DSTOQ has announced that it has closed 715,000 dollars investment from Stellar Development Foundation (SDF), which marks their first investment from their enterprise fund.
This amount was paid in Stellar Lumens – XLM and was made through their new Enterprise fund.
What is DSTOQ? It is a FinTech company based in Liechtenstein that helps making investing accessible and affordable for people in emerging markets.
CraigMc Gregor, CEO 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.
You can learn more about SDF Mandate here.
DSTOQ will start working in Vietnam, and then in South Africa, followed by African, South American and then, Asian developing countries.
DSTOQ will require its users to use only a smartphone to access the global financial markets and since it makes use of Stellar‘s infrastructure layer, the entire process will be efficient and accessible.