MADRID, July 20 (European press) –
Corporate payment solutions company Realisto has raised €200,000 in a round of token financing that has won the trust of its 30 investors despite the “crypto winter”.
Realisto investors have received what are known as ‘security tokens’ or value-backed tokens, which represent their position in the loan requested by Realisto during the funding round.
The company, which has offices in Palma de Mallorca, Dubai and the UK, will use the funds raised to access the capital required to renew its license as a Virtual Asset Service Provider (VASP) in Estonia.
Realisto’s goal with this license is “the ability to offer payments in cryptocurrency to allow its customers to have an alternative payment channel to the traditional financial system.”
This will allow companies using the service to significantly reduce the difficulty of managing payments with other companies that are from financially separate jurisdictions.
The round is tokenized by the Token City token platform. In a statement, Realisto explained that tokenizing assets through the blockchain “facilitates new funding channels, ensures secure investments, provides transparency, traceability, simplicity and reduces costs, as well as improves the liquidity of tokenized assets.”
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