Heritage Distilling, in a partnership with the Story Foundation, recently announced a $220 million PIPE financing to establish a treasury strategy focused on $IP, the native token of the Story network. CoinDesk's Jenn Sanasie sits down with Story CEO and Co-Founder SY Lee to unpack this move and explore how this new vehicle provides a bridge for traditional investors to get exposure to the IP token without the complexities of direct ownership.
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This Nasdaq Firm Is Betting $220M That Investors Prefer Shares Over Tokens
Heritage Distilling, in a partnership with the Story Foundation, recently announced a $220 million PIPE financing to establish a treasury strategy focused on $IP, the native token of the Story network. CoinDesk's Jenn Sanasie sits down with Story CEO and Co-Founder SY Lee to unpack this move and explore how this new vehicle provides a bridge for traditional investors to get exposure to the IP token without the complexities of direct ownership.
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