DESICO operates a global EU based platform for fully compliant issuance of tokenized securities. Now, the firm has partnered with Kriptomat to carry out the second successful Security Token Offering (STO) on its platform starting from May 9, 2019. Previously in February 2019, Paysera, an electronic money transfer firm became the first security token offering to be hosted on DESICO’s platform.

About the Kriptomat STO

DESICO owns crowdfunding platform which allows different firms to raise up to 5M Euros per year from retail investors. Tokens issued via DESICO platform represent real assets in the company. Further, the tokens are issued on the ERC-20 blockchain and have trading rules imprinted. Therefore, it will be very much possible to trade them on regulated exchanges.

Also Read: Russian Billionaire ‘Vladimir Potanin’ to Create Palladium Backed Tokens

Securities worth 1.8 million EUR will be available for sale in the upcoming security offering. The STO details are set to be released in the nearest future. The registration for sale is open, you can register for the sale here.

Headquartered in Slovenia, Kriptomat is  an online platform that enables people globally to quickly, safely and easily buy, sell and store digital currencies in the local language and with local support. The firm is fully licensed in Estonia and regulated under the EU legislation, ensuring the legal compliance of our service for the safety of our users. The company is a solid participant of EU distributed ledger technology (DLT) ecosystem that is also a founding member of the International Association for Trusted Blockchain Applications (INATBA), supported by the EU Commission.

Final Comments 

DESICO CEO Laimonas Noreika stated “The business model of Kriptomat platform is a great fit for STO, as users are in a unique position to drive the platform’s growth themselves. We feel this is a fantastic opportunity and perfect match for our technology.”

Srdjan Mahmutovic, CEO of Kriptomat commented “I strongly believe that crypto will evolve soon and will fuel the new economy, where everyone is in control of their money and everyone can transfer value between people and devices in real-time, in a way and time they choose.

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