BAKU, Azerbaijan, Dec.6
By Natavan Rzayeva - Trend:
Uzbek Direct Investment Fund(UzDIF) and South Korean Kobea Group established mutually beneficial cooperation in attracting investments and implementing projects for issuing tokens during the meeting held on December 3, 2021, Trend reports via Uzbek media outlets.
Following the meeting parties signed an agreement, according to which UzDIF and Kobea Group will cooperate in:
- in assistance for the implementation of new projects by Uzbek companies aimed at attracting investments through the issuance and placement of tokens;
- in matters of promotion and sale of tokens issued by residents of Uzbekistan in international markets.
In conclusion, the parties decided to maintain an open dialogue and exchange of information to achieve the goals of the agreement, expressed their readiness to provide the necessary mutual technical and legal support, and also outlined promising projects for further development.
A token is a crypto asset in the digital world. The initial offer of tokens to investors is called the Security Token Offering (STO). Stock tokens are designed to attract investments necessary for the development of projects. Investors buy tokens in order to generate income and increase its value.