Stellar Invests $715k XLM In A Blue-Chip Stock Tokenizing Platform Targeting Emerging Markets

2020-2-28 17:45

The Stellar Development Foundation (SDF) announced on Feb 26 that its Enterprise Fund will make an investment of $715,000 in XLM tokens towards, DSTOQ. This decentralized project based on Stellar’s blockchain focuses on the tokenization of bluechip stocks.

DSTOQ’s strategy is to make big stocks like Google and Apple available to any investor who wishes to purchase them globally. The firm is optimistic that this approach to stock investments will give them good leverage to tap into emerging markets

Big News: @DenelleDixon announces SDF's first enterprise fund investment in DSTOQ #stellar #blockchain #stellarfamily pic.twitter.com/qsHaHfTUGv

— Stellar (@StellarOrg) February 26, 2020

This investment by SDF marks a big milestone for DSTOQ as it is the first project to receive financial support from the foundation’s enterprise fund. Stellar’s Executive Director and CEO, Danelle Dixon, through a video on twitter noted that DSTOQ’s approach in scaling financial services is close to what they have in mind;

“DSTOQ’s sharp focus on cross-border investing and their unique approach to helping people in emerging markets to gain access to investment opportunities abroad speaks directly to our mission at SDF.”

DSTOQ, a Liechtenstein domiciled company, has since acknowledged that SDF’s support will come a long way in the realization of its vision. The company’s C-founder and Director, Craig McGregor, interpreted this as a vote of confidence from Stellar;

“Together, DSTOQ and SDF aim to improve financial inclusion in markets that desperately need better access to global products.”

The Emerging Markets Niche in Token-Based Financial Services

Blockchain tech has been touted as a game changer for developing economies given their existing structural inefficiencies. With the emergence of smartphones, DSTOQ and other blockchain innovators are leveraging tokenization in a bid to increase financial participation within these ecosystems. The company’s initial seed round when it launched in 2018 amounted to $1.86 million.

As of press date, DSTOQ plans to pioneer its product in Vietnam and later into Africa’s developing markets. The firm is also in talks with Europe based banks although their strongest prospects are currently in the Asian market.

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Stellar (XLM) на Currencies.ru

$ 0.1096 (+0.03%)
Объем 24H $50.699m
Изменеия 24h: -1.53 %, 7d: -4.90 %
Cегодня L: $0.1095 - H: $0.1119
Капитализация $3.169b Rank 37
Цена в час новости $ 0.058648 (86.88%)

stellar xlm tokens investment make towards 715

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