Cascadia Announced Major Breakthrough In Blockchiain Industy

Canada has achieved yet another world’s first title in the Blockchain industry with the world’s first private placement entirely in Bitcoin

Vancouver, Canada - January 13, 2018 /PressReleaseAgency/ —

In addition to having the titles of the world’s first Bitcoin ATM and the world’s first reversed take-over transaction in the blockchain industry, Canada has once again secured its leadership with yet another world’s first title in the blockchain industry.  This time the historical milestone was made by Cascadia Consumer Electronics Corp. Cascadia, a Canadian publicly listed company in transition to the blockchain and fintech sectors.  Cascadia announced the completion of 425 bitcoin private placement, valued at US$ 6.12 million or C$7.71 million in total, on December 29, 2017, just one short week after its initial announcement of such plan.

“The lightning speed of execution is in-line with the pace of development in the blockchain industry. This historical milestone was made possible by a team of our internal staff and external advisors who have shown their dedication and capabilities to address various regulatory, legal and technical hurdles. This also showcases the high level of enthusiasm and support from the industry investors. Cascadia will be able to accelerate our transition and expansion into the blockchain and fintech sectors, pending approval from CSE on our proposed business change.” said Rachel Wang, Chief Executive Officer of Cascadia in the company’s press release announcing the completion of the private placement. According to Cascadia’s public filing, several well-known Asian institutional investors specialized in the blockchain and cryptocurrency sectors, such as FBG Capital, BitCapital, ChainFunder, Qtum, Nebulas, aelf participated in this round of Cascadia’s private placement.

In recent years, many new start-ups are using ICOs (or “Initial Coin Offerings”) to raise the necessary capital.  However, cryptocurrencies seem not very commonly used or accepted in the traditional capital market.  The Cascadia’s financing round entirely on cryptocurrencies is really the first time where there is a cross-over between the new fintech sector and the traditional capital market, proving that these two are not necessarily mutually exclusive from each other.

Cryptocurrencies is considered as a new form of digitalized representation on values of a project, a business, an asset or individual’s and institution’s wealth. This cross-over will have significant impact on the traditional capital market because the completion of a financing round entirely with cryptocurrencies by a publicly listed company will attract many others to follow. This will not only increase the additional investment and funding sources for publicly listed companies under the traditional capital market, but also widely broaden the investment opportunities available to cryptocurrency holders.  It is not difficult to imagine that this is just the beginning of a new era and in the foreseeable future, it is likely to see more innovative and creative transaction structure involving both the traditional capital market and the new fintech sector.

Contact Info:
Name: Garry Wong
Organization: Cascadia Consumer Electronics Corp

For more information, please visit

Source: PressReleaseAgency

Release ID: 286681

More News From Finance - Asia Logue

Global stocks slide amid trade tensions, Fed rate hike

Mar 22, 2018

BANGKOK — Global stock markets fell Thursday as investors braced for trade conflict between economic heavyweights U.S. and China. Beijing said it was prepared to defend its interests as the administration of President Donald Trump prepared to announce tariffs on imports from China. KEEPING SCORE: Britain's FTSE 100 dropped 0.8 percent to 6,986 ahead of a Bank of England monetary policy statement, in which it was expected to keep rates on hold. Germany's DAX lost 1.1 percent to 12,172 and the CAC 40 in France shed 1.1 percent to 5,181. Futures for the S&P 500 lost 0.6 percent and Dow...

Chinese state media now with more Communist Party propaganda

Mar 22, 2018

BEIJING — Chinese state media will be getting more propaganda now that the Communist Party has announced it will be in direct control of broadcasters and the regulators of everything from movies and TV to books and radio programs. The move is part of a push by President Xi Jinping — emboldened by the removal of term limits on his time in office — to tighten party supervision over broad swaths of Chinese public life as he pushes for what he calls "unity in thought" among officials and citizens. Analysts say having direct oversight of the media will help the...

China vows to defend its interests against US trade actions

Mar 22, 2018

BEIJING — The Chinese government vowed Thursday to take "all necessary measures" to defend the country's interests if President Donald Trump targets it for allegedly stealing American technology or pressuring U.S. companies to hand it over. "China will not sit idly to see its legitimate rights damaged and must take all necessary measures to resolutely defend its legitimate rights," the Commerce Ministry in Beijing said in a statement on its website. The Trump administration is expected later Thursday to impose trade sanctions on China, perhaps including restrictions on Chinese investment and tariffs on as much as $60 billion worth of...

NKorean sanctions evasions reveal Hong Kong's middleman role

Mar 22, 2018

HONG KONG — In the dead of night last month, two tanker ships pulled alongside each other in the East China Sea. One was a North Korean vessel, the other was the Belize-flagged Wan Heng 11. Lights on both ships were blazing, arousing a Japanese spy plane's suspicion they were carrying out a "ship-to-ship" transfer banned under United Nations sanctions imposed over North Korea's nuclear weapons program. Records for the Wan Heng and a number of other ships identified in recent U.N. and U.S. sanctions blacklists and Japanese surveillance reports reveal ties to Hong Kong through front companies based here....

Emboldened Xi to protect 'every inch' of China's territory

Mar 22, 2018

BEIJING — President Xi Jinping vowed Tuesday to protect "every inch" of China's territory, improve the lives of its people and promote the resurgence of Chinese culture and creativity as he kicked off his second term, poised to rule indefinitely. Xi, China's most powerful leader in decades, sounded a stark warning clearly directed at the government of self-ruled Taiwan, which Beijing claims as its territory, and advocates of independence in the southern Chinese city of Hong Kong. "Every inch of our great motherland absolutely cannot and absolutely will not be separated from China," Xi declared in his speech before the...

Sign up now!