Whole Earth Foundation raises 298 M JPY (approx 2.7 M USD) from Nippon Chutetsukan, the world’s first fundraising by token convertible bonds

Background of the fundraising

WEF is a startup that builds, provides, and operates a citizen-participatory infrastructure information platform based on the vision of “We Democratize Infrastructure Management”.

Comments from the investor

About Token Convertible Bonds

WEF is a Singapore corporation in the form of Public Company Limited by Guarantee. Since WEF is not a stock company, it raises funds through the sale of tokens (Whole Eath Coin, WEC) issued by WEF rather than equity. However, since the WEC issued by WEF is not listed on the Japanese market at this time, we have decided to issue bonds that can be converted into WEC after the WEC is listed on the Japanese market.
The use of equity convertible bonds is becoming increasingly popular in Japan, but this is the first time in the world that a token convertible bond has been used to raise funds (*according to WEF research).

Whole Earth Foundation Overview

Company name: Whole Earth Foundation
Representative: Daiki Moriyama, Co-founder & CEO
Establishment: December 2020
URL: https://wholeearthfoundation.org/

For more information, please contact

Whole Earth Foundation
info@wholeearthfoundation.org

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