Digital Securities
Fintelum Laying Groundwork for STO Implementation
Fintelum STO Implementation Whitepaper
Fintelum has recently made their STO Implementation Whitepaper public. This detailed document pours over the need for, and capabilities of, their Ethereum based issuance platform.
Beyond discussing the intricacies of what makes an asset a security token, and how the digital securities sector came to be, this updated whitepaper delves into what Fintelum has to offer.
The platform functions as a modular codebase, allowing for customizable offerings to be hosted, while retaining the flexibility to ensure regulatory compliance.
*It should be noted that while Ethereum was chosen as the blockchain upon which this platform was built, transition to another is easily possible.*
Features and Compatibility
In addition to outlining a step-by-step of a hypothetical issuance processes, Fintelum has broken down the features and compatibility standards of their platform for interested parties.
The following features are only a few of those incorporated into the platform, which have been designated a requirement under European Union laws.
- Verification
- Transferability
- Categorisation
- Splitting
- Whitelisting
Fintelum concludes this document on an optimistic note regarding the work they have completed.
“With this paper, we at Fintelum hope to have achieved our contribution to the overall tokenisation industry advancement. We are conscious that our proposed implementation is one of several possible. And we anticipate there will be others.
It is, however, most notable to demonstrate our understanding of the business and legal requirements to justify the security token implementation.
If our presumptions are correct, this standard implementation can serve as a benchmark for the industry at large”
For full details on what these features entail, make sure to read the whitepaper HERE.
Commentary
We reached out to CEO, Liza Aizupiete for comment on the release discussed here today.
Q: Can you briefly speak on the importance of this whitepaper release?
A: “With this whitepaper, Fintelum releases a set of formalised business and legal requirements necessary for a compliant blockchain-based transferable security instrument. If our assumptions are correct, the Fintelum STO implementation could serve as a benchmark for the capital markets industry at large. Although there are differences in securities laws across boarders. The Fintelum STO implementation follows regulatory requirements based on the EU law.”
Q: Where does this leave Fintelum moving forward now that the public has been afforded transparency into your STO operations?
A: “The importance of transparency cannot be underestimated, especially when it comes to public fundraising. For Fintelum, it is crucial to showcase our business and legal concepts, for which we also have full infrastructure built around. Investors that choose to invest in assets tokenised with Fintelum STO implementation will benefit from being compliant with the prevailing securities laws and thus protected.”
Fintelum
Based in Estonia, Fintelum was first launched in 2018. Above all, the team behind Fintelum has set out to develop a suite of services tailored towards the digital securities sector.
Managing Director, Liza Aizupiete, currently oversees company operations. We were fortunate to have recently interviewed her, gaining insight on, both, Fintelum and the industry at large. Check out the following article to learn more about what they are doing to help the growth of the sector.
Interview Series – Liza Aizupiete, Managing Director of Fintelum
In Other News
The digital securities industry is still a nascent one, with many hurdles yet to be cleared. Fintelum’s very own Liza Aizupiete recently penned a series of articles discussing these challenges, and what is needed to overcome them.
When any Asset Becomes a Digital & Immutable Proof of Ownership
STOs vs. Crowdfunding, ICOs & IEOs
