PANews reported on August 20 that according to Fortune, blockchain startup Legion announced the completion of a $5 million seed round of financing led by VanEck and Brevan Howard Digital, with participation from institutions such as Kraken, Coinbase and Crypto.com.

Legion aims to create a compliant ICO platform, offering companies rigorous IPO-like standards while leveraging crypto technology to facilitate token sales. The 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 funding round includes equity and token subscription rights, and the specific valuation was undisclosed.