Tokenized Securities Platform DESICO Announces Their Own STO

Tokenized securities startup DESICO announced its plans for its own 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 licenses. Originally planning a utility token ICO due to regulations, DESICO is now able to pursue its own STO following the acquisition of the necessary financial brokerage license which allows issuing of security tokens for their own business and platform (DESICO).

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

Laimonas Noreika, DESICO CEO and co-founder, explained 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 investors. 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 by the investor determines how much of that 12.5% of revenue is paid out to the token holder.)

Using the RPN security model allows investors 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.