Utilis Ventures

Utilis Ventures

Created using Figma
Created using Figma

Last Update

Feb 8, 2020

This STO will create an emerging markets investment fund with the proceeds from the sale of the Utilis Venture Security Token. The fund will invest in the Ugandan commodities trading and securities industries and shall pay investors back their principal plus profit at a years end from the close of the offer through a token buyback. The STO and subsequent fund will serve to prove the validity of blockchain as an investment channel into the developing sub-Saharan markets.
Pre Sale
Feb 1, 2020
Feb 29, 2020
89% completed
Raised funds - no Data
Goal 2 500 000.00 USD
Cap 2 500 000.00 USD
  • 1 UVST
    1 USD
Token Details
Total supply
Token Distribution
The security token offering will happen through the DApp hosted on the Utilis Ventures website. for more information sign up to our Whitelist
Accepted Currencies
Min Contribution
Company Details
Registered Company Name
Registered Country
Company Founded
Jul 2, 2019
Additional Details
Yes , from Jan 20, 2020 till Feb 24, 2020

About Utilis Ventures

Utilis Ventures is a decentralised financial services startup located in Uganda, dedicated to filling the need for more inclusive and dynamic financial services in the emerging markets.


-Profit share/ payment of dividend: The profits generated by the fund will be used to pay token holders interest at the close of the fund

-Tradeable on the secondary market in case investors require liquidity

- Semi-annual progress report on the fund 


Technical Info

- fully compliant ERC20 token

-P2P secondary trading enabled 

Utilis Ventures Roadmap

  • Founded May 2018

  • We started our journey set on fighting financial inequality and trying to effect change on SDG 10c - reducing the cost of migrant remittance globally but especially in sub-Saharan Africa to 3%-5%.
  • July 2018

  • Begun Blockchain case studies and experimentation with the Stellar Blockchain
  • March 2019

  • Proposal development on diaspora solutions for Min, of Foreign Affairs Uganda.
  • May 2019

  • Discussion with regulators
  • Read More
  • July 2019

  • Incorporated Utilis Ventures as a Limited Liability Financial Services Company
  • August 2019

  • Interviews with Finance Industry Experts
  • September 2019

  • Development of DeFi solutions including design of Ethereum DApps
  • Christmas Day 2019

  • Whitepaper for STO published
  • Jan 2020

  • Launch of token on Rinkeby Testnet and whitelist signup
  • Feb 2020

  • Utilis Ventures Security Token offering
  • March 2021

  • Buy back of tokens with interest from investors


30 Days Growth:

Utilis Ventures Team

Verified 100%

Abraham Banaddawa
Allan Katongole
Blockchain & Software Engineer


Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Robert Kirunda

Utilis Ventures Interviews

Abraham Banaddawa
As a team member, сan you tell us about your role in the ICO project?
As the founder I designed and developed the project and I am currently incharge of the execution of the project and liaison with our partners and clients.
What do you think about idea?
I believe this project will serve as an excellent proof of concept and a great springboard to launch quality decentralised financial services in the region.
Allan Katongole
As a team member, сan you tell us about your role in the ICO project?
I am a Blockchain and Backend Engineer at Utilis Ventures. I also wrote the smart contract that is powering our first STO.
What do you think about idea?
This is a great idea towards revolutionalizing financial markets in Africa. Blockchain as a technology is bridging the gap especially in young markets like Africa.

Utilis Ventures Last News

5.0 16
STO Profile Vision Activity Potential Product Team
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