Tokeny Releases Ethereum-Based T-REX For Compliant Securities Transfer On The Blockchain

Tokeny To Use T-REX For Compliant Securities Transfer On The Blockchain

Tokeny is a compliant tokenization platform. It recently announced the launch of T-REX, which will be a tool used for compliant securities transfer. T-REX standard will be a decentralized set of tools that run on Ethereum. It will allow for the interoperable and compliant transfer of crypto securities.

In the past few months, the security token offerings have gained popularity. STOS are securities and offer multiple benefits compared to existing financial tools. The securities run on the blockchain and they offer various benefits for the automation of existing processes. They reduce the operational costs and increase liquidity while enabling better speeds in ownership transfer.

What The Leadership Had To Say

The CEO of Tokeny, Luc Falempin said that with the creation of T-REX, they would enable the issuance of STOS that are legally compliant. These tokens are based on three pillars according to him. The first is ID management, validation certificates, and transfer managers. These three are essential for enabling the use of decentralized validation to control token transfers. They also ensure that investors are compliant with all legal requirements in their jurisdiction.

The three pillars will play an important role in addressing major issues around the blockchain. With these tools that ensure KYC and AML is effective, T-REX will deliver a solution that could save the industry from fraud.

The Blockchain Is Still Important

The CEO added that everyone knows the issues surrounding the blockchain. However, the blockchain is still an important technology. With the recognition of the issues around it, it enables the creation of solutions such as the T-Rex solution. This will be an important step towards mass adoption, according to him.

The blockchain has a goal of creating a decentralized source of confirmation and Tokeny wants to ensure this happens. By sharing T-Rex with the public, the company is positively contributing to the ecosystem of token securities. Consequently, they are creating a community that can help with the development of blockchain tools. All the T-Rex source files have been released to the masses.

About Tokeny

This fintech is based in Luxembourg. The company has emerged as a leader in the development of a secure end-to-end, institutional-level platform. It lets companies issue and manage their tokenized securities.

Tokeny uses their T-REX tools to ensure that all tokenized securities issued are compliant through all stages of the process. It offers technical solutions that help with investor onboarding. Besides that, it manages corporate actions like voting, dividend, and official statements. The solutions they offer ensure continuity in AML and KYC compliance confirmation. Thus, it ensures that all participants are eligible to invest in a project.

The solutions that Tokeny offers to leverage the blockchain and pair it with years of experience from the traditional world of securities. The platform uses their background to ensure participation of contributors in a token offering is accessible, above board, and secure. Right now, the tokens securities offering have been hit with many fraudulent projects. However, this project is going to change all that if it succeeds.

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Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

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