SEATTLE, Dec. 12, 2017 (GLOBE NEWSWIRE) -- Coinme, a venture-backed crypto financial services and blockchain technology company, today announced that UpToken has sold more than $10 million USD in tokens to date. In addition, David Drake, Chairman of LDJ Capital, and Elie Galam, Chief Investment Officer at Eastmore Capital, have joined the UpToken advisory board. These financial leaders bring their extensive knowledge, experience, and networks to the team to help accelerate the deployment of crypto ATMs around the world.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/b3a2fa2c-1265-45ea-a428-2ee349dedc77
To learn more about UpToken and its ongoing token sale, which ends on December 15th at 14:59 GMT, visit https://uptoken.org.
“We’re excited to announce two major milestones today – the fact that we’ve sold $10 million in UpToken so far, and the addition of two financial industry leaders, David Drake and Elie Galam, to the UpToken advisory board,” said Neil Bergquist, Coinme’s co-founder and CEO. “We plan to make the most of their involvement to support our UpToken sale and our mission to give the world access to virtual currency through a global crypto ATM network.”
David Drake is the Chairman of LDJ Capital, as well as Victoria Partners, LDJ Real Estate Group, Drake Hospitality Group, and The Soho Loft Media Group. LDJ Capital's extended network of funds of funds and hedge funds manages $1.5 trillion USD in assets. Drake also previously represented the U.S. Commerce Department at the EU and spoke at the UK Parliament.
“Coinme and UpToken are establishing the essential financial infrastructure to make cryptocurrency a viable option for people everywhere,” commented Drake. “There are many token sales happening today, but few that are backed by an existing business and a truly visionary goal – to provide access to cryptocurrency both in the developed and perhaps more importantly, the developing world.”
Drake regularly communicates with more than 100,000 market participants through The Soho Loft Media Group which has produced and sponsored over 1,500 global finance conferences since 2002. He is actively involved in the crypto community as a speaker and advises over 15 blockchain firms who were able to raise a total of USD $500 million in funding over the last six months.
Elie Galam is the Chief Investment Officer for Eastmore Capital, a global hedge fund based in New York City. He invests in blockchain-related technologies and has advised several high-profile token sales. Previously, Galam was the Chief Investment Officer for Panorama Partners, a New York-based hedge fund that invests in deep value derivative instruments throughout the world. Prior to Panorama Partners, Galam worked at leading hedge funds where he invested billions of dollars across multiple asset classes. He holds a master's degree in Applied Mathematics from Harvard University.
“As the first licensed Bitcoin operator in the U.S., Coinme understood the importance of establishing a vertically integrated network of crypto ATMs, including digital wallet and digital currency exchange services, to support the crypto economy. Today the company processes millions of dollars in cryptocurrency each month,” said Galam. “I look forward to adding to the momentum behind UpToken, and accelerating the world’s access to crypto.”
In other news, at the Monaco Growth Fund’s Holiday Blockchain Summit in Geneva on December 1st, UpToken won “Best of Show” out of twelve token sale participants. The exclusive event allows top emerging growth companies to join with leaders and investors in the financial services and blockchain industries and network with one another.
Buyers can register and purchase UpToken at www.uptoken.org.
About Coinme
Coinme is a venture-backed crypto financial services and blockchain technology company that is dedicated to helping the world gain access to virtual currency. Four years ago, Coinme became the first licensed Bitcoin ATM operator in the U.S. and now processes millions of dollars (USD) each month. The company’s vertically integrated network of crypto ATMs, digital wallet, and exchange services provide customers the opportunity to join this financial revolution. As a licensed financial services provider, Coinme is well-positioned to lead the way. For more information, visit coinme.com.
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