Mt. Pelerin Release STO Launching Service Amidst Path to Full Banking
Mt. Pelerin has recently announced the arrival of their STO launching platform. This platform is comprised of a suite of services built to assist SMEs host a token generation event.
Mt. Pelerin has recognized the growth being experienced with regards to security tokens, and sought out to help fill a need in the growing industry. By making this move, and assisting SMEs, these companies will now have easier access to capital, while investors should experience high levels of liquidity on their holdings.
This move marks one of the first steps towards their larger goal of becoming a registered bank within Switzerland.
Mt. Pelerin has made it clear that they intend on offering a suite of services, allowing for them to act as a ‘one-stop-shop’ for their clients. The following are only a few of the services to be offered by them.
- KYC/AML investor onboarding
- Configurable compliance measures
- FIAT gateways
- Customization of security tokens
Practice what you preach
In an obvious display of belief in the technology, Mt. Pelerin underwent their own STO in 2018. This event saw the company issue digital securities representing 5% equity within the company. This global event saw Mt. Pelerin draw interest from scores of investors, bringing in over $2 million.
SMEs interested in utilizing the Mt. Pelerin platform can look to this STO to get an idea of what such an event can offer them.
While there are various companies offering comprehensive STO platforms, there are very few planning to become a bank for blockchain. While companies has strived for this in the past, most have pivoted down other avenues. For example, Estonian based, Polybius, now finds new success in their digital wallet platform – a departure from their original goal of developing a blockchain bank.
Some competing STO platforms are as follows:
In making their announcement, company CEO, Arnaud Salomon took the time to expand on the development. The following is he had to say on the matter:
“In addition to the technical aspects of security tokenization, we are able to conduct KYC/AML on behalf of our clients and offer fiat escrow accounts…A unique level of service in the blockchain space that companies would normally need to get from several expensive specialists, while we provide first-class expertise and due diligence in a single place…Our purpose is to service startups and SMEs with a comprehensive and professional tokenization technology easily and at a low cost.”
“Our framework allows for the flexibility and scalability required to provide total compliance for multiple jurisdictions and maintain it over the entire lifetime of a token as laws evolve.”
Operating out of Geneva, Switzerland, Mt. Pelerin is a blockchain company which was launched in 2018. The company is actively working towards their goal of becoming the first regulated blockchain bank in Switzerland.
Company operations are overseen by Founder and CEO, Arnaud Salomon.