Ethereum ICO with MultiChain

Question

Assume the following scenario:

1. An ICO (ERC20 standards) is issued on Ethereum, we call the token A-token.
2. If we build a Multichain permissioned blockchain, on which users can settle their trades using A-token. That is to say, users can purchase A-token from crypto exchanges and use A-token to settle the trades.

Any advise on whether it is possible to implement? If it is possible, how to port A-token into Multichain? 

Answer 1

We don't want to specifically comment on the ICO, but in general if you want to transact any token on two blockchains simultaneously, you need a trusted party that receives and holds token on one chain, then issues tokens on the second chain which are backed by those it's holding on the first.