U.S .. The equity brokerage company EF Hutton plans to issue $ 60 million in various cryptocurrency instruments as of January 2019, Bloomberg reported on September 13th.
The last of a series of cryptographic announcements this month, the parent organization of the HUTN company said it would start offering "more tools, coins and tokens" that would generate revenues of at least $ 60 millions. "
The move comes the same week EF Hutton confirmed that he was the main sponsor of a new US cryptocurrency exchange known as ACEx, which also includes
" The proceeds will be used to finance marketing, technology and to repay the debt and for the overheads of companies, "explains the release of the business plans.
" We know that ICOs succeed when they present powerful cases of use that improve the utility of their owners with the peer-to-peer functionality of blockchain technology, "HUTN CEO Christopher Daniels commenting on the latest announcements:
" As a result, we are confident that ICO buyers will be looking forward to to keep the coins and tokens we are emitting. "
The white papers for the next tokens are promised in the fall, promising a" use "case" for each instrument on offer. At the moment, specific information on the offer is not available.
HUTN has already hired a consultant with a history of aid to companies engaged in Initial Coin Offerings (ICO) in the amount of $ 290 million, he continues, adding it now "has special insight and experience in the cryptocurrency market."  The company has already tried to support these claims, according to Cointelegraph on September 7, in a cryptocurrency research project to help investors "get confused" about industry.