Tokenized Securities Platform DESICO Announces Their Own STO

Spotlight

San Francisco, 22 October, 2018 – In a big announcement today, tokenized securities startup DESICO announced its plans for its official Security Token Offering (STO) of DESI tokens. Tokenized securities are currently gaining steam as the blockchain sector continues to mature.

DESICO is conducting a fully compliant STO as an EU member with all the necessary licences. Originally planning a utility token ICO due to regulations, DESICO is now able to pursue its STO following the acquisition of the necessary financial brokerage license. This license now allows them to issue security tokens for their own business and platform (DESICO).

By conducting an STO on their platform, using their own model, DESICO aims to show the public that they believe in their system and product, as well as its effectiveness. Conducting an STO for their platform allows DESICO to pave the way for its future clients, running its business on the same model that will be used for clients.

DESICO CEO and co-founder Laimonas Noreika explained in a recent interview, that “out of all the security token platforms, we are the ones who are doing our STO the same way that we promise we will do for our clients, who will be eligible to do the same in the future.” Mr. Noreika also mentions that the STO model being demonstrated for Desi tokens will be a great example for future clients to see how the process will look for them in the future.

DESICO’s STO crowdsale will begin on November 7th and will be classified as a Revenue Participation Note (RPN), with quarterly payouts to token holders. This type of security token does not constitute as ownership of DESICO but allows token owners to receive 12.5% of the total revenue earned by DESICO. (The total number of DESICO security tokens represents revenue sharing of 12.5% of DESICO’s total revenue. The number of tokens held determines how much of that 12.5% of revenue is paid out to the token holder.)

Using the RPN security model allows token holders to share in the profit and success of DESICO, without needing to give their attention to other shareholders rights, such as voting, etc.

DESICO will operate under a joint venture with Crowdfunding, Brokerage, and E-Money license holders. There will be no cap on revenue payouts for token holders.

About DESICO

DESICO is a platform to issue and trade tokenized securities in full compliance with the law. DESICO will operate under crowdfunding law, financial markets law, and the European e-money directive for the Republic of Lithuania, which allows ICOs to issue Tokenized Securities to raise capital. Using DESICO, ICO-funded businesses will also have the ability to oversee their funds in the form of crypto or FIAT. DESICO is currently in its fundraising period, with a team of experienced managers in the fintech and entrepreneurial space.

DESICO is based in Paris, and in Vilnius (the capital of Lithuania), which achieved the third most ICO capital raised in quarter 1 of 2018, with the U.S. and China having the first and second most capital raised. As for those who question DESICO’s choice of location, Mr. Noreika responds by stating that “several Fintechs (e.g., Revolut) are operating with licences out of Lithuania for EU passporting reasons.”

DESICO can be reached by email at hello@desico.io, or on social media on Facebook, Twitter, Telegram, YouTube, Reddit, or LinkedIn.

 

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