wevest, Stellar team up for security token solutions

Monday 22 April 2019 09:56 CET | News

Fintech-based investment company offering banking and financial services to SME’s, wevest, has decided to use the Stellar blockchain for its security token services.

wevest’s goal is to leverage Stellar’s protocol to make its transactions more secure and efficient, as well as to lower the barriers to entry for smaller enterprises to gain access to financial services. Some reasons wevest selected Stellar were its focus on the financial services industry, and its network’s simplicity, particularly in separating on chain operations, like ownership transfers, from off chain operations including KYC/AML.

Representatives of wevest believe that joining the Stellar ecosystem along with several other European companies, and contributing to the adoption of blockchain-based products, they provide SMEs with efficient access to equity financing through electronic securities. Through partnerships like Stellar and wevest, smaller businesses may have access to financial and investment resources to rival titans in their respective industries, creating new wealth generation opportunities.

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Keywords: wevest, Stellar, blockchain, partnership, security, Token, KYC, AML, transactions , financial services, transfers, off chain, SMEs, electronic securities
Countries: World