BARONESS Michelle Mone’s cryptocurrency-backed peer-to-peer platform is set for another rebrand just a year after the business was first unveiled.
The lingerie tycoon (pictured) launched an initial coin offering (ICO) in March 2018 with her venture capitalist partner Doug Barrowman to help build a platform that would let retail investors acquire stakes in or lend to early-stage businesses using Equi tokens.
The platform was initially called Equi before putting its ICO on hold during the summer of 2018 to shift from a UK to an international focus and rebrand as Equi Global.
Apple co-founder Steve Wozniak joined the business in October 2018 but nothing public has been announced since.
As of September, the Equi website displays a message stating that Equi Global is now Equi Capital Partners. It promises that further details will be revealed soon.
Companies House documents show that Equi Capital Partners was set up on 3 September 2019.
Barrowman is listed as the sole director and as a person of significant control. A spokesperson for Mone said she and Wozniak were still co-founders.
“Equi is a venture capital firm with a tokenised backend,” the statement said. “We will be launching on a security exchange.
“We can’t give too much away at the moment but it’s very exciting.”
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This story originally appeared in the October print edition of Peer2Peer Finance News, which can be read here.