TokenSoft Global Markets Acquires 20% Stake in Marpine Securities Regulated Broker-Dealer Company
TokenSoft, a STO technology platform, has decided that it was the time to launch a regulated broker-dealer service with its brand. This is part of a new push promoted by the company to offer more services for startup companies and token issuers.
This company is known for its work in assisting starts with the launch of their token sales. The new affiliate will be called TokenSoft Global Markets and will act as a fully U. S.-regulated broker-dealer company. TokenSoft was able to get a license from the New York office of Financial Industry Regulatory Authority (FINRA), which is very hard.
Now that TokenSoft has a regulated affiliate, the company will be able to provide for its clients some things that it could do before. For instance, now it can take the clients across all the most important steps of the Initial Coin Offering (ICO), including the sale of tokens.
According to Mason Borda, the co-founder of the company, having a broker-dealer license will be a gamechanger for TokenSoft. This would provide the company with the ability to offer new possibilities for their customers and, most of all, to offer full services. Now, they will not need to use the services of any other company at all.
Before the company was able to acquire this license, TokenSoft’s customers would have to coordinate with some other company and this would make their path considerably harder than it currently is.
To be able to acquire the license, the company had to buy a 20% stake in Marpine Securities LLC, a regulated broker-dealer company in the state of New York. Despite part of the company being rebranded as TokenSoft Global Markets, both companies will remain with a separate leadership and will be two distinctions companies.
The first important plan top is to provide referral services for all kinds of custody providers and exchanges. They will help the companies which are set on issuing tokens to set up accounts on exchanges and similar services. The own division of the company will also manage the ICOs for some clients and will provide the support for all the stages of the ICO process so that it is compliant and successful. Marketing support will also be provided by the company.
Compliance support is very important now as U. S. Securities and Exchange Commission (SEC) is focused on going after any American ICO that is not fully regulated and offers securities.
The company is evaluating all the possibilities that they have at the moment with the new division of the company and what can be done to make the lives of their clients easier. The company is set to bring more safety and compliance to companies thinking about launching ICOs and get them on the right regulatory footing.
TokenSoft Global Markets has regulatory approval since October and has been ready to offer its services legally, but it is still lacking the platform. The platform is almost ready and there has been a lot of effort lately to coordinate the launch so that the users will have the best experience when the product is finally out there.