TokenSoft Officially Backs Security Tokens Issuance (STOs) on Tezos (XTZ) Blockchain

TokenSoft, a leading compliance platform for issuing and managing Blockchain-based securities, has finally supported issuing of digital security tokens on Tezos, a burgeoning Blockchain platform. The decision will effectively allow clients of the security token issuance platform to issue tokenized securities.

Apart from issuing compliant securities, clients will also have them managed securely through Knox, a world-class cold storage custody solution targeting similar securities. This, according to the CEO of TokenSoft, Mason Borda, will automatically upgrade their services.

Borda said that this new development is taking their year-old relationship with Tezos Blockchain to a whole new level. He said that the new multi-signature and FA1.2 Smart Contracts are the right components to ensure that they offer unsurpassed services via the Blockchain platform.

What Role does TokenSoft play?

The role of TokenSoft in boosting large-scale adoption of the security tokens on the Blockchain is quite significant. Basically, the three primary services it would be offering to the market are:

Adopting a ‘Security-First’ Approach

TokenSoft, being the pioneer in harnessing Multi-Sig, cold storage technology in securing digital securities, understandably is the most, highly-ranked coin issuance and management platform. And even as it sticks to a ‘security-first’ approach in all it does, its entire infrastructure framework is arranged under the clients’ security.

Renowned International Compliance

Owing to its reputation in the industry, TokenSoft now offers compliance support in about 56 countries. It mostly has clients in the banking, securities, and tax regulation industries.

Trusted and Experienced

TokenSoft is a legendary name in the Blockchain industry. Collectively, the platform boasts of an incredible 20+ years’ worth of experience handling all that pertains digital security now and in the future.

What Tezos in Known for

As for the Tezos Blockchain, the instructional-grade security it offers in the digital security market is mainly characterized by:

Has Institutional-Grade Smart Contracts

For Tezos to complete and formally verify smart contracts, it relies upon cutting-edge technology, similar to that used to guarantee user safety in mission-critical areas. Ideally, the technology is similar to what’s used in aerospace as well as the multi-billion dollar semiconductor industry.

Guarantees Safe and Secure Custody

With a formally-verified Multi-Sig contract that’s natively included in the Tezos client software, the Blockchain’s cold storage feature offers the most secure security.

Upgrading Is a Breeze

The Blockchain also comes with a formal mechanism through which token holders can seamlessly upgrade their protocol. With it, Tezos blockchain ranks among the most user-friendly choices.

Familiarity

The platform’s ERC-1404-inspired FA1.2 managed ledger is incredibly flexible and agrees to various legalities governing banking, securities, and tax requirements in diverse jurisdictional.

It is because of these features that, a week ago, Latin America’s biggest independent investment bank, Banco BTG Pactual S.A., opted to use Tezos in its Security Token Offerings. Dubai’s Dalma Capital has also followed suit and is already well into using the Blockchain in its efforts to run an STO.

Tezos Blockchain, with the support of TokenSoft, is bound to grow tremendously. TokenSoft has already earned a name for being a client-oriented platform for launching and managing Blockchain-backed tokenized securities. The fact that it is secure and compliant, irrespective of jurisdictional differences, gives many a reason to opt for it.

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Lillian Peter
Lillian Peter
Lillian P has a knack for anything that teases the mind, with a keen interest in the blockchain technology, cryptocurrencies, and anything in between. Can bring to life the most difficult and boring concepts in the blockchain space. Lillian is a brilliant writer working with various publications.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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