Street newspaper the Big Issue, sold in the UK and other countries homeless, is launching a blockchain-based platform for bringing socio-transformative investments, reports the Financial Times.
The Big Issue (Big problem) — one of the leading social enterprises in the UK, offering an opportunity for homeless people minimum wage and integration into society.
Three investment companies — UK Standard LifeAberdeen US Columbia Threadneedle and AllianceBernstein, joined the newspaper as the founders of the platform, called The Big shell.
As reported by business publication, the platform will begin work within six months and will offer 30-40 target social and environmental funds. After registering on The Big Exchange, prospective investors will be able to choose between several sets of proposals that have scored “gold” “silver” or “bronze” points according to their compliance with the 17 sustainable development goals set by the United Nations.
It is expected that the minimum investment will be $640, but the Chairman of The Big Issue Nigel Kershaw (Nigel Kershaw) plans to reduce the amount to £2,5 (us$3.2) — that for so many realized the newspaper on the streets.
According to the FT, the platform has already collected about $1.3 million from the three founders and the London FINTECH company, FNZ. In the next five years The Big Exchange hopes to raise up to $3.8 million
We will remind, earlier based Binance Blockchain Foundation Charity Foundation launched the charity portal on the blockchain.
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