Germany’s RISE AI Trading Company Set to Pioneer its Security Token Offering (RSE) in November
The cryptocurrency space in German has experienced significant growth since the beginning of 2018 just like in most tech savvy countries. A few days ago, RISE, a firm leveraging AI technology for trading financial assets made an announcement that they are venturing into the cryptocurrency arena. The move will see RISE diversify its operations away from old financial products trading.
Earlier on, the Munich-based company had said that they will launch a Security Token Offering (STO) in order to link investors with the trading proceeds. This is expected to pioneer at the beginning of November 2018 as we approach mid Q4.
The RISE digital token ‘RSE’ is built to ensure fair allocation of the profit realized from the AI trading competitive edge. Investors will receive dividends just like in securities as the company diversifies its operations to the promising cryptocurrency market.
RISE CEO & founder, Stefan Tittel, is an experienced entrepreneur who has built a couple projects which he eventually sold. Among the popular entities in the list include; the 2016 sale of Masterpayment, a start-up solving challenges with payment ecosystems was sold to Net1 Group. Stefan’s Crossgate was also acquired by SAP in which the serial entrepreneur was compensated over $200 million.
Basically, RISE has a simple goal of integrating AI features to cryptocurrency trading; this approach will help digital currency traders implement algorithms that can beat the price action of altcoins. The RSE tokes will be the profit sharing vehicle for interested investors once the project kicks off. They will receive their proceeds through financial institutions & selected third party funds.