn’t matter if you’re crypto curious or crypto serious, our platform’s accessible to both individuals and institutions and we’re really excited to be able to throw down the gauntlet and be the first Aussie digital exchange to open up our doors to everyday investors,” Mr Miller said.
Bit Trade launched a new version of its platform in May this year and saw total registrations ramp up to over 50,000 on the platform since inception.
Mr Miller said that funds raised from the equity crowdfunding campaign will be used to continue to invest in the Bit Trade team and platform before scaling to other international markets.
Equitise was one of the first equity crowdfunding platforms in Australia last year to receive regulatory licencing approval from ASIC as part of the regulator’s new framework.
Equitise co-founder Jonny Wilkinson underlined the opportunity for Aussie investors to take part in this campaign, saying Bit Trade and Equitise are well placed to capitalise on the changing regulations around equity crowdfunding in Australia.
“Interest in bitcoin hasn’t died down over the years and Equitise is giving investors the chance to gain a foothold in exciting or emerging industries like the world of cryptocurrencies,” Mr Wilkinson said.
“This equity crowdfunding campaign is the first time in Australia that everyday investors can help shape the future of wealth by backing an innovative company like Bit Trade who are at the forefront of the smart securities market.”
Bit Trade also has an in-house innovation lab and blockchain consultancy which advises and develops software for businesses using blockchain and distributed consensus systems.
He added Bit Trade’s long term strategy will be to diversify its revenue base, scale its platform and gain valuable customer insights into the daily trading habits of its users, in particular enterprise and institutions.
“We’re passionate about building the next generation of wealth and we see that future being in cryptocurrencies,” Mr Miller said.
“As a first mover, Bit Trade announced an exciting partnership earlier this month with mnm institute, an innovative Australian education provider to help support early stage entrepreneurs and encourage wider spread adoption.”
Eliot Hastie is a journalist on the wealth titles at Momentum Media.
Eliot joined the team in 2018 having previously written on Real Estate Business with Momentum Media as well.
Eliot graduated from the University of Westminster, UK with a Bachelor of Arts (Journalism).