Singapore. June 5 2019 – Standard Tokenisation Protocol (https://stp.network), a globally compliant open source standard and decentralised network for the tokenisation and issuance of any asset, announced today it will be conducting its initial exchange offering on Bittrex International.
Interested and qualified users can participate in the STP IEO via Bittrex International starting at 10:00 am EDT on Tuesday, 11th June. The token sale will end at 10am EDT on Tuesday June 12, or once the total supply is sold if earlier.
STP’s platform allows for the compliant and transparent tokenisation of any asset, improving the way digital assets behave and how individuals interact with them. Tokenised assets in the STP ecosystem are enabled with new asset features that eliminate the hassle of manual and labour-intensive back-end processes.
STP helps lower the barrier to entry for accessing digitally native assets by allowing for fractional ownership, thereby removing illiquidity discounts and creating flexibility for the assets.
“We’re very excited to be working with the Bittrex community,” says Mike Chen, Founder and CEO of Standard Tokenisation Protocol. “We decided to go with Bittrex because their community, like ours, is global, and the platform allows users to purchase more tokens in comparison to other IEO platforms. With the help of Bittrex, we will be able to unlock trillions of dollars of value using the STP-Standard.
In May, STP announced that it completed a $7 million fundraise from VCs including NEO Global Capital, BlockVC, and Alphabit. STP’s platform (colloquially called STP Networks) cleverly integrates an on-chain Compliance Validator to enforce region-specific regulations and KYC/AML due diligence activities between all transfer partners, ensuring compliance at the token level at all times.