DESICO tipped to be “international champion” for equity crowdfunding

Dr. Rotem Shneor, chairman of the Nordic Crowdfunding Alliance (Image: DESICO)

DESICO has been tipped to be a future “international champion” for equity crowdfunding by Dr. Rotem Shneor, chairman of the Nordic Crowdfunding Alliance, and affiliate researcher at the University of Cambridge’s Center for Alternative Finance.

In a letter of endorsement to the DESICO team, Dr. Shneor praised DESICO’s business model of issuing security tokens in full compliance with the law, and advocated DESICO’s aim of “addressing critical issues that have thus far marred ICO efforts in controversy.”

He wrote: “DESICO offers a solution for an ICO equity crowdfunding platform addressing critical issues that have thus far marred ICO efforts in controversy. By ensuring compliance, operating within existing legal frameworks and focusing efforts on investor verification, DESICO can emerge as a new breed for equity crowdfunding in Lithuania, with a potential to become an international champion as well.

Dr. Shneor also commended DESICO’s applying KYC/AML procedures to all ICOs wishing to be listed on the DESICO platform: “Thus far, to the best of my knowledge, very few organizations have been developing ICO solutions that have taken compliance and consumer protection as seriously as DESICO.”

Dr. Shneor’s letter of endorsement is the first of its kind for DESICO. The full version of the letter is available here.