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RISE Wealth Technologies has announced that they have secured a broker-dealer for their currently live security token offering. This role has been filled by Entoro Capital, and will see them provide their services immediately.
In their current STO, RISE has set out with a goal of raising $120 million in funding. These funds are being raised, as the company looks to fuel their continued expansion and product development.
For investors that take part in the STO, they will be rewarded with a variety of benefits.
- Regular Dividends garnered from various platform features
- 4% p.a. Extra Payback in addition to Profit Payouts
- Entitlement to Proceeds should RISE undergo an IPO
Upon making their announcement, representatives from each, Entoro Capital and Rise, took the time to comment. The following is what each had to say on the development.
James C. Row, Managing Partner at Entoro Capital, stated,
“RISE is led by serial-entrepreneurs with a strong management team and a proven track record, which was crucial to us…A strong confidence in the team is paired with a shared belief that the future in asset management will be technology-driven. This makes RISE a perfect fit for Entoro.”
Stefan Tittel, CEO of RISE, stated,
“We are excited to be partnering with Entoro who has proven to be an experienced partner for companies within the FinTech industry…Their strong cross-industrial network has for years been a valuable asset to many partnerships. With the Broker-Dealer Agreement for Capital Raise we anticipate a great deal of mutually beneficial opportunities and synergies for both companies – with most of these benefits accruing to our clients.”
RISE Wealth Technologies
RISE has operated since 2012, within Grunwald, Germany. Through the use of AI, the team at RISE have developed a set of trading algorithms. These are built to provide retail investors with access to professional style trading tactics.
CEO, Stefan Tittel, currently oversees company operations.
We recently covered RISE, as they look to raise capital through and STO. Check out the following article to learn more about this event.
Operating out of Houston, Texas, Entoro Capital is an investment bank that has shown great interest in blockchain technologies. This interest has led them to develop services and platforms such as OfferBoard, Entoro Xpress, and more.
Managing Partner, James C. Row, currently oversees company operations.
Strategic Partnerships Abound
This is not the first time that Entoro has played a pivotal role in an STO, or as half of a strategic partnership. The following articles discuss various examples demonstrating their rapid development and adoption as of late.