Securitize, a crypto startup that oversees the creation and issuance of blockchain-based digital securities announced today the release of tokens for popular newsletter business, Curzio Research.
The newly issued digital security, dubbed Curzio Equity Owners’s (CEO) token would represent an equity stake in the Curzio Research’s financial publishing analytics business, and open to accredited investors.
Participants can expect potential quality dividends coupled with other benefits such as owning an equity stake in an established growth company as well as exposure to a multibillion-dollar, high-margin industry.
Speaking in a release, Curzio CEO Frank Curzio expressed delight on his firm’s latest achievement by embracing tokenization, a concept that is set to change the future financial landscape.
Curzio specifically said,
“I’m excited to be an early adopter of digital securities, an industry that’s disrupting the traditional high-fee investment banking business model.”
Meanwhile, a representative from Securitize shed more light on how using their service can simplify the process of tokenizing formerly hard-to-access securities.
“Curzio did all the definition, and legal work, while Securitize did all the technical work to support the process of investor onboarding, as well as issuance and management of the security token, and the preparation of all smart contracts for the digital security,” the representative asserted.
Curzio is targeting a soft cap of $3 million and a hard cap of $12 million according to the company’s website. If “the minimum offering amount is not achieved, purchasers shall receive a full refund of their investment,” the firm confirmed.
In another news about token offerings, Stmarket.co reported last week that the United States Securities and Exchanges Commission (SEC) cleared Pocketful of Quarters (PoQ) to issue blockchain-based tokens without registration.