Timeless Luxury Group goes the extra mile with regulation for its security token
As Originally Published on cryptonewsreview.com
Swiss company Timeless Luxury Group, which specializes in luxury holiday villas, resorts, has announced its taking a new approach to regulation for its recently launched digital security offering (or DSO).
It’s working with two established US partners to ensure its DSO is compliant with the latest SEC guidelines, and can therefore be offered to accredited investors in the US.
Timeless’ first partner is TriPoint Global Equities, a broker dealer focused on Reg A+, IPOs, Private Placements and M & A, as well as Digital Security Tokens. Timeless is working with the online division of TriPoint called BANQ which will be acting as the lead managing placement agent for investors in the Timeless DSO.
Timeless’ second partner is Vstock Transfer, a New York City-based stock transfer and registrar firm servicing clients ranging from private companies to pre-IPO issuers to NYSE American, NASDAQ and OTC listed companies. Vstock’s security token division, Vtoken, is acting as Timeless’ SEC-registered transfer agent for the issuance and custody of digital securities.
Michael Gössl, CEO of Timeless said: “We have taken regulation very seriously with the DSO. It adheres to SEC guidelines, and we have worked closely with our partners to ensure we take appropriate measures to safeguard investors.
“We are also the first DSO in the US to use an SEC-registered transfer agent to ensure the process of investing is as secure and transparent as possible and the investors’ funds are safe. As an established business, we can’t cut corners or take risks with this process. That’s why we have committed to this fully compliant, regulated offering.
“With the Timeless DSO we bring together years of experience in high-end hospitality, an ambitious business plan for growth, and generous benefits to this one-of-a-kind security token.”
It’s about time the market got serious with regulation. With these additional measures in place, Timeless gives investors in its DSO extra reassurance – not just US investors, but international investors too.
