Connect with us

Digital Securities

Securitize Partners with Vemanti Group on STO

mm

Updated

 on

Vietnam-Vemanti group - eloan - securitize

This week, the California-based FinTech holding firm Vemanti announced plans to host an STO in the coming months. The company partnered with numerous firms including the popular token issuance platform Securitize to ensure the crowdfunding campaign goes smoothly. The decision to host an STO showcases Vemanti’s forward-looking stance on the financial markets and blockchain technology.

In a recent press release, Vemanti’s CEO Tan Tran explained the company’s decision in detail. He described how an STO provides his firm with the most cost secure, effective, and inclusive method to raise capital globally. Also, he praised the company’s partnerships with Securitize and the Digital Securities Law Group (DSLG).

eLoan

Vemanti seeks to raise capital to further the investment goals in the eLoan platform. eLoan is a peer-to-peer lending platform. This Vietnamese-based firm focuses on small and medium enterprise (SME) and short-term loans primarily. The platform integrates advanced AI-algorithms and a proprietary credit system to facilitate a better UX.

eLoan is one of the only blockchain-based lending firms in Vietnam. Of course, the decision to invest in the firm makes perfect sense when you consider that Vietnam is projected as one of the fastest growing emerging markets in the world. Uniquely, SME’s make up 98-percent of the country’s businesses.

Discussing the partnership, Trung Vo, the CEO of eLoan explained how the agreement allows his firm to expand on their revenue streams and become the dominant force in the market. The Asian Development Bank predicted 6.8-percent growth this year in Vietnam’s economy. The growth potential for eLoan is huge if it can facilitate just a small portion of those business ventures.

Partnerships

For their part, Securitize handles the issuance and management of the tokens. DSLG is responsible for ensuring all the legal requirements are met. Securitize will integrate the regulatory requirements stipulated from DSLG directly into the token’s protocol. This integration ensures that the tokens remain compliant throughout their lifecycle.

Robin Sosnow via DSLG Website

Robin Sosnow via DSLG Website

Peer-to-Peer Lending

Peer-to-Peer lending platforms have become more common around the globe. These blockchain-based platforms allow investors and businesses to do business directly. This direct interaction creates a more favorable environment for both parties. As the first, and one of very few peer-to-peer lending platforms in Vietnam, eLoan gains the ability to direct the market as it emerges.

Vemanti Group Inc

The Vemanti Group Inc (OTC PINK: VMNT) specializes in investment and development of tech firms with high-growth potential. The company focuses on blockchain, AI, IoT, cybersecurity, and other emerging technologies. Vemanti’s success to date is because of their staff’s strong understanding of the emerging markets.

The firm’s CEO, Tan Tran, is no stranger to the FinTech sector. He has more than 25 years of experience in the high-tech sector including employment at Lucent, SMC Networks, Western Digital, and GenBand. This experience and network are critical in recognizing high-tech market trends.

Vemanti Continues to Make Smart Moves

The investment in eLoan seems to be another smart move on Vemanti’s behalf. eLoan has a distinct advantage due to its location and current market stance. Investors are sure to recognize these positive attributes and invest accordingly.

Spread the love

David Hamilton is a full-time journalist and a long-time bitcoinist. He specializes in writing articles on the blockchain. His articles have been published in multiple bitcoin publications including Bitcoinlightning.com

Advertiser Disclosure: Securities.io is committed to rigorous editorial standards to provide our readers with accurate reviews and ratings. We may receive compensation when you click on links to products we reviewed.

Trading Risk Disclaimer: There is a very high degree of risk involved in trading securities. Trading in any type of financial product including forex, CFDs, stocks, and cryptocurrencies involves a high level of risk.

This risk is  higher with Cryptocurrencies due to markets being decentralized and non-regulated. You should be aware that you may lose a significant portion of your portfolio.

Securities.io is not a registered broker, analyst, or investment advisor.