The ARYZE co-founder and CFO talks about ICO’s and STO’s in a new major interview with coinisseur.com.
Morten Nielsen is the CFO and co-founder of ARYZE, and with his experience from top positions at JP Morgan and UBS he was responsible for the structure of the company’s initial funding round.
This lead to the first successful ICO out of Denmark and in a major interview with Coinisseur.com Morten Nielsen explains why ARYZE chose to do an ICO out of Denmark.
It had a lot to do with the basis of our core products and what we want to deliver in the future. Trust, non-corruption, a system you can trust were a strong starting point for us to do an ICO in Denmark. That was deliberate. We could have done it somewhere else, and we could have done it much faster somewhere else, but it was also an exercise in persuading investors, contributors, and traditional angel investors, and differentiating our offering from a normal equity offering — what are the cons, what are the pros, and where are the big differences, etc. When we explained the differences between how we approach this compared to other people, and we started talking about investor protection versus legal requirements, then it became obvious to them that this might be a good way to finance companies in the future.
In the interview Morten Nielsen also defines ARYZE.
We want to create digital cash. A platform for digital cash, which becomes programmable money, which means that you can use them for any Fintech application living in the cloud.
The first thing in the engine room is digital cash — a true representation of cash in digital form, which then can be moved around the world on a Hyperledger, Stellar platform, etc., at almost zero cost, around the world
We are a facilitator of money movement. We don’t lend money, we just move money around, that’s the difference. We don’t engage in any direct banking or financial activities ourselves. We’re more in the e-money license category.
Find the whole interview right here.