Stellar Invests In Security Token Platform

The Stellar Development Foundation invested $715,000 in a decentralized DSTOQ platform based on the Stellar blockchain. The security token platform provides traders with access to traditional assets and cryptocurrencies.

The foundation's CEO and executive director, Denelle DIXON said DSTOQ's goals aligned with Stellar's strategic goals of making financial services more accessible. The DSTOQ blockchain platform has the ability to tokenize Apple and Google stocks and make them available to investors, regardless of their location in the world.

DSTOQ plans to use the investments of the Stellar Development Foundation to develop new technologies and finance the expansion of the platform to the markets of Vietnam and South Africa. According to DSTOQ representatives, the platform decided to use the Stellar blockchain in October 2018, saying that its consensus algorithm makes the protocol protected from 51% attacks.

Image courtesy of ICO Examiner