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Independent Audit Confirms Successful Implementation of 'Bankera' ICO
๐Ÿ‡ฑ๐Ÿ‡น Lithuania /Technology

Independent Audit Confirms Successful Implementation of 'Bankera' ICO

From Delfi · (7m ago) Lithuanian Positive tone

Translated from Lithuanian, summarized and contextualized by DistantNews.

TLDR

  • A legal audit by GTG Legal confirmed that "Bankera" has largely met the expectations set out in its Initial Coin Offering (ICO) whitepaper and participation agreement.
  • The audit found that "Bankera" fulfilled most of its time-bound and non-time-bound obligations, with remaining goals related to investment product development and international expansion actively underway.
  • "Bankera" ecosystem companies, operating under licenses in multiple jurisdictions and as members of Visa and Mastercard, have invested over 112 million euros in Lithuania by the end of 2025, paying over 23 million euros in taxes and creating over 230 jobs.

Delfi, a leading Lithuanian news portal, reports on the successful completion of a legal audit for 'Bankera,' a significant player in the fintech space. The audit, conducted by the esteemed Maltese law firm GTG Legal, validates 'Bankera's' adherence to its Initial Coin Offering (ICO) commitments. This is particularly noteworthy for our Lithuanian audience, many of whom are engaged with or interested in the burgeoning digital finance sector. The report confirms that 'Bankera' has not only met its obligations but is actively pursuing further development, including new investment products and international expansion. The article also highlights 'Bankera's' substantial economic contribution to Lithuania, with significant investments, tax payments, and job creation. From our perspective at Delfi, this news underscores Lithuania's growing role as a hub for innovation in financial technology. 'Bankera's' journey from an ICO to a licensed entity with global partnerships like Visa and Mastercard serves as an inspiring example of what can be achieved within our region. The emphasis on compliance and professional development, as noted by Martin St. Hilaire, a partner at 'Bankera,' reflects a commitment to building a sustainable and trustworthy financial ecosystem, which is crucial for fostering confidence among investors and consumers alike.

Bankininkystฤ—s ir finansลณ verslas, pasiลพymintis savo kompleksiลกkumu ir nuolat kintanฤia aplinka, reikalauja ne tik iลกtvermฤ—s, bet ir gebฤ—jimo iลกlaikyti aiลกkiฤ… kryptฤฏ. Rezultatai, kuriuos โ€žBankeraโ€œ jau pasiekฤ—, atskleidลพia ne tik komandos ambicijas ir ryลพtฤ…, bet ir aukลกฤiausio lygio profesionalumฤ… visose grandyse. Dลพiaugiuosi matydamas, kad โ€žBankeraโ€œ tapo sektinu pavyzdลพiu ne tik inovacijลณ, bet ir atitikties srityje,

โ€” Martin St. HilaireA long-time partner of 'Bankera,' commenting on the company's achievements, professionalism, and its role as a model for innovation and compliance in the complex financial sector.
DistantNews Editorial

Originally published by Delfi in Lithuanian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.