Parketplast Ltd. Raises $1m by investment platform Finstore.by
<p> MINSK, Jul 16 - PrimePress. Parketplast JV Ltd. has raised $1 million via initial coin offering (ICO), selling the entire volume of fixed-income tokens placed on Finstore.by - the investment platform founded by BelVEB Bank, the bank said in a press-release. </p> <p> </p> <p> Parkerplast will use the investment to expand its activity in Belarus as well as in Russia, Ukraine and Moldova. Investors who have supported the Parkerplast project will be paid interest income on the invested funds twice during 2020. </p> <p> </p> <p> Currently, more than 1,500 investors are registered at Finstore.by, and the total volume of investments is about $6 million. The registered users have 10 offers of tokens with a fixed yield from Belarusian companies in various fields, denominated in four currencies (Belarusian and Russian rubles, U.S. dollars, euros) with a level of return of 5% to 18% per annum. </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. End </p>
2020-07-17
Primepress
Parketplast Ltd. Raises $1m by investment platform Finstore.by
MINSK, Jul 16 - PrimePress. Parketplast JV Ltd. has raised $1 million via initial coin offering (ICO), selling the entire volume of fixed-income tokens placed on Finstore.by - the investment platform founded by BelVEB Bank, the bank said in a press-release.
Parkerplast will use the investment to expand its activity in Belarus as well as in Russia, Ukraine and Moldova. Investors who have supported the Parkerplast project will be paid interest income on the invested funds twice during 2020.
Currently, more than 1,500 investors are registered at Finstore.by, and the total volume of investments is about $6 million. The registered users have 10 offers of tokens with a fixed yield from Belarusian companies in various fields, denominated in four currencies (Belarusian and Russian rubles, U.S. dollars, euros) with a level of return of 5% to 18% per annum.
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. End