RISE, a German-based software technology company specializing in the Artificial Intelligence (AI) financial trading technology space, today announced that it will move into the cryptocurrency market, pivoting the Munich-based firm away from traditional asset trading.
The company had previously announced that it will introduce a security token offering (STO) that will now start on November 1st, enabling investors to share profits with RISE.
The RSE token will pay investors quarterly dividends from profits earned directly from RISE’s trading algorithms as well as revenues from licensing with financial institutions and margin trading in funds that trade crypto assets.
Stefan Tittel, founder and CEO of RISE, a serial entrepreneur, sold automated business exchange company Crossgate to SAP in 2011 for more than USD $200 million and subsequently sold payment systems provider Masterpayment to Net1 Group in 2016.
RISE’s vision is to bring advanced algorithmic trading to cryptocurrency markets and make this highly profitable trading accessible to crypto investors via the RISE token (RSE). RISE investors receive regular payouts from RISE’s AI-powered ICO fund and licensing fees from banks and 3rd-party funds. RISE is based in Munich, Germany.