AlphaPoint Taps into ICO Popularity With Token Launch Toolkit

Digital currency exchange software provider AlphaPoint is expanding into the market for ICOs with a white-label toolkit.

AccessTimeIconMay 22, 2017 at 12:00 p.m. UTC
Updated Sep 11, 2021 at 1:22 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Blockchain solutions provider AlphaPoint has announced it is expanding into the market for initial coin offerings, or ICOs.

The startup revealed today that it is releasing an Asset Issuance and Custody toolkit that enables the creation of new tokens, utilizing protocols such as 'colored coins' (to build an ICO backed by bitcoin) or ERC-20 for ethereum-based launches.

Akin to the firm's white-label exchange software service, the new product provides a host of pre- and post-launch services for ICOs, including the creation of block explorers, community reporting and integration support for third-party exchanges

AlphaPoint founder Joe Ventura said that his startup (which raised $1.35m in 2014 to fuel its efforts) is making the move due to the growing interest in the ICO model among blockchain startups and entrepreneurs.

"ICOs create a new source of funding to drive faster innovation for blockchain projects. We are building the technology platform to support those initiatives," Ventura, who serves as both CEO and CTO of the startup, said of the launch.

That AlphaPoint would enter the market for ICOs is perhaps unsurprising, given its past white-label product launches. The news comes as an increasing number of projects tap the ICO model to raise capital, a state of affairs that is disrupting the way traditional VCs interact with startups.

Marbles image via Shutterstock

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.