Security tokens are becoming a megatrend thanks to the unique benefits and features they offer compared to blockchain, the most popular type of distributed ledger technology. Security tokens enable companies to digitize real-world assets, such as company stocks, commodities or real estate, in order to speed up trading processes and ensure a higher level of liquidity. DESICO, a Lithuania-based company, is currently working on a platform and ecosystem focused on security tokens and security token offerings (STOs) – a fundraising method similar to initial coin offerings (ICOs). The company hopes to lead the new industry once it goes mainstream.

DESICO claims that it is endorsed by Lithuania’s government agencies, such as the Ministry of Finance and the Ministry of the Economy. As we reported earlier, Lithuania is open to supporting this emerging industry by following in the footsteps on Malta.

We had the pleasure to get in touch with DESICO co-founder and CEO Laimonas Noreika, who shared his views on the security token space. Here is our short interview:

CV: Hi Mr. Noreika! What is the current situation with the security token market from your perspective?

Laimonas: The tokenization of assets is still in its early stages. Major tokenized securities players a…

This article appeared first on Cryptovest

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