Digital Securities
Altvesto and DigiShares Target Institutional and Professional Investors
Partnership Agreement
A pair of European companies has recently announced the signing of a new partnership agreement. DigiShares and Altvesto indicate that they will be working together in an effort to develop a platform built for enticing institutional and professional investors to take part in the tokenization of large infrastructure.
It is expected that the first STO to be made available on the platform will be seen as soon as this coming September.
Bridging of Worlds
Recognizing the need for a bridge between traditional finance and DLT, this pairing of companies is taking a unique approach to their goal.
In their announcement, the following description elaborates on how the partnership will function. It is stated,
“Assets will be acquired by sub-funds of the alternative investment fund launched by Altvesto and listed on traditional stock exchanges in the EU. The shares of these sub-funds will be issued in a digital form on a DLT (Distributed Ledger Technology) platform provided by DigiShares. The DLT register of shareholders will be two-way synchronized with the CSD through a custodian, so transactions taking place on the Altvesto platform will be mirrored “in the real world”, and transactions made through stock exchanges will be immediately reflected in the DLT register.”
Altvesto states that the timeline for assets to be tokenized, beginning with due diligence all the way to secondary market launch, will take roughly 6-9 months.
Assets being targeted by the pair of companies include real estate, energy solutions, and more.
Commentary
Representatives from each company took the time to convey their thoughts on this partnership. The following is what each had to say on the matter.
Ivan Aleksandrov, co-founder of Altvesto, stated,
“We see great potential in our collaboration with DigiShares. As an investment banking institution, we want to focus on the legal and organizational aspects of STOs and working with investors. We are happy that we found a reliable technological partner able to cover our needs in IT infrastructure and provide us with a secure and compliant technological solution.”
Claus Skaaning, CEO of DigiShares, stated,
“One of the main obstacles to the further development of the tokenized securities market is the hesitation of institutional investors from entering the market. Altvesto represents one of the best initiatives in the current market to bridge the blockchain and traditional finance world to provide institutional investors with the benefits of tokenized securities while at the same time providing an acceptable, robust and compliant infrastructure for them. DigiShares is proud to be selected as a key partner in this endeavor.”
Altvesto
This Warsaw based company, which was founded in 2019, offers services built to bridge the gap between traditional finance and tokenized assets. Their platform is able to offer clients access to, both, the necessary legal and technological framework to do so.
Director, Adam Major-Machnacki, currently oversees company operations.
DigiShares
Since being founded in 2018, European based DigiShares has gone on to develop a series of services built to provide clients with a comprehensive experience when issuing digital securities. These services range from offering payment gateways, investor accreditation services, and more.
CEO, Claus Skaaning, currently oversees company operations.
In Other News
This announcement between DigiShares and Altvesto is not the first time the former has caught our attention in recent months. Only weeks prior, the company announced a strategic alliance with AmaZix. ‘It’s all about who you know’, and DigiShares knows a lot of the right companies.
