Connect with us

Security Token News

Kriptomat to Become Second Security Token Offering Through DESICO

mm

Published

 on

Kriptomat to Become Second Security Token Offering Through DESICO

Service Usage

DESICO has just announced another security token offering, set to take place on their platform. In the coming weeks, investors will have the opportunity to purchase digital securities issued by Kriptomat.

This announcement marks the second external, and third overall, STO to be announced by DESICO. The first being their own, the second by Paysera, and now Kriptomat.

Both the Kriptomat (May 9th) and Paysera (April 30th) security token offerings are scheduled to commence in the coming weeks.

Kriptomat has chosen the STO route, as they believe an invested user base will make their product more likely to succeed. A user base that stands to benefit from the growth of the platform, and isn’t disconnected from the success of Kriptomat, is more beneficial to all parties involved.

Commentary

In their released statement, the CEO of both, Kriptomat and DESICO, commented on the forthcoming security token offering discussed here today.

Srdjan Mahmutovic, CEO of Kriptomat, stated,

“We’re making digital currencies extremely easy to use and manage by making it simple to buy and also by giving users a wallet to manage their crypto that resembles and functions exactly like a mobile banking app.” 

We reached out to Kriptomat, and inquired about their decision to utilize DESICO for hosting their STO. Srdjan Mahmutovic indicated that while their search entailed looking at various companies, DESICO was simply ‘the best fit for us’.

Laimonas Noreika, CEO of DESICO, stated,

“We feel this is a fantastic opportunity and perfect match for our technology. Kriptomat is a great product, built by an experienced team with a superb track record and huge ambitions.”

Kriptomat

Kriptomat is a Slovenian company, which was founded in 2018. The company functions as a cryptocurrency exchange, which is tailored towards users of all experience levels. Kriptomat currently caters towards the European market, with support for the entire European Union. This is made possible through licensure maintained within Estonia.

Company operations are overseen by CEO, Srdjan Mahmutovic.

DESICO

DESICO is a Lithuanian company that was launched in 2017. The company has a comprehensive offering of services such as a crowdfunding platform, security token exchange, and a crypto-fiat payment system.

Company operations are overseen by CEO, Laimonas Noreika. Under his watch, DESICO successfully underwent their own STO in 2018. During this event, the company successfully raised their goal of $1 million in funding.

For a more detailed look at DESICO, and what it is they offer, make sure to visit our token listings page HERE.

In Other News

Beyond STO announcements, DESICO has been busy on all fronts in recent months. This includes various partnership announcements, in addition to offering STOs. The following are a few articles detailing some of their actions in this time.

Paysera to be First STO launched through DESICO

DESICO to Combine Forces with Securitize

DESICO partners with Blocktrade

 

Spread the love

Joshua Stoner is a multi-faceted working professional. He has a great interest in the revolutionary 'blockchain' technology. In addition to this, he is a licenced Paramedic in Nova Scotia, Canada. As such, he can provide emergency care/medicine to any situation necessitating it.

Security Token News

Stellar Chosen by Wevest for Security Token Offering Platform

mm

Published

on

Stellar Chosen by Wevest for Security Token Offering Platform

Blockchain Choices

Wevest announced their decision to utilize Stellar as a platform for issuing digital securities. This announcement was made after what was called an ‘extensive diligence and testing’ phase, determining which of the industry’s various offerings best suited the companies goals.

With wevest catering towards SMEs, this decision was made, as it will lower the barriers of entry for attaining capital. Stellar provides the wevest STO platform with a scalable solution, which is diverse enough in its functionality to allow for the integration of compliance measures as well. This includes KYC, AML, and more.

Commentary

In their press release, representatives from, both, wevest digital and Stellar, took the time to comment on the development discussed her today. The following is what each had to say on the matter.

Didier Goepfert, Head of Product at wevest, stated,

“Stellar was an obvious choice — it combines simplicity, speed, cost efficiency and met all our requirements. We are glad to join the Stellar ecosystem along with several other European companies, contributing to the adoption of blockchain-based products and providing SMEs with easy and efficient access to equity financing through electronic securities.”

Boris Reznikov, Director of Partnerships at Stellar.org, stated,

“We’re thrilled for wevest to become the latest German fintech to join the Stellar ecosystem…wevest’s investment platform takes advantage of what the Stellar network does best — facilitating the efficient transfer and exchange of value — and we look forward to the upcoming launch of their platform.”

Wevest

Wevest is a German company that was founded in 2018. Wevest specializes in offering a variety of banking services to small and medium sized enterprises (SMEs). These range from corporate finance to wealth management, and now the facilitation of security tokens offerings.

Operations are overseen by Managing Director, Jens Siebert.

Stellar

Stellar is one of the world’s leading blockchains. Firmly entrenched in the top ten assets (per CoinMarketCap at time of writing), Stellar is a fast, versatile solution. This popular blockchain allows for the use of smart contracts, cheap fees, and high speeds; A perfect trio of attributes for a company like wevest.

Stellar has seen major adoption over the past year, by various major companies. One case of note, is IBM – a partnership seemingly headed towards great things.

In Other News

Stellar is only the latest in a line of blockchains seeing adoption by the digital securities sector. While most platforms utilize Ethereum for their smart contract needs, we have seen the usage of others like Ravencoin, TRON, and others. Here are a few articles which relate to a few of these blockchains in use.

Swarm Announces Collaboration with TRON

TokenizEU Chooses Ravencoin for Security Tokens

Spread the love
Continue Reading

Security Token News

Vtoken Exchange Celebrates SEC Filing in Time Square

mm

Published

on

Vtoken Exchange Celebrates SEC Filing in Time Square

The largest decentralized exchange in the world, Vtoken, obtained its SEC filing from the United States Treasury Department this week. The firm took to the world-famous NASDAQ billboard in Time Square to celebrate the move. This is the second time the company graced this iconic attraction seen by millions. Also, the move symbolizes further blockchain integration into traditional securities markets.

Speaking on these developments, Vtoken’s Chief Advisor to the Asia Pacific Region explained how his firm plans to cultivate a robust blockchain ecosystem. He took moment to discuss recent global developments in the security token space. Specifically, he touched on how both Chinese and American markets experienced a huge surge in blockchain-based firms.

Vtoken Platform

The Vtoken combines the regulatory protections found in the traditional securities markets with the efficiency of a blockchain -based system. The company offers transfer agents flexible solutions to many of the current issues plaguing the securities markets.

For example, traditional securities can take three days for trades to complete. This delay leaves investors in a less than optimal position. In contrast, Vtoken’s blockchain-based system can complete trades in a matter of hours. Consequently, the platform enables a more nimble trading experience.

Vtoken via Homepage

Vtoken via Homepage

Real World Experience

Vtoken is a unique hybrid of technology, compliance, experience, and professional customer service. The firm handles a wide range of clients but specializes in Regulation A transactions. To date, Vtoken’s clients include NASDAQ, NYSE, OTC-listed firms, IPO-issuers, and private investors.

Vtoken’s strategy is unique in that the firm created a complete blockchain ecosystem. Here, investors can get all the information they need to host a compliant STO.  The company offers a full range of solutions for both enterprise and private investors.  These services include pre and post token issuance and management, smart contract programming, and ownership protection.

The latter feature is unique to V-token. This functionality allows investors to restore lost or stolen tokens, an option not usually available in the blockchain space.  More importantly, Vtoken is now in a very exclusive class of decentralized exchanges registered with the SEC.

Vtoken

Vtoken shares many of its core developers with Ripple. Additionally, Vtoken utilizes graphene underlying technology. The token has a trading gateway that is similar to Stellar Lumens. This enables the platform to maintain optimal transaction speeds. Currently, Vtoken can process transactions faster than the third-generation crypto EOS.

Partnerships

Last month, Vtoken made headlines after forming a strategic partnership with blockchain payment platform PayDex. The PayDex platform functions on Vtoken’s public blockchain. The system provides global crypto settlement with support for BTC, ETH, VToken, USDT, VRT, YEC, EOS, LTC, and VUST. PayDex seeks to bring crypto payments to the masses through a simplistic mobile interface.

Vtoken Ecosystem

Vtoken’s all-inclusive approach to the market is crucial to its overall strategy. V-Token provides users with everything they need to become a player in the security token market. You can expect to see this firm continue to make headlines s the platform expands in the coming months.

Spread the love
Continue Reading

Security Token News

AlphaPoint and Elevated Returns to Develop Secondary Market

mm

Published

on

AlphaPoint and Elevated Returns to Develop Secondary Market

Secondary Markets

‘Making Illiquid Assets Liquid’ – That is the guiding sentiment behind AlphaPoint, a young company which utilizes blockchain to facilitate tokenization.

This idea is one step closer to becoming a reality, as AlphaPoint has just announced a partnership with Elevated Returns – A forward thinking company which specializes in real-estate.

In this announcement, the pair has indicated that they will be developing a secondary market for trading digital securities backed by real-estate. It is through secondary markets that traditionally illiquid assets, such as real-estate, will become easily tradable – all the while opening up fractionalized ownership, and opportunity for exposure to retail investors.

Elevated Returns will focus these efforts on Asian markets, following their expansion into the region roughly one month ago. At the time, the company acquired a large share in a Thai broker-dealer – a move allowing for them to commence operations through previously attained licensure.

Commentary

In their press release, Stephane De Baets, President of Elevated Returns, commented on this development. The following is what he had to say on the matter.

“Elevated Returns prides itself on our reputation as a pioneer in the digital securities space. To that effect, we have a policy to partner with the best in class companies across industry verticals; AlphaPoint’s technology solutions for unlocking digital asset liquidity are unparalleled. Having already demonstrated the capability to integrate with the token standard that we are developing on the Tezos blockchain, AlphaPoint was the clear choice to facilitate the adoption of our tokenized real estate initiatives.”

AlphaPoint

AlphaPoint is a United States based company that was founded in 2013. With their sights set on ‘making illiquid assets liquid’, AlphaPoint has successfully serviced global customer through their various service offerings.

Since opening their doors, AlphaPoint has seen their diligent work towards growth land them customers in 5 continents, to date.

Company operations are overseen by CEO, Salil Donde.

Elevated Returns

Elevated Returns is a United States based company, which specializes in investments surrounding real-estate. Recognizing the potential of digital securities, Elevated Returns operates with a goal of acquiring assets viable for tokenization.

One such example was the noteworthy tokenization of the St. Regis Resort; A high-end ski resort that successfully sold digital securities representing ownership within the resort, becoming one of the first to do so.

Company operations are overseen by President, Stephane De Baets.

In Other News

We have detailed developments pertaining to both AlphaPoint and Elevated Returns in the past few months. Check out the following articles to learn a bit more about what each of these companies has been up to in this time.

Laureate Digital Partners with AlphaPoint on New Security Token Exchange

Elevated Returns and Securitize to Utilize Tezos for Digital Securities

Spread the love
Continue Reading