According to sources, MaiCoin will shortly conclude a Series C fundraising round, following which the exchange’s worth might exceed $400 million. The crypto exchange has promised to use the procedures to extend its foothold in Southeast Asia, and it also intends to apply for a Nasdaq listing.
Sources exclaimed that joining the global marketplace for purchasing and selling securities is a huge accomplishment for a Taiwanese company. Up till now, only two companies have achieved US IPOs in the last five years.
Unlike many other nations, the Republic of China (commonly known as Taiwan) has not imposed any official controls on the digital asset industry other than requiring local exchanges to follow anti-money laundering rules. According to the country’s financial authorities earlier this year, only three of the country’s 16 trading venues have completed this process. Several firms in the digital asset market have already stated their desire to become publicly listed corporations.
Iris Energy Pty, a bitcoin miner, filed with the US Securities and Exchange Commission in August of last year to list on Nasdaq. The company opted for a direct listing on the global market over the more typical route of an initial public offering (IPO). TeraWulf, an American crypto miner, is also next in line. It obtained around $200 million in debt and equity funding from a mix of institutional and private investors to accomplish this.