SINGAPORE—Acudeen, a marketplace that empowers financial inclusion through selling invoices ahead of their maturity date for liquidity, announced the launch of its public token sale amounting to $35 million in April.
“The ACU tokens serve as our answer to the growing demand for our services outside of our current consumer market. The purpose of our token sale is to accelerate more businesses with our services in the coming years through this revolutionary technology,” said Acudeen Technologies chairman Januario Jesus Atencio.
Acudeen’s current model in place already utilizes advanced methods of validating transactions. Tokenizing their services further allows the company to bring financial inclusion to other parts of the world.
The premise of the new system uses three main drivers—the AssetChain Platform, a block chain which stores all transaction data, the ACU Tokens which are used to avail of services within the platform, and CryptoFIAT, Acudeen’s intuitive solution to completing invoice purchases using cryptocurrency.