Mash partners with Tokeny to launch €50 million STO
Mash Group PLC, a FinTech50 business specialising in consumer lending and pay later solutions has selected Tokeny to support their Security Token Offering as part of their EUR 50M equity round.
Pre-registration has begun today for the Security Token Offering (STO), with the round closing in December 2018. The STO is part of Mash’s broader equity round. Mash is also partnering with DLA Piper UK LLP as legal adviser and has selected Deloitte to support AML and KYC requirements.
Security Tokens offer many benefits, and are expected to make up 10% of global GDP – roughly $8 trillion by 2024. Tokenized securities represent assets – such as equity, debt/loans, or investment funds and reflect an expectation of future cash flows resulting from the activity of the issuer. Security tokens are therefore subject to financial security regulations, just like any other security.
Mash on the Partnership
James Hickson, Mash CEO, talked about the partnership, “As we looked at delivering Europe’s first STO, it was critical we worked with the right team. One of the great things about Tokeny is the talent they bring to the table, it’s not just about blockchain, it’s about fundamentally understanding the implications for digital securities. We’ve been hugely impressed, not only with the platform but the partnership and approach that Tokeny have brought to the table.”
Tokeny on the Partnership
Luc Falempin, CEO of Tokeny, commented, “Mash is a visionary in identifying the issuance of security tokens on the blockchain as a new way to reach investors. This is completely in line with Tokeny’s vision to deliver an end-to-end technology platform supporting the issuance and management of security tokens on the Ethereum blockchain. We aim at shielding the issuer from the technicalities of the blockchain and making the subscription process as simple as possible for their investors.”
Why Mash Has Launched a Security Token Offering
Mash CEO, James Hickson mentioned, “We continue to look for ways to innovate. When we considered how to approach our equity round, exploring the intersection of blockchain technology and the potential to tap into a new investor pool was interesting. ” says Hickson. “Specifically, we felt that expanding a traditional securities offering to include security tokens was a novel approach to the fundraising process by opening up the offer to a different kind of sophisticated investor that is interested in developing a portfolio of digital assets.”
The Luxembourg based fintech company, hosted at the Luxembourg House of Financial Technology (The LHoFT), is the market leader in delivering an institutional grade, secure end-to-end platform, allowing for the issuance and lifecycle management of tokens.
Tokeny provide a set of solutions, the T-REX (Token for Regulated EXchanges) infrastructure, to ensure native compliance at the issuance and trading of digital securities. Investors are guided through the necessary steps, including the necessary KYC and AML compliance checks, ensuring all participants are eligible for the investment. Dividends, voting, announcements, investor validation and other corporate events can all be managed from the Tokeny platform by the issuer or his agent.
Tokeny’s solutions leverage blockchain technology and couples it with decades of experience from the traditional securities world. Tokeny utilises this background to make the participation of any contributor in an STO transparent, accessible, and completely secure.
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Mash has been at the forefront of fintech innovation since 2007. We leverage our advanced proprietary algorithms, machine learning capabilities, and automated platform to deliver superior finance and payments solutions to thousands of customers every day. We work hard for a future powered by technology, making every transaction seamless, flexible and worry-free. Today, Mash is one of Europe’s leading fintech companies.
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