DESICO to Launch Security Token Offering on Nov 7

Cryptocurrency-focused startup DESICO said it would launch its security token offering (STO) on November 7. During the sale event, investors will be able to purchase DESI tokens, which will allow them to receive quarterly payouts.

Initially, DESICO planned to raise capital via an initial coin offering (ICO) involving a utility token. However, with confidence in the ICO space fading, the team opted for an STO instead. The company has obtained the required brokerage license to issue security tokens and make its STO fully compliant with EU laws.

The tokens DESICO intends to issue fall within the regulat…

This article appeared first on Cryptovest

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