DigiShares recently signed up a new client, Faer Isles Distillery, Faroe Islands. We are working hard towards launch of their white-label platform for tokenization of whisky within the next weeks.
Faer Isles Distillery is a craft whisky and gin distillery startup on the Faroe Islands. For a craft distillery wanting to produce high-quality malt whisky and super-premium gin, the Faroe Islands in the middle of the North Atlantic are an optimal location. The salty, windy climate on the islands provides the perfect atmosphere for whisky maturation, and the surrounding nature provides the optimal botanicals for gin production. As a new whisky destination, the project has gained a lot of international coverage, e.g., in the largest whisky publication in the world, Whisky Advocate
Faer Isles Distillery received some initial funding and community support by offering membership in their Founders' Club. 1100 whisky and gin enthusiasts from 22 countries registered. Within the next month, Faer Isles will start their crowdfunding campaign, which will be issued as an STO offering digital shares as tokens. This will make them the first whisky distillery in the world to use the STO format and allow crypto currency payment for shares.
Faer Isles Distillery was founded by local whisky enthusiasts. Since then, a group of investors, business developers, and industry specialists have joined and formed the team behind the project today. Test production has been performed for a few years, and the first commercial products will be launched this year.
You can learn more about Faer by visiting this link