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News

Transatlantic cooperation for financial inclusion

by Blocks99

7 months ago

Financial inclusion non-profit Stellar Development Foundation (SDF) has announced a US$ 750k strategic investment in Liechtenstein-based FinTech DSTOQ Group AG.

With a focus on financial inclusion, DSTOQ helps make investing accessible and affordable for people in emerging markets, through a borderless digital interface for security tokens built on the Stellar network, a global, decentralized open source blockchain. Through the DSTOQ interface, users have easier access to blue chip shares, such as Tesla or Amazon, as well as bonds, indices and commodities using fiat or cryptocurrencies.

DSTOQ’s first market will be Vietnam, followed by South Africa and other African, South American, and Asian developing countries. DSTOQ users require only a smartphone to access global financial markets, which thanks to Stellar’s infrastructure layer, makes the entire process not only more accessible but also more efficient.

Unlocking economic potential

Stellar Development Foundation CEO and Executive Director Denelle Dixon says of the investment, “At SDF, we seek to unlock the world’s economic potential by making money more fluid, markets more open, and people more empowered. DSTOQ’s sharp focus on cross-border investing and their unique approach to helping people in emerging markets to gain access to investment opportunities abroad speaks directly to our mission at SDF. Together, we hope to improve the lives of millions of people while simultaneously creating exciting new business opportunities.” SDF is the non-profit arm of San Francisco-based blockchain company Stellar. The Stellar network currently has over four million accounts.

Craig Mc Gregor, CEO and co-founder of DSTOQ, said, “We are grateful for SDF’s vote of confidence and continued support towards our shared vision of building and improving the global financial system. Together, DSTOQ and SDF aim to improve financial inclusion in markets that desperately need better access to global products. For too long these markets have been ignored – we look forward to changing that with this exciting technology.”

(Source: PR Newswire)

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