Great News For STO Mass Adoption
24 Jul 2020 — While #digitalsecurities seems to be taking centre stage as the go-to way to raise capital, Asia’s uptake is still slow compared to US and Europe. A scour on the web suggests only a handful of SEA’s STOs were launched in Singapore and Malaysia.
Still, the latest on GRIP (DIFC) • Investments, Dubai’s DIFC-based investment banking and wealth management firm’s, commencement in raising $10 million for a Japanese client on July 27, 2020, through the issuance of digital securities, marks the first major globally compliant digital securities offering in #MEASA. This is a key milestone for DIFC and Dubai and certainly great news for STO mass adoption. Source: ZAWYA
“In contrast to most global offerings of Digital Securities, which have been predominantly start-ups or early stage entities, this issuer is a matured entity with an established track record and tax paying entity from Japan” – V.Gowribalan (Gowri), CEO GRIP
“Innovation like this will propel economic development in the region and illustrates how DIFC is driving the future of finance” – Arif Amiri, CEO DIFC