Lykke is a fintech company, Lykke Vanuatu Ltd, designed for trading various classes of digital assets. It is an exchange of colored coins (issuer backed securities) where orders are collected and then matched to clients’ requests. The colored coins are built on the Bitcoin system. The matched orders are all cleared on the Bitcoin network while the unfulfilled ones are discarded. Note that the exchange does not own the traded coins; however, the traders need to trust it to make the right matches. Therefore, by assuming a basic level of trust in the trader means providing some collateral in the form of digital assets. The network employs the blockchain technology to help eliminate market inefficiencies that come with conventional exchanges.
With this tremendous growth and the widespread availability of crypto technology, STOs may soon be a viable way for most companies to raise revenue. However, some aspects of the STO bear a bit of explaining beforehand.
Lykke launches two new Crypto indexes: Smart LyCI, Pay LyCI and their associated service tokens, growing its series of products aiming to provide a simple path to the crypto market.
Binary issues securities-backed smart tokens, designed to protect investors by sticking to best practices of corporate governance, investor disclosure and transparency, during its ICO.
