Financial News

Crypto Smart Search Platform FUNGRAM Obtained the STO License Issued by the US SEC

Recently, FUNGRAM, as a comprehensive blockchain enterprise serving the world, has obtained the STO digital financing certificate issued by the SEC, upon the approval of the US Securities and Exchange Commission (SEC) and. In further, FUNGRAM has also obtained the U.S. RIA (Registered Investment Advisor, that is, a consultant who specializes in providing investment advice to investors) investment consulting license. 
 
FUNGRAM has officially provided investment advisory services to all persons (regardless of nationality) who have a U.S. taxpayer identification number. It also means that FUNGRAM can legally and compliantly carry out investment consulting services for global investors under the supervision of the SEC. 
 
The RIA investment consulting license, a financial license issued by the SEC, is one of the top international financial licenses that require the applicant to pass the strict SEC qualification review, since SEC requires that RIA must protect the interests of their clients and do not deceive clients by improper means, and selflessly provide customers with valuable investment advice, while maintain integrity with customers and disclose information completely and publicly.
 
Currently, the SEC has approved 39 STO enterprises, and provided no guidance but supervision from approval to issuance. In the cryption world, the most representative of the blockchain companies that have obtained the STO license is Coinbase, which will be listed on the Nasdaq. The acquisition of dual financial license can also lead many blockchain companies in terms of legal compliance, making FUNGRAM parity with giants like Coinbase. 


 
(The official website of US Securities Regulatory Commission announced that FUNGRAM has obtained the STO license for filing)
 
 
Companies that want to obtain STO must pass the SEC audit, and the rigorous audit mechanism makes very few companies pass the audit, so STO has also become an important indicator for judging the professionalism of a company.
 
FUNGRAM's acquisition of the STO license will accelerate the legalization in the blockchain financial sector and FUNGRAM can legally provide investment consulting services for global investors. Based on the three major ecological sectors, DeFi lending system, encrypted index platform, and decentralized wallet, FUNGRAM will provide a smart and open financial application ecosystem with a low access threshold for everyone, and provide a fast channel for the commercialization of cryptocurrency. The native tokens FIT and FUN issued under compliance authorization provide more protection against risks for global cryptocurrency investors, and under the support of STO, form a sustainable and effective dual-token incentive system. 
 
In the future, by using FUNGRAM's mobile applications, users can quickly find 99% of blockchain applications in the world, or invest in other DeFi applications. FUNGAM focuses on search and navigation, the main channel entrance and can, like Google, open up the blockchain industry channel while implementing commercial applications to achieve dual harvest in both platform value and user reputation, i.e. bidding advertising and financial services. 
 
The mature Web3.0 tools and service agreements will attract more outstanding developers and applications to build an ecosystem together, and also accumulate more blockchain data and promote the need for more efficient access to effective data. In the long run, with the further expansion of blockchain applications, FUNGRAM will, in the future, provide indexes and services for such blockchain data as DeFi and Web3.0 in a decentralized manner, showing a relatively promising development prospect.
 
Thanks to the outstanding layout in blockchain industry around the world and years of intensive improvement in cryptocurrency compliance, FUNGRAM has made phased achievements through team’s unflagging efforts, and never ceased to advance. In the future FUNGRAM is committed to build a more complete intelligent navigation for blockchain and an open financial ecological environment, coordinate the upstream and downstream blockchain industry, and promote the sustainable development of blockchain ecology and distributed commerce together with international partners. 
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