Unicoin follows a major wave of crypto firms going public this year amid the bull market.
New York-based blockchain tech company Unicoin is aiming for a public stock listing and the launch of its own namesake cryptocurrency by the end of this year.
Having been in the industry since 2015, Unicoin is developing its own token whose value is intended to be supported by the company's real estate and equity portfolio. In an interview with Cointelegraph, Alex Konanykhin, CEO of Unicoin, explained that while the firm'sholdings are helping to launch the project into fruition, they aren't tied to one another:
"Unicoins do not represent a stake in any asset. Our portfolio, including its real estate portion, is just the funding needed to assure our ability to turn Unicoin into a leading cryptocurrency brand and popularize its advantages."Given the regulatory complexities associated with cryptocurrencies and tokenized assets, how does Unicoin navigate these challenges across different jurisdictions?"Unicoin Inc.
on the website of the U.S. Securities and Exchange Commission . We spend millions of dollars on auditors, lawyers, and consultants to ensure compliance with all applicable regulations."Konanykhin explained that currently, Unicoins can be acquired through"swaps for real estate or other kinds of RWAs, without using any cash." Unicoins can also be acquired through"Buy Now, Pay Later deals," which give investors five years to pay for the purchase.
"Unicoin is also the majority owner of a traditional staffing agency, ITSQuest, with a regional presence in the U.S. Southwest. Finally, as a holding company, Unicoin also became the majority owner in 2021 of Unicorns, a media production company producing Unicorn Hunters, a business and investing reality show," company staff wrote.
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