French fast-food chain Furahaa Group to list FURA tokens on INX Platform

  • Furahaa Group will list FURA tokens on the INX platform on November 20, 2024.
  • FURA tokens offer fractional ownership in Furahaa, expanding investment access.
  • The partnership with INX combines blockchain security with financial inclusion.

Furahaa Group, a French plant-based fast food and vegan product distribution company, is entering the tokenization market with an upcoming listing of its FURA tokens on the INX Digital Company platform, a regulated marketplace for trading digital securities and tokenized real-world assets.

Set to launch on November 20, 2024, at 12 PM GMT+2, this marks a significant expansion into the tokenization market, offering investors the chance to purchase fractional ownership in the company via blockchain technology.

Furahaa’s fractional ownership through FURA tokens

Founded in 2015 by Arthur Devillers, Furahaa Group has quickly become a leader in the fast-growing plant-based food sector. Each of its branches generates approximately €1.2 million annually, and its franchise model, including Furahaa Express, is expanding across Europe and the US.

With the vegan market projected to reach $40.3 billion by 2030, Furahaa’s competitive pricing and high margins position the company as a compelling investment opportunity.

The listing of FURA tokens on INX offers a unique chance for global investors to engage in the rapidly growing plant-based market.

As digital securities, the FURA tokens will provide fractional ownership, enabling broader access to Furahaa’s equity. Investors can trade these tokens on INX’s blockchain-enabled platform, benefiting from the flexibility and liquidity of a decentralized market.

FURA tokens will be issued on the Ethereum blockchain as ERC-1404 tokens and as a result, combine the security of established blockchain infrastructure with the convenience of being tradable outside traditional market hours.

Shy Datika, CEO of INX, expressed excitement over the partnership, highlighting that the FURA token aligns with INX’s mission to democratize finance by bringing real-world assets to the blockchain.

Furahaa’s partnership with INX exemplifies how blockchain technology can transform traditional markets and offer more inclusive investment opportunities.

Arthur Devillers, founder of Furahaa, emphasized the company’s commitment to sustainable growth and financial inclusion.

By listing on INX, Furahaa aims to give a broader community of investors access to its mission-driven business, combining financial return with positive environmental and social impact.

As Furahaa Group continues its global expansion, the launch of the FURA token signals a new chapter in bridging sustainable business with innovative investment solutions.

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FBI seizes Polymarket CEO’s phone and electronics: report

  • The New York Post has published a news story alleging the Federa Bureau of Investigations has seized a phone and electronics from Polymarket CEO.
  • Sources reportedly see this as political retriution after the betting market platform predicted the 2024 US election.

The Federal Bureau of Investigation has reportedly seized the phone and electronics of Polymarket chief executive officer Shayne Coplan.

On Nov. 13, the New York Post reported that the FBI seized Coplan’s phone early Wednesday, with sources saying FBI agents raided the Polymarket CEO’s home at 6:00 am. Per the NY Post news, Coplan was in his home in Soho when law enforcement officers seized the gadgets.

While the FBI took his items, the New York said citing sources, they did not detain the Polymarket CEO. Coplan has also not made any public comment on the report as at the time of writing. However, the Post alleges political retribution.

“The government is likely trying to accuse Polymarket of market manipulation and rigging its polls in favor of Trump,” the New York Post wrote, citing the unnamed sources.

FBI’s raid and confiscation of the items comes just a week after the betting market correctly predicted the win for Donald Trump in the presidential race.

The president-elect beat Democrat Kamala Harris and has begun to form his cabinet and team, including the formation of the Department of Government Efficiency headed by Elon Musk and Vivek Ramaswamy.

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