The REMCO Software, which is one of the creators of the distributed utility token, a generating platform that is used for the money transfer has just gone ahead to announce an agreement they have gotten into. They have established an agreement to list some of its token on the crypto asset exchange, which is referred to as the LATOKEN, this has been made possible through the licensed broker.
The agreement has been considered to be an essential foundation that has been set for the current REMCO security-token-offering, which will be one of the very first listings for the security token that you will find in the world.
More On The REMCO platform
The tokens that will be generated on the platform will be programmable; thus, this will allow for the authorized users in the system to quickly adapt them and use them in their own business models. For the authorized users, they have been given the ability to customize the tokens in any of the fiat currency with just the use of a simple API, and from here they are able to operate a legal money transfer, or they could opt for the stored money value.
It has been designed as a blockchain records token validity, keep track of the balances, a proper record of the transaction history and proper ownership within the system.
The parent company for REMCO the VTNGLOBAL has been established to operate a licensed together with a regulated money transfer business in different states within the US. Not forgetting the technical understanding of the company has been built on several years of experience in the remittance industry.
In early last year, the company went ahead to launch a sophisticated tokenization method that will be able to terminate the fiat straight into bank accounts plus the different mobile wallets of recipients; all this is done in real time, thanks to the Beta version of the REMCO platform. It was initially an off chain platform, but in December of last year, the company migrated to the on chain system.
Peter Ojo, the CEO of the REMCO Software states
“With this new listing on the LATOKEN trading platform, the REMCO security tokens will allow smooth conversion between token and fiat, a characteristic vital to any token. “LATOKEN’s innovative approach appealed to us. There are many crucial steps to getting this business off the ground, and we appreciate reaching this milestone with LATOKEN.”