TokenMarket to Help DOVU Conduct STO

Token advisory service provider TokenMarket announced that it had reached an agreement with blockchain-oriented DOVU, which focuses on mobility use cases.

CEO Ransu Salovaara

According to the partnership, TokenMarket will support DOVU with its first security token offering (STO) event.

DOVU, a startup backed by Jaguar-Land Rover’s investment branch InMotion Ventures and UK non-profit organization Creative England, had its token sale event last year and secured $6.2 million.

The firm used the funds to build a token, wallet, and marketplace ecosystem revolving around mobility rewards.

Ifron Watkins, DOVU CEO

Earlier this month, DOVU announced its intention to sell 5% of its equity through an STO, which is planned for the first quarter of next year.

After the equity crowdsale, users will be able to hold both utility and security tokens, with the latter providing ownership rights.