Kriptomat has licenses which allow it to provide currency conversions including the exchange of a virtual currency against a fiat currency.
The company is headquartered in Slovenia and licensed in Estonia. The latter qualifies Kriptomat to be regulated under European Union (EU) legislation. Kriptomat is also a founding member of the International Association for Trusted Blockchain Applications (INATBA), supported by the EU Commission.
Now, the enterprise has decided to launch an STO which will go live on May 9th, 2019 on the Desico platform.
Read the interview with Laimonas Koreika, Desico CEO, to our Chief Editor here
€1.8 million worth of digital securities will be available during the initial offering.
According to Kriptomat CEO Srdjan Mahmutovic, the company decided to launch an STO because it enables users to purchase profit and revenue sharing securities. This, he believes, will spark a greater motivation behind users to help the company succeed.
Additionally, DESICO CEO Laimonas Noreika strongly supports the Kriptomat STO:
“We feel this is a fantastic opportunity and perfect match for our technology. Kriptomat is a great product, built by an experienced team with a superb track record and huge ambitions.”