OriginTrail raises $22.5 mln in initial coin offering

OriginTrail said it raised $22.5 million in an initial coin offering of its Trace tokens. It said the sale reached the round’s hard cap.

OriginTrail is developing a protocol for supply chains based on blockchain technology. It was part of the Bits x Bites food tech accelerator program and recently began a pilot program with the Chinese online farmers market Yimishiji.