Rivetz Public ICO Underway, Gets $5.5M in Pre-Sale

FinTech, ICO News, Innovation, Investing | August 10, 2017 By:

A private pre-sale of tokens has netted Rivetz Intl. Inc. of the Cayman Islands $5.5 milliion USD (19,000 ETH), with institutional buyers BnkToTheFuture and Tally Capital leading the way. The public ICO starts today.

Rivetz’s Rivet (RVT) token is part of a system to provide verifiable security controls for cloud authentication, Internet of Things (IoT), blockchain, and legacy financial transactions. The token enables authentication across devices at the transaction and authentication level. The solution uses technology already built into millions of mobile devices and uses safeguards against malware to prevent alterations or theft of keys and transactions.

“We are very supportive of the goals of Rivetz and happy to add it to our portfolio of tokens,” said Simon Dixon, CEO BnkToTheFuture.com. “Turning our phones into hardware wallets in a way that is scalable will be an important advancement as the world adjusts to owning their own digital assets. Rivetz CEO Steven Sprague is a true expert in the field of security, and the perfect leader to bring this innovation in personal security forward.”

“The Rivetz token distribution is a groundbreaking moment in decentralized cybersecurity,” said Matthew Roszak, managing director of Tally Capital and co-founder of Bloq.  “Rivetz provides consumer protections and simplicity that will help blockchain applications achieve their next level of adoption.  This new platform will add a crucial new layer of protection to exchanges, wallet and new tokens to ensure a level of data integrity and identity protection never before available.”

The token sale is being conducted by crowdfunding platform TokenMarket.