SINGAPORE, — MEDSiS International announced today the formal establishment of KFinancial and the plans for a STO (Security Token Offering) in Singapore on May 1, 2020 with partner WTIA. This announcement comes after previous press releases of a partnership between both entities focussed on providing solutions for MEDSiS’ contracts in Brazil, Argentina, and around the world. The establishment of KFinancial is the culmination of a strategy that was announced by MEDSiS in December 2018 as the vehicle to encompass all of the MEDSiS payments programs.
“KFinancial has been part of our plans for years now, and this final step with WTIA allows us to bring our global payments opportunities to the masses through the initial STO, further strengthening our partnership with WTIA.”
– Joshua Dax Cabrera, CEO of MEDSiS
The two companies established the joint venture company, KFIN WTIA PTE, in Singapore to finalize the vehicle not only for their partnership, but also for the STO. While expectations were previously set by some on the STO revolving…