Crypto exchange Coincheck partners with Hashpalette for IEO in Japan

Cointelegraph

Published Aug 25, 2020 01:47AM ET

Updated Aug 25, 2020 05:00PM ET

Major Japanese crypto exchange Coincheck has launched an initial exchange offering platform for raising funds through utility tokens.

According to an Aug. 25 announcement from Coincheck, the crypto exchange will be partnering with Japanese company Hashpalette to implement an initial exchange offering (IEO) to sell Palette Tokens (PLT) on the Ethereum blockchain platform Palette. The crypto exchange plans to coordinate the IEO with the Japan Virtual and Crypto assets Exchange Association (JVCEA) by the end of this year.

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