Electronic Arts founding team member Jeff Burton, Daily Fintech co-founder Dr. Efi Pylarinou, and European Commission advisor on alternative finance, Ronald Kleverlaan, have joined DESICO’s advisory team. DESICO is building the world’s first fully legally compliant platform to issue and trade security tokens.
Each advisor will assist DESICO in accordance with their previous expertise. Burton is DESICO’s Strategic Advisor, Kleverlaan its Crowdfunding Advisor, and Dr. Pylarinou its Fintech and Blockchain Advisor. Despite their different roles within the DESICO advisory team, each team member was primarily attracted to the platform thanks to its unique proposition of ensuring the issuance and trading of security tokens with full legal compliance.
What’s more, all of the DESICO advisory team agree with the wider crypto community that 2018 will be the year of the security token. As a result, they believe DESICO has arrived at the right time and it represents a “highly necessary step” for the blockchain, cryptocurrency, and ICO industries.
“Thanks to its solution of issuing legally compliant security tokens, DESICO is a highly necessary step for the blockchain, cryptocurrency, and ICO industries,” said Burton.
“I think the timing for DESICO is now perfect,” continued Kleverlaan. “Security tokens can now be standardized, plus we have seen the standardization of equity crowdfunding and how it has become very successful. I think DESICO will bridge the gap between ICOs and the traditional way of fundraising either through equity crowdfunding, business angels, or a traditional IPO.”
“In a highly regulated industry such as the financial industry, regulation determines the dominant technology to a large degree,” added Dr. Pylinarou. “DESICO is taking the necessary steps to build a platform that alleviates the current regulatory concerns, and it is setting new industry standards as a result.”
DESICO’s business model is set to disrupt the global $155 billion venture capital market by introducing security tokens through blockchain.
Blockchain experts and analysts agree that security tokens are the next megatrend in crypto and finance. They believe that only the lack of the necessary infrastructure and legal frameworks is what is holding back the widespread adoption of security tokens.
“DESICO is ahead of time and its competitors, because we already have the legal frameworks that allow ICOs and investors from around the globe to issue and trade security tokens. Moreover, we are building an end-to-end infrastructure, which is on its way,” said Laimonas Noreika, co-founder and CEO of DESICO.
DESICO will operate from Lithuania, a European Union member state and Eurozone country. According to a recent report by Tokendata, Lithuania ranks third in the world behind only the USA and China in terms of the total volume of funds raised via ICOs. More than $249 million has been raised by Lithuania-based ICOs so far this year.
The Ministry of Finance of the Republic of Lithuania, the Enterprise Lithuania business development agency, plus the Chairman of the Nordic Crowdfunding alliance, Dr. Rotem Shneor, have all endorsed DESICO and its endeavour to introduce the world’s first fully compliant security tokens platform.