Next Steps for BCAP Liquidity

Next Steps for BCAP Liquidity

San Francisco, CA – May 10, 2018 – Blockchain Capital, a premier venture capital firm focused exclusively on
the blockchain technology sector and crypto ecosystem, today observes the one-year anniversary of the BCAP
token offering.

The BCAP token is among the first security tokens and has pioneered what we believe is an offering path that
could become the standard of how security token issuances can be conducted to comply with U.S. securities

Minor upgrades to the underlying smart contract of the BCAP token will be made in an effort to ensure that
resales of BCAP tokens are made in compliance with U.S. securities regulations and the transfer restrictions
described in the BCAP token offering memorandum. These upgrades are being implemented now because the
one-year restricted period applicable to the BCAP tokens originally issued under Rule 506(c) of Regulation D
expires today and we want to make sure that the underlying smart contract reflects all transfer restrictions
applicable to the BCAP tokens. These upgrades are fully consistent with the transfer restrictions described in
the BCAP token offering memorandum and will not modify the terms of the BCAP token, which will remain as
set forth in the offering memorandum. The upgraded smart contract will enable the BCAP token to integrate
directly with security token focused liquidity venues and ensure that such trading is done in compliance with
the transfer restrictions applicable to the BCAP tokens.

These upgrades to the smart contract will take a few additional weeks to complete, as we are working at what
we believe isthe cutting edge of available regulatory compliance technology. We want to ensure the smoothest
process for BCAP token holders and we apologize for this delay. We will provide periodic updates to keep BCAP
token holders informed of the progress. We hope to announce a few live partnerships to facilitate BCAP trading
as soon as the contract upgrade is complete.

About Blockchain Capital

Blockchain Capital was founded in 2013 with the mission of helping entrepreneurs build world class
companies and projects based on blockchain technology. Our passion is providing founders with the tools they
need to succeed: capital, domain expertise, recruiting and strategy.

Blockchain Capital is one of the oldest and most active venture investors in the blockchain technology sector
and has financed 72 companies and projects since its inception. We invest in both equity and tokens and are
multi stage investors.

Our view is that blockchain technology holds the promise to disrupt legacy businesses and create whole new
markets and business models. Our network of entrepreneurs, investors, and advisors brings unrivaled resources
to founders who want to leverage blockchain technology to change the world in profound ways.

For more information, please email, visit, or call


BCAP tokens were offered and sold in accordance with Rule 506(c) of Regulation D and Regulation S under the Securities Act of 1933.

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