PUBLICATION
February 27, 2019

Fintelum Goes Live with Security Token Platform

#STO
#compliance
#cryptocurrency
Joshua Stoner

Platform Launch

It has recently been announced that development has been completed on the Fintelum Platform. Recognizing the enormous potential surrounding the digital securities sector, the team at Fintelum set out to service this industry. The resulting product from their efforts is a polished ‘toolkit’ that facilitates the ICO/STO process for token issuers, in a regulatory compliant manner.

Services Offered

Through their platform, Fintelum is able to offer a variety of services. Here are a few examples of what they have to offer.

  • Token creation via the Ethereum blockchain
  • KYC/AML compliance measures
  • Escrow/Custodian services
  • Transfer agent

As can be seen from the list above, the Fintelum platform is a comprehensive one, which strives to satisfy the needs of both token issuers and investors.

Licensing

To get where they are today, Fintelum underwent an approval process with the Estonian Financial Intelligence Unit (FIU), in 2018. Upon completion of this process, Fintelum was awarded multiple licenses.

License No. FVR000385

  • Providing services of exchanging a virtual currency against a fiat currency

License No. FRK000315

  • Virtual currency wallet services

The Team

Fintelum is comprised of multiple individuals well versed in the world of blockchain. Here is a brief look at those leading the way at Fintelum.

Liza Aizupiete – Managing Director

An alumni of the University of Geneva, Liza Aizupiete brings to Fintelum a wealth of experience from her time as the co-founder and managing directors of crypto exchange, Globitex. This experience is being leveraged, as she is tasked with overseeing product development, marketing, and various other company roles.

Arvis Ermins – Legal and Compliance Director

An alumni of the University of Latvia, Arvis Ermins brings expertise in both legal and regulatory environments. This expertise was garnered through past dealings with companies such as Deloitte and the Constitutional Court of Latvia.

Maris Kaneps – Director and Head of IT

As the former Head of IT at Globitex, Maris Kaneps transitioned to Fintelum alongside his colleagues discussed above. This transition saw Maris Kaneps maintain his role as Head of IT. He is well equipped for this position, as he holds a Master’s Degree in Engineering Sciences in Computer Systems.

Commentary

In their press release, Liza Aizupiete, Managing Director of Fintelum, took the time to comment on the development stating.

By advancing tokenisation of assets and businesses, we are precipitating the change in the capital markets and financial industry as a whole.
Liza Aizupiete
Managing Director of Fintelum

Fintelum

Fintelum is an Estonian based financial services company, which was founded in 2018. The company is comprised of like-minded individuals that saw the potential of the burgeoning STO sector, and set out to develop a product to service it.

With the platform launch discussed here today, the time is now for Fintelum to begin making waves, and onboarding token issuers.

Source: https://www.securities.io/fintelum-goes-live-with-security-token-platform/