New York-based blockchain company Unicoin plans to go public and launch its cryptocurrency by the end of the year. 🚀

Unicoin, which has been in the industry since 2015, is developing its own token, the value of which will be supported by the company's real estate and stock portfolio.

"Unicoins do not represent a stake in any asset. Our portfolio, including its real estate portion, is simply the funding needed to grow Unicoin into a leading cryptocurrency brand," said Unicoin CEO Alex Konanykhin.

The company filed to go public with the SEC in February. “We are conducting a large-scale advertising campaign in anticipation of going public to increase the visibility and value of the Unicoin brand,” Konanykhin said.

Unicoin launched a security token project in early 2022, according to SEC filings.