India’s First Security Token Offering(STO) to be launched by Olialia World
Updated: Oct 25, 2018
Security Token Offering(STO) are the new game changer in coming days. With more potential and benefits, STO may replace the term ”ICOs” and to be revolutionary the mechanism of Cryptocurrency.
The popularity of ICO’s in Cryptocurrencies have attracted major section of the IPO market. As regulators around the world continue to struggle to formulate an appropriate regulatory framework for cryptocurrencies such as Bitcoins and Ethereum, a new blockchain technology based financial products like —cryptocurrency/crypto-token powered Initial Coin Offerings (ICO)—which has gained popularity as a viable alternative to more traditional means of raising capital. Howeverthe rise of this technology-based means of raising capital were scanned by the European Securities and Markets Authority (ESMA), European Union financial regulatory institution and European Supervisory Authority,last yearalerted investors that there was ‘high risk of losing all their capital’ on ICOs.
While Initial Coin Offering (ICO) which is a fundraising process by launching coin on in any exchange but the Securities and Exchange Commissions has cracked – down many frauds and scams related to ICOs previous and this year as well. This gives an opportunity to the market to found a better & secure way of offering called – Security Token Offering (STO) to raise money through crypto in the cryptocurrency market.
Tokens offered in many of the ICOs don’t have any utility in the actual business ecosystem. These are called Security Tokens. A Security Token is backed by something tangible like the assets, profits, or revenue of the company. Participating in a STO (Security Token Offering) is similar to participating in an ICO. The only difference is the fact that the tokens offered in a STO are the Security Tokens and not the Utility Tokens.
One of the main benefits of issuing Security Tokens is that they abide by regulatory frameworks, which makes them cheaper and more efficient than offering Utility Tokens. A business that issue tokens that follow all regulatory compliances is less likely to experience interruptions from SEC (Security & Exchange Commission).
Olialia World, a European FMCG Giant is the first company interested in launching STO in countries like; Thailand, Maldives, Lithuania etc. wherein these countries are early adopters of digital currency based on Blockchain Technology. Indian markets are not ready yet for ICO/STOs in the absence of proper legal framework to securely manage the transaction complexity. The concept of STOs are wide and the big groups like Olialia World can effectively manage to take into the global markets.
Olialia Worldis a US$2 billion valuation company, with 85 different verticals. After acquiring large market share in Europe, now heading towards the Asian markets (India, Thailand, Maldives, Japan, Middle East etc.) wherein the business potential is high.
Olialia World Private Limited is owned by Billionaire Abhishek Verma Industrialist and his wife Anca VermaChairperson of Olialia World, who was formerly Miss Romania Universe.
Two days of detailed focused strategic meeting to launch STO held in New Delhi on 21-22nd Jul 2018. The meeting to launch STO in multiple countries (excluding India)was chaired by Abhishek Verma and Chairperson Olialia World Mrs. Anca Verma.
Members-
Dr. S. Krishna Kumar (Former Central Minister & President Olialia International Airport, Maldives) Mr. Modestas Kaseliauskas (Sr. Consultant Crypto & Blockchain) Mr. Bhupinder Ahluwalia (Finance Head – Olialia India) Dr. ChaisakSrisethanil (CEO – Olialia Thailand) Mr. Kshitiz Verma (CEO Olialia Coin) Mr. Abdul Gadir Ahmad (CEO – Olialia Maldives) Mr. Sanfu Jain (Sr. Financial Consultant – Olialia Group) Mr. Arjun Subburaj (CTO – Blockchain App Factory) Mr. Aditya (Blockchain Legal Consultant)