DESICO has a solution to some of the regulatory problems in the cryptocurrency market, especially in the area of fraudulent ICOs. 2018 is referred to by some as “the year of regulation”, with institutional money waiting to enter the space. DESICO looks to change that.
Even amidst current uncertainty and bear market price action, the first quarter of 2018 alone saw $6.3 billion raised from ICOs (118% of that which was raised in 2017). That number means very little to the mainstream public (and institutional investors) however. It was reported that “81% of ICO’s were Scams, ~6% Failed, ~5% had Gone Dead, and ~8% went on to trade on a exchange”, as explained by Sherwin Dowlat and Michael Hodapp of Satis Group (3/21/18).
DESICO is currently building a platform for the issuance and trading of Tokenized Securities, in full compliance with EU member state law, which will provide a safe and legally compliant solution for ICO investment.
Anthony Pompliano (Founder & Partner at Morgan Creek Digital Assets) describes Tokenized Securities as “digital assets subject to federal security regulations. In layman terms, they are the intersection of digital assets (tokens) with traditional financial products — a new technology improving old things”. Tokenized Securities provide the innovation of blockchain, matched with the backing and safety that comes with traditional finance.
There are several core beliefs held by the DESICO team, which have fueled their platform development. ICOs lack investor protection:
* No real shareholders rights
* Misleading information by ICO issuers
* Lack of transparency for post-ICOs
Moreover, ICOs face all sorts of frictions:
* Difficulty to interact with the conventional banking system
* Difficulty in being listed on crypto-exchanges
The DESICO platform will allow startups to build their token, and then offer that token to investors in a transparent way, with clearly defined returns and terms. This means that investors will have investment rights, back by legal compliance. Put simply, DESICO is getting rid of the atmosphere where ICOs run off with investor money, leaving behind no legal course of action possible for the investor. DESICO also gives startups a way to conduct business in an upstanding and safe manner, with protection for investors.
DESICO is the first ever platform to issue and trade Tokenized Securities in full compliance with the law. DESICO operates under the Law of Crowdfunding 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, the team 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 email@example.com, by phone at +370-623-91067
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.