Fintech Mt Pelerin wants to popularize fundraising by tokenization

The market for STOs exploded, Bpifrance testified in 2019. Certain financial players, such as the Swiss Mt Pelerin, intend to profit by developing a stock tokenization solution. Several million euros have already been raised through the latter's service.

The ICOs (Initial Coin Offerings or “digital token issues”) enjoyed real enthusiasm until 2017. However, their number has dropped sharply since mid-2018. Other funding methods based on tokens are developing, however. This is particularly the case for STOs (Security Tokens Offerings, or “issue of digital financial securities”).

The adoption of these tokens by companies constitutes an opportunity for new actors of finance to emerge on an investment market dominated by the histories of the financial world. Fintech based in Switzerland Mt Pelerin thus hopes to find a place in this sector.

And the startup is very familiar with STOs since it thus raised almost 2 million euros in 2018 by digitizing 100% of its share capital in the form of tokens on blockchain, then by opening 5% of its capital.

This experience, Mt Pelerin turned it into a service to tokenize the stocks of other companies so they can raise capital. In a press release shared with Cryptonaute, the fintech specifies that to date four companies have thus tokenized their capital through its blockchain technology.

Flix Snip (video on demand platform), DizzitUp (decentralized digital service provider), FlipNpik (social network based on blockchain) and Multimodal Polo (infrastructure development) raised several million euros each thanks to an STO.

Thanks to these first illustrations of successful fundraising, Mt Pelerin above all wants to "democratize financing and investment" through the digitization of assets. Fintech is also developing an electronic wallet.

This will allow their holders to store, buy and sell the digital assets and cryptocurrencies they hold. Mt Pelerin also announces the development of blockchain-based "digitalization services for new sectors such as real estate and investment funds. "

STOs and tokenization of financial assets are among the technologies and uses of blockchain for which technological maturity is progressing rapidly. "The STO market has exploded", largely thanks to programmable finance, emphasized at the end of 2019 the blockchain pilot within Bpifrance, Ivan de Lastours.