Ciao Group, Inc. has announced plans for an Initial Currency Offering as part of its recently revealed Blockchain Frontier Markets Project, which has been under development over the past year with a specific initial target of bringing increased liquidity to USD$530 billion in African publicly traded company market capitalization.

Last week, CIAU announced a collaboration agreement with Hub Culture to pilot a secure digital financial products marketplace constructed on Hub Culture’s digital asset service engine. Aubrey Brown, CEO of CIAU, is targeting an ICO for later this year, but caveats that the ICO date depends on the forthcoming results of the Hub Culture pilot.

The company recently announced a refreshed business plan to concentrate on developing locally sourced technology and telecommunication services within frontier and emerging economic markets. It is also in the process of changing its name to NuMelo Technology as part of its business plan refresh. Also expected soon is an announcement by the company on two acquisitions.