The Dusk network has unveiled the first STO to launch on its platform will be a Maltese real estate company looking to raise $24m next year.
A blockchain platform with ambitions to become the ‘Ethereum for STOs’ has announced the first security token offering for the protocol.
In a Crypto Briefing exclusive, Dusk Network (DUSK) said it will help the Maltese real estate company, BWRE, launch its STO on the platform. BWRE, which specializes in renovating and marketing short-stay lets, hopes to raise €21m – approximately $24m – in tranches. The company has already secured €5.5m.
The Dusk Network provides the technological framework for companies looking to launch a regulatory-compliant STO. Investors can communicate and exchange tokens on the platform; native DUSK utility tokens act as the standard, in the same way as ERC-20 tokens did for Initial Coin Offerings (ICOs).
