Zakat Coin Raises $6M in First IEO Round, Launches Second

Event summary

Zakat Coin ($ZKTC) raised $6M in its first IEO round on Coinstore, exceeding its $4M target by 51%.
Round 2 IEO begins August 12, 2026, with a $2M USDT fundraising target and 200M ZKTC allocation.
$ZKTC is the utility token for ZakPay, a Shariah-compliant payment and remittance platform.
ZakPay integrates cross-border payments, everyday spending, and structured charitable giving via blockchain.

The big picture

Zakat Coin’s oversubscribed first IEO round signals strong demand for Shariah-compliant fintech solutions. The platform’s integration of payments, remittances, and charitable giving via blockchain aligns with broader trends in ethical finance and decentralized infrastructure. Success hinges on scaling real-world utility beyond speculative token trading.

What we're watching

Market Demand: Whether ZKTC can sustain investor interest after a strong first round.
Regulatory Compliance: How ZakPay’s FinCEN-registered framework will navigate evolving crypto regulations.
Token Utility: The pace at which ZKTC adoption grows within the ZakPay ecosystem.