Stellar supports the DSTOQ tokenization platform

Credit: Stellar Foundation

The Stellar Development Foundation (SDF) announced a investment of $ 715,000 in cryptocurrency Stellar Lumens (XLM) in Liechtenstein fintech DSTOQ.

According to a press release, the organization in charge of the development of the blockchain network Stellar, the Stellar Development Foundation (SDF), carried out this operation via its new fund Enterprise fund ".

Founded in 2018 in Vaduz in Liechtenstein, DSTOQ had previously raised $ 1.7 million. The company's mission is to offer "micro-investments" in companies like Tesla or Amazon to "billions of people" thanks to its platform. tokenization network-based securities Stellar.

DSTOQ makes markets more accessible, connecting global infrastructure in an innovative way. We're really excited to see companies like DSTOQ taking our technology use cases to the next level, ”said JedMcCaleb, co-founder of Stellar.

With the funds raised, the FinTech intends to accelerate its development by Asia, particularly in Vietnam, and plans to take on new markets in Africa and Latin America.

This month, the Stellar Foundation announced to join the American lobby Blockchain Association to advocate for a policy that will allow blockchain to thrive in the United States

> A German bank tokenizes securities on Stellar