Modulus to Use Security Token Issuance Platform Securitize to Power Compliant Trades
Modulus, a cryptocurrency exchange developer, has announced its intention to use Securitize, a security token issuance platform, in a bid to power compliant trades.
According to the CEO of Modulus Richard Gardener, the new security token issuance platform will have the power to process millions of transactions per second. Speaking more about it, he said that:
“As the world’s leading security token blockchain protocol provider, Securitize has developed exciting new technology in the realm of compliance, and we’re thrilled to have secured a deal which allows Modulus to offer that technology to its clients within its own exchange solution — a solution capable of processing over ten million transactions per second.”
Gardner also praised security tokens, stating that exchanges that choose to use their Modulus Solution powered by Securitize technology will have an advantage. He further noted that:
“This new partnership only highlights the contrast between us and our competitors. Combined with our unsurpassed suite of exchange, risk, market surveillance, payments, custody, and digital asset liquidity solutions, there’s no provider on the planet as committed to regulatory concerns as Modulus.”
As part of the deal, Securitize will bring to the table its full stack technology to allow users to manage and issue digital securities for use in Modulus Exchange Solution in one easy-to-use dashboard.
Speaking about the agreement, the CEO of Securitize, Carlos Domingo, had kind words to say, showing his excitement. In his own words, he said:
“We are happy to partner with Modulus, the leading crypto exchange software in the market. By implementing our DS Protocol, their exchange solution will be Securitize ready, allowing Modulus’ customers to make compliant trades of digital securities across multiple exchanges and marketplaces.”
Securitize’s DS Protocol
As per a press release by Modulus, the DS protocol of Securitize will ensure that all digital securities using the platform can be traded across all exchanges and marketplaces compliantly. The DS protocol has an impressive adoption rate, currently powering tokens such as Science Blockchain, Lottery.com, Aspencoin, Augmate, VC, SPiCE, 22x, and Blockchain Capital. A lot more are also in the pipeline in 2019.