Blockchain startup Legion completes $5 million seed round led by VanEck and Brevan Howard Digital

According to Fortune, blockchain startup Legion announced the completion of a $5 million seed funding round led by VanEck and Brevan Howard Digital, with participation from Kraken, Coinbase, and Crypto.com. Legion aims to create a compliant ICO platform that offers companies rigorous IPO-like standards while leveraging crypto technology to facilitate token sales. The two founders stated that the platform will adhere to the latest EU regulations, requiring projects to publish detailed white papers and regularly update them to avoid scams common in the ICO era. This round of funding includes equity and token subscription rights, and the specific valuation was not disclosed.