The local startup company Finspot
has published the white paper for the first digital token approved by the Republic of Serbia Securities Commission.
The initial offering of the digital token called Finspot Factoring Token (FIN) will begin on June 15 at 9 AM and last for the two subsequent weeks, that is, until June 28, at midnight, the announcement says.
The Republic of Serbia Securities Commission approved for Finspot the publishing of the white paper for the initial offering of 35,250 FINs, of a nominal value of RSD 1,000 and a total issue value of RSD 35.25 million.
Finspot invites all interested investors to register and open their accounts at this link
as a preparatory step toward the initial offering of FIN tokens.
– Our team is very proud that we are a company that has launched the first Serbian digital token. We are sure that a large number of investors will recognize the numerous advantages of investing in FIN, such as the fact that investing in the token can secure very attractive returns. By purchasing the token and investing in the investment index, one in fact invests in part of the existing portfolio of the bought-out invoices of the company and acquires the right to a guaranteed yield set by the index in which the investment was made. Finspot uses the money from the investment in the portfolio to continue financing new invoices, enabling for companies a better access to the financing – said Davor Papac, the director of Finspot.
He also emphasized that all the money invested in Finspot tokens was used for the financing of the invoices of small and medium enterprises, whereby direct help was provided to these companies in surviving and financing their growth, also contributing to the entire economy of Serbia, it is added.
As a fintech company with a factoring license of the Ministry of Finance, Finspot has been operating in the local market since January 2021.