Securitize has recently announced that is has paid out the first security token royalty payment for Lottery.com.
Lottery.com is an Austin-based platform providing digital media publishers with data feeds for all kinds of luck-based games across 35 countries. With just under 50 employees and a $9 million revenue, Lottery.com has chosen Securitize to handle their royalty payment.
Securitize is the first SEC-registered facilitator of royalty payments for Lottery.com's security tokens. Lottery.com first registered its LDCC security in 2019 via LDCC Universal PLC, becoming the first digital security issuer to provide its investors with royalty payments.
The entire royalty distribution process is undertaken digitally. Securitize deployed its latest DS protocol in order to distribute its royalty payments, which enabled them to provide investors and stockholders with a web link with which they can choose their form of payment, ranging from 120 fiat currencies to cryptocurrencies including USD stablecoins.
The CEO and Founder of Securitize, Carlos Domingo said:
This first payment is significant for all of us in the industry. It’s another great step in modernizing capital markets by enabling digital securities. We firmly believe the future of all assets is digital.
Matt Clemenson, CEO and Co-Founder of Lottery.com said:
Leveraging Securitize’s infrastructure for distribution of the dividend was a no brainer for us. They make it so easy to pay all of our token holders in the way that they want to be paid.
Securitize are set to capitalise on this milestone by cementing their status as a dependable fintech provider, showing that digitisation is a reliable path forward for legacy operators.