Depository Network Successfully Closed a Seed Round, Private Sale Is On
Depository Network DEPO is a blockchain depository service, allowing any lending institution globally to build separate depository platform and start accepting blockchain assets as a guarantee for loans.
The project was introduced to the public on May 18 2018, and has just announced that it collected the seed capital needed for project launch. According to CEO Svetoslav Dimitrov, “Private investors from banking and financial industries have invested 250 000 USD in DEPO, which gives us the funding needed to launch our first prototype, our Proof-of-Concept.”
What is DEPO?
DEPO is the infrastructure needed for modern lending. The world has gone digital. Assets have changed. Loan collateral should too. There is huge need to build adequate solutions for digital assets. What DEPO provides is:
- It allows 50 000 lenders worldwide to enter in crypto world.
- It improves liquidity of 100 million crypto holders.
- It supports different types of currencies and tokens.
Prototype is underway; Presale Funding Round is live and has already started to attract individual investors who contribute to the future development of the project.