Dusk Network Offers a Compliant, Scalable and Privacy-Oriented Protocol For Security Token Issuance. The Dusk Standard Can be Used by Companies to Create Security Tokens on Top of Dusk Blockchain

LUXEMBOURG, Dec. 19, 2018 (GLOBE NEWSWIRE) -- Asset Management Fund Olymp Capital today announced an investment in Amsterdam-based Dusk Network, the first cryptocurrency protocol that satisfies the entire Security Token Offering (STO) regulatory framework on the blockchain at a fraction of the cost. Thus, the Dusk Network is aiming to become the “Ethereum network” of STOs, with Dusk Token used as the standard for STOs, in the same way Ether Tokens (ERC-20) are used for ICOs. Olymp Capital will work closely with Dusk Network to deliver STO value for clients.

Dusk Network enables investors to exchange data privately and transfer ownership assets (e.g. security tokens). It implements a real-time payment channel (a pay-as-you-go model) and rapid peer-to-peer data communication. The company has developed a framework that appeals to traditional and institutional investors, who cannot invest easily due to legal structures, creating an opportunity for Dusk Network to become a favored destination for STOs, as a one-stop shop platform to issue security tokens, with easy and fully compliant onboarding. Dusk aims to create a viable security token market and bring together businesses, regulators, and financial institutions.

As a part of its collaboration with Ethfinex, Dusk Network opens access for Ethfinex and Bitfinex users to a private sale. Dusk Tokens will be listed on both Exchanges (Bitfinex and Ethfinex).

Co-founder and CEO of Olymp Capital, Christophe de Courson, said: “The Dusk Network team has created a technology that adapts uniquely to the needs of STO investors, and we see tremendous upside from their infrastructure.”

Dusk Network marks Olymp Capital’s third investment, after Nodle.io and Yeay GmbH’s WOM Protocol. Each investment represents Olymp’s thesis in sustainable businesses; Nodle.io represents the first and largest Internet of Things (IoT) network of its kind; WOM is the first word-of-mouth marketing platform for reaching fans via cryptocurrency, and Dusk is the first protocol to satisfy the entire STO regulatory framework. Olymp seeks to offer a full product suite for its investors – whether in equity or not.

Dusk Network maintains strong partnerships within the ecosystem: Blockventure coalition, Switcheo Network, GSR, and Blonde 2.0 – which should drive fast growth of its community.

Jelle Pol, CEO of Dusk Network said: “Through its strategic investment in Dusk Network, Olymp Capital has taken a foundation position in shaping the future of Security Token markets – a widely anticipated new digital asset class.  We want to elevate the community around STOs, and Olymp Capital represents an investor that is steeped in cryptocurrency innovation, so we have a strong partner to help us realize our vision for this market.”

About Dusk Network

Dusk Network is the first cryptocurrency protocol that satisfies the entire Security Token Offering (STO) regulatory framework on the blockchain at a fraction of the cost. The company’s technology provides the first protocol that satisfies the entire STO regulatory framework on-chain, at a fraction of the cost, and is decentralized, automated, scalable, confidential and compliant. Dusk Network will list on both Ethfinex and Bitfinex. The company is headquartered in Amsterdam, the Netherlands. More information can be viewed at http://dusk.network.   

About Olymp Capital
Olymp Capital is the first asset management firm in Europe to cover all the blockchain and crypto asset classes ecosystem. The firm is headquartered in Luxembourg and is comprised of experts in traditional finance and the blockchain ecosystem. The fund accepts investment both in fiat and crypto currencies. For more information, visit www.olymp.capital.

EDITOR’S NOTE: If you would like a color photograph of Christophe de Courson, CEO of Olymp Capital; Jelle Pol, CEO of Dusk Network, or Olymp Capital or Dusk Network logo files, please contact Chris Pfaff on chris@chrispfafftechmedia.com or +1-201-218-0262.