Place/Date: Vilnius, Lithuania - May 18th, 2018 at 11:27 pm UTC · 3 min read
Contact: Vytautas Matulevicius, Source: DESICO
Many token sales these days issue utility tokens. However, they make promises to token buyers that only security tokens are able to deliver. For example, there are numerous token sale events that have raised millions of US dollars by promising part of their income or revenue to their utility token holders.
This is the reason why in mid-2017, the U.S. Securities and Exchange Commission, the SEC, began a crackdown not only on these borderline-fraudulent token sales, but also on the token sale industry as a whole.
This is why experts agree that security tokens are crypto’s next megatrend. Only the lack of necessary infrastructure is what is currently stopping their widespread adoption.
DESICO founder, Laimonas Noreika, said:
“Everybody in the blockchain community agrees that security tokens are the future of crypto. Unfortunately, the lack of legal frameworks and infrastructure to issue security tokens is why we do not see any security token crowdsales. DESICO will change this by creating the world’s first platform to issue, buy, and sell security tokens in full compliance with the law.”
The DESICO ecosystem will include a regulated crowdfunding platform to issue security tokens, and an exchange that will provide liquidity to security tokens issued via DESICO from day one. DESICO will also have a payment system based on the European e-money licence.
This means that it will able to provide token sales with IBAN accounts from the very first day they become listed on the DESICO platform.
DESICO has been praised by the Head of the Nordic Crowdfunding Alliance, Dr. Rotem Shneor, who tipped it to be a future “international champion” for equity crowdfunding.
Businesses from all over the world will be eligible to issue security tokens via DESICO. DESICO is conducting its global operations from Lithuania, a European Union and Eurozone member state.
This is due to Lithuania’s favourable crowdfunding laws and governmental support from institutions such as the Ministry of Finance of the Republic of Lithuania, and the Enterprise Lithuania business development agency. The DESICO platform is also subject to regulation from the Bank of Lithuania, which is under the control of the European Central Bank.
DESICO has assembled a team of international advisors who will bring a wealth of global experience from the fields of business development, crowdfunding, and technology.
Among them are European Commision Expert Advisor on Alternative Finance, Ronald Kleverlaan; Electronic Arts founding team member, Jeff Burton, plus global fintech influencer and Daily Fintech co-founder and author, Dr. Efi Pylarinou.
Disclaimer DESICO is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. Token sales are only suitable for individuals with a high risk tolerance. Only participate in a token event with what you can afford to lose.This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.