DaDepo project
Shortcomings:
Most of the world’s assets are not currently tradable. Depositories deal only with securities.
Digital assets are mostly not tradable and the reason is the inability of depositories to handle them.
The problem is that depositories are limited to too few different instruments.Exchanges and other trading places cannot reach the client because there is no bank-depot-exchange link that can be trusted and accepted by the bank.
Difference:
The most important difference is that we allow civil law contracts into the depository, which frees up the capital of entrepreneurs. We treat civil law contracts as legal instruments that are separate rights from their internal relations. This approach allows the owner of these rights to receive an additional benefit from and release their locked-up capital.
Out of the woods:
We have launched the Digital Assets Depository (DaDepo) project. (https://dadepo.com/)
Our job is to offer customers such a service where customers have the opportunity to register their wide range of instruments, and digital assets (example: NPL, DLT, FC) in the depository. Clients are banks, stock exchanges and economic agents who act as account managers.
Monopoly:
Depositories earn money from service fees and transaction fees.
Service fees are listing fees, information fees, contract fees, statement fees, etc.
The transaction fee is a prescentage of the transaction amount.
DaDepo intends to provide a low-cost service for asset securitization.
The costs consist mainly of IT, law, and customer service.
During the start-up period, the cost base also consists of extended management, marketing, and various activities necessary to bring the product to market.
Tools:
The DaDepo system was developed by Noblesse Commerciale OÜ. Development costs are currently covered through the owners’ other companies. Percival Software Ltd. has supplied us with the depository codes Depend and Hubble.
We project our costs in the first half of the year to be approximately 1.8 million euros. We will create the organization in the second half of the year and we will submit applications for activity permits. Therefore, we need an investment of 4.8 million euros.
Fixers:
Tõnis Hilep https://www.linkedin.com/in/hilep/
Sven Orro https://www.linkedin.com/in/sven-orro-4b534a80/
Core Development Partner: Percival Software Ltd. https://www.percival.co.uk/
Additional information on the blog https://hilep.com/
reg. nr. 12388378 km. EE101761374
Side 22, Tallinn 11622 Estonia
0001@estpak.ee
+3725078332
Hilep 