Paysera, a payment system in Lithuania, is partnering up with security issuance platform Desico to hold their own STO. The security token issuance will allow for crowdfunding and profit sharing among private investors.
Desico is gearing up to onboard Paysera, a Lithuanian payment system. The two firms signed a cooperation agreement recently. Pansea is planning to issue a security which will be linked to the future performance of Paysera. Ultimately, the goal of the STO will be to attract thousands of unique investors globally and achieve at least 2 million euros in funding.
Once the crowdfunding is finished, 10% of its proceeds will go towards the new security token holders. Paysera is even opening up a new subcompany, Paysera Investment, to better distribute their digital securities.
Paysera is actively looking to establish a foothold in the Baltic economy which is quickly modernizing and becoming more and more blockchain-friendly.
Only private investors will be able to be involved in the security sale. Several thousand investors are expected to participate and each investor will be able to invest between 100 to 7,000 thousand euros. Paysera also said that they are looking globally with their highest growth expected to be abroad.
Investments will go towards several purposes. Firstly, an electronic money license in Bulgaria is expected; active expansion in Romania is also planned. Developments in Paysera, the setting up of Paysera bank, and expansion of services are also crucial towards the firm’s success. The crowdfunding effort will prove to be a cornerstone for Paysera’s future developments, the firm says.
Desico, an emerging security token issuance company, will be responsible for making this STO a reality. The date of the planned security sale is yet to be announced.
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Image courtesy of Paysera.