FINSTORE.by platform issues Belarus Rail tokens worth $5m
<p> MINSK, Aug 26 - PrimePress. The state company Belarusian Railways (Belarus Rail) has issued tokens worth $5 million on Bank BelVEB’s investment platform FINSTORE.by, the bank’s press-service said in a statement. </p> <p> </p> <p> Each token has a par value of $100 and an investor yield of 7.5% per annum. The tokens have a circulation period of three years and there is an option for early redemption at 100% every six months starting from 1 September 2022. </p> <p> </p> <p> The Finstore.by platform was created by BelVEB Bank in early 2019. Since October 2019 Finstore.by has been operating in the legal regime of the High Technology Park (Hi-Tech Park) in accordance with Decree #8 "On the development of digital economy" by the President of Belarus. </p> <p> </p> <p> The platform is authorized to provide ICO services, act as a cryptoplatform operator, and provider of token services. </p> <p> </p> <p> The number of users registered at Finstore.by exceeds 4,100 and the amount of investments raised has exceeded $28.3m. The service is available from anywhere in the world 24 hours a day, seven days a week. Both individuals and legal entities of the Republic of Belarus are entitled to purchase tokens issued by Bank BelVEB. </p> <p> </p> <p> Bank BelVEB was registered by the National Bank of Belarus on December 12, 1991. Russia’s Vnesheconombank holds a 97.52% stake in Bank BelVEB; Minsk City Territorial State Property Fund – 2.29%. BelVEB belongs to the Tier 1 Group of banks. End </p>
2021-08-27
Primepress
FINSTORE.by platform issues Belarus Rail tokens worth $5m
MINSK, Aug 26 - PrimePress. The state company Belarusian Railways (Belarus Rail) has issued tokens worth $5 million on Bank BelVEB’s investment platform FINSTORE.by, the bank’s press-service said in a statement.
Each token has a par value of $100 and an investor yield of 7.5% per annum. The tokens have a circulation period of three years and there is an option for early redemption at 100% every six months starting from 1 September 2022.
The Finstore.by platform was created by BelVEB Bank in early 2019. Since October 2019 Finstore.by has been operating in the legal regime of the High Technology Park (Hi-Tech Park) in accordance with Decree #8 "On the development of digital economy" by the President of Belarus.
The platform is authorized to provide ICO services, act as a cryptoplatform operator, and provider of token services.
The number of users registered at Finstore.by exceeds 4,100 and the amount of investments raised has exceeded $28.3m. The service is available from anywhere in the world 24 hours a day, seven days a week. Both individuals and legal entities of the Republic of Belarus are entitled to purchase tokens issued by Bank BelVEB.
Bank BelVEB was registered by the National Bank of Belarus on December 12, 1991. Russia’s Vnesheconombank holds a 97.52% stake in Bank BelVEB; Minsk City Territorial State Property Fund – 2.29%. BelVEB belongs to the Tier 1 Group of banks. End