STASIS is a Maltese startup, a blockchain platform that allows investors to tokenize any financial assets. Its regulatory compliant network of partners enables free interaction between off-chain and on-chain digital assets. The project aims to combine the potentials of the cryptocurrency market with the reliability of traditional fiat money.
STASIS offers a full-service tokenization platform, as well as smart contract creation, custodial services, third-party audits, and legal and regulatory expertise. It is fueled by a native cryptocurrency EURS.
A stable coin STASIS EURO
EURS is a stable coin launched by STASIS in June 2018. This is an EIP-20 standard token and it runs on the Ethereum platform. The key feature of this coin is that it is backed by the euro. It is linked to euro on a 1:1 basis, and it is the first stablecoin with the reserve balances being verified and posted to the public ledger by one of the Big Four accounting firms. The asset verification process has 3 levels, it takes place every week, and the company provides the quarterly audits as well.
As it is mentioned on the official website, EURS gives its users access to reliable currency, cross-border transactions, instant payments, and a stable store of value. Like with any other stable coin, EURS exchange rates may fluctuate slightly on a particular exchange, but the token is created in such a way that it allows to correct price oscillations. This ability forms the basis for the token medium- and long-term stability. There is no available information about ICO and crowd sale on the web as the company preferred to leave it private.
EURS’ key features and products
EURS makes it possible to tokenize not only the national currencies but other assets as well. This is one of the main features of the Stasis EURS token. The official website of the project claims that any type of asset with clear ownership can be tokenized. STASIS allows investors to transact freely between any registered security and EURS without a banking intermediary.
At the time of writing, STASIS is solely interested in fungible assets such as currency and stocks but encourages all the users to offer particular assets for tokenization, even non-fungible ones.
EURS token cannot be mined. In the majority of cases, the users purchase their EURS at ePayments and some exchanges, such as DSX, HitBTC, Ethfinex, etc. The company itself offers direct emissions to those who want to acquire a large amount of EURS as well.
STASIS provides a multi-currency wallet. In addition to EURS, it supports Bitcoin, Ether, and another stable coin DAI. Users can not only send or receive these cryptocurrencies but also exchange them between each other without leaving the wallet. Starting from November 2019, it is possible to exchange EURS to Euro (fiat) directly on the STASIS website.
STASIS as a company and EURS as an asset totally follow the Maltese laws. The company actively collaborates with the government of Malta on cryptocurrency legal frameworks.
Backed up by a team of cryptocurrency pioneers, the company was created in 2017 and registered on Malta in 2018. The project team mainly consists of Russian specialists. Gregory Klumov is the CEO and founder, and Anatoliy Knyazev is the CTO. They both were among the first Bitcoin investors, and Knyazev launched the world's first Bitcoin-only hedge fund in 2012.
Vyacheslav Kim is the CFO of the project, and he has more than 12 years of management experience in Strategic Management, Asset Restructuring, Corporate Development, and Finance.