TokenSoft news

World latest news

TokenSoft Launches ‘Security Token Administrative Panel’ for Transfer Agents

Support Tool for Transfer Agents Today, tokenization and issuance platform, TokenSoft, has announced the launch of a new tool aimed towards facilitating activities undertaken by transfer agents. With U.S. based transfer agents continuing to play a pivotal role within digital securities, any tools built to make their processes easier and more efficient are a welcome addition to the sector. This tool, in particular, was built with the goal of creating a seamless transition for transfer agents that also deal with traditional securities. This means that they will have access to a dashboard, or ‘administrative panel’, embedded with the ability to issue and manage assets. Ideally, this progress will make the sector more enticing to existing transfer agents that are mulling an entrance into blockchain. Naturally, the security token administrative panel is intended to function alongside other TokenSoft offerings, such as their Knox Wallet – which is detailed in the following article. TokenSoft announces ‘Knox Wallet’ – A Mobile Custody Solution for Security Tokens Capabilities In their announcement, TokenSoft took the time to break down the functionality of this new tool. The following capabilities are what it affords transfer agents: Compliance management Theft/loss management Asset monitoring in real time Transfer Agents For those interested in learning more about what a transfer agent does, and who they work alongside, check out the following article. Here, we briefly discuss a variety of roles assumed by companies, such as TokenSoft, throughout the digital securities sector. Titles and Designations among Industry Participants Commentary Upon making their announcement, multiple individuals from within and outside of TokenSoft took the time to share their thoughts on the development. The following is what they had to say on the matter. Mason Borda, CEO of TokenSoft, stated, “Since 2017, ensuring our clients can easily comply with securities laws has been our number one priority and that’s why today we’re announcing official support and a full set of features for SEC-registered Transfer Agents and their issuing clients.” Jeff Bandman, CEO of BlockAgent, stated, “Transfer Agents are a foundational element of financial services infrastructure. It is exciting to see TokenSoft provide technology support to enable Transfer Agents to support blockchain-based digital securities.” TokenSoft TokenSoft is a San Francisco based company, which offers a variety of services surrounding digital securities, including both the tokenization, and issuance, of such assets. Through backing by notable companies, such as Coinbase, and acquisition of companies, such as Marpine Securities, TokenSoft has begun to establish themselves as a viable candidate to lead the digital securities sector forward. CEO, Mason Borda, currently oversees company operations. In Other News In a continual effort to offer their clientele flexible solutions, TokenSoft recently announced the inclusion of various stablecoins into their supported assets. With stablecoins becoming increasingly popular among investors intrigued by digital securities, this move should prove to be key in the years ahead. The following article takes a closer look at this move. TokenSoft Expands Support for Various Stablecoins The post TokenSoft Launches ‘Security Token Administrative Panel’ for Transfer Agents appeared first on Securities.io.
Securities.io

Tokensoft Rolls Out Tool Set to Help Transfer Agents Comply with STO Security Requirements

Tokensoft announced that it had developed a tool that would help transfer agents abide by the securities requirement. They are creating software to assist banks, trust entities, and other companies to manage tokens easily on behalf of the companies that issues them. According to the CEO of Token soft- Mason Borda, the company incorporated transfer […]
Bitcoin Exchange Guide

TokenSoft Expands Support for Various Stablecoins

New Support In a continuing effort to expand the functionality of their various services, digital securities issuance platform, TokenSoft, has announced new support for a variety of stablecoins. The stablecoins that will be added to their list of accepted forms of payment are as follows: Gemini Dollar (GUSD) USD Coin (USDC) Paxos Standard (PAX) The acceptance of stablecoins represents an important move by TokenSoft, as many investors interested in digital securities utilize such assets. Their unique traits, which allow for sheltering from the volatility of crypto assets, all the while providing the benefits associated with them, make them an appealing tool. Services offered by TokenSoft that will benefit from this development include, not only their issuance platform, but their Knox Wallet as well. We have discussed the Knox Wallet in the past, as it looks to become a mainstay solution for providing custody for digital securities. TokenSoft announces ‘Knox Wallet’ – A Mobile Custody Solution for Security Tokens Stablecoins Along with digital securities, we have noted on a variety of occasions in which we believe stablecoins will play an important role in the developing world of blockchain and DLT. The following are a few articles demonstrating developments with regards to stablecoins, and their potential to change the way many investors and companies operate. Stablecoins – Are they Gimmicky or Trendy Stablecoins within Digital Securities Circle Identifies Stablecoins and Digital Securities as Emerging Trends Commentary In their official announcement, TokenSoft touched on their decision to support a new bevy of stablecoins. The following is what they had to say on the matter. “TokenSoft is proud to continue providing technology at the intersection of blockchain and securities laws. Providing stablecoin support for our issuers and their investors adds another layer of financial infrastructure to the fast-moving and innovative space surrounding blockchain technology.” TokenSoft Operating out of San Francisco, California, TokenSoft is a young company which specializes in the tokenization and issuance of digital securities. TokenSoft, notably, acquired Marpine Securities in early 2019. This move allowed for TokenSoft to inherit the ability to offer broker-dealer services within the United States. CEO, Mason Borda, currently oversees company operations. In Other News Beyond simply noting stablecoins as a current trend, there have been multiple instances of giant corporations jumping into the fray. In the following articles we discuss the potential entrance of both Facebook and Walmart into the ring. Walmart Files a Crypto Patent for New Stable Coin Calibra – A Product of Facebook, Built on Two Tokens The post TokenSoft Expands Support for Various Stablecoins appeared first on Securities.io.
Securities.io

Know Your Business – TokenSoft KYB

Businesses looking to host an STO just got some excellent news this week. The popular tokenized securities platform, TokenSoft officially announced the release of its Know Your Business (KYB) software integration. The new software trims down the time it takes for businesses to get approval to host an STO significantly through the use of automation and blockchain technology. News of the integration came via a press release in which the company explained that it completed Beta testing of the new software without a hitch. TokenSoft worked meticulously to finish the protocol prior to a major ruling’s effective date. Now it appears as if all their hard work is set to pay off in a major way. Its All About Timing – TokenSoft KYB This month the amended FinCEN CDD Final Rule of 2018 legislation’s is set to hit its effective date. Notably, the FinCEN amendment is an addition to the Bank Secrecy Act. These laws include a wide variety of business data requirements prior to hosting a crowdfunding campaign. Updated KYB The updated ruling sets out what information business must provide to host a blockchain-based crowdfunding campaign. Previously, businesses hosting STOs complained that the legislation lacked updated phrasing to reflect the emergence of tokenized securities. Today, these requirements are easy to reference via these rulings. Streamlined TokenSoft KYB Speaking on the protocol’s development, TokenSoft CEO, Mason Borda described the software’s capabilities in detail. Also, Borda took a moment to discuss the systems in place today, and what problems the new protocol alleviates. TokenSoft via Homepage Currently, businesses go through a lengthy procedure that requires around 10 days to complete on average. TokenSoft’s KYB drastically reduces this time frame down to hours. Advance Compliance Automation In order to accomplish this monumental task, the protocol relies on advanced automation. Automated processes reduce costs, and allow for more accountability. Basically, when you automate a system, you can integrate the auditing requirements directly into the protocol. These types of systems are much more efficient than the current manual processes and can save millions in lost revenue. Improved Security Aside from the fact that TokenSoft’s KYB is much faster than the current business model, it’s also more secure. The traditional KYB procedures require businesses to send heaps of sensitive data via email. This data usually includes licenses, SSNs, and a host of other personal information. Consequently, this information is not safe once it is sent digitally, and especially if sent unencrypted. For example, this year alone saw a multitude of major company data breaches. Just last month, the credit card provider, Capital One lost control of over 100 million customer’s personal data after a hacker infiltrated the company’s system. Data Theft is On the Rise Data theft continues to expand to all-time highs. Sadly, the repercussions of a breach can continue for years. One report places the costs of marketing after a major data breach at 64% higher than during normal business operations. Importantly, that’s just the added costs incurred trying to protect your company’s reputation following the breach, and not the actual damages from the incident. TokenSoft KYB – A Better Alternative TokenSoft provides businesses with a more secure alternative to the status quo. Additionally, the new KYB process reduces costs and improves efficiency across the board. It’s hard to imagine a scenario in which this product doesn’t see great success in the coming months as more firms look towards STOs as a viable crowdfunding option. TokenSoft is positioned perfectly to help these businesses and strengthen its own influence in the market. The post Know Your Business – TokenSoft KYB appeared first on .
Securities.io

TokenSoft rolls out automated KYB framework

Token platform TokenSoft is improving its Know Your Business (KYB) practices in the wake of FinCEN amendment to the Bank Secrecy Act by automating the process. What once could take up to 10 days has been cut down to a matter of hours, according to Mason Borda, Founder and CEO of TokenSoft. Similar to Know Your Customer requirements on exchanges, platforms must identify businesses seeking to issue tokens. According to Borda, some companies do so manually, having companies provide the necessary information via email exchanges. To cut down on the back and forth, TokenSoft automated the process ahead of the effective date for KYB compliance.  Join Genesis now and continue reading, TokenSoft rolls out automated KYB framework!
The Block Crypto
More news sources

TokenSoft news by Finrazor

DIGEST

Traditional Investors shift to OTC Bitcoin markets, Pantera Capital raises $115M, Peter Thiel backs a $2.1M seed round for Layer1, Medici Ventures acquires shares of Chainstone Labs, Vostok Project secures $120M, Ubique Networks partners with SLT, INCX launches in partnership with Bittrex, Issuance partners with Prime Trust, Coinbase and TokenSoft partner up, TRON Arcade to work with Gumi Cryptos

Read more
DIGEST

CONSOB suspends two projects, Kakao invests in Orbs, TokenSoft invests in a SEC-compliant broker-dealer, Weiss Ratings recommends to buy BTC, France wants to invest $569M in blockchain, crypto-focused VCs invest $30M in Good Money, Tim Draper invests $1.25M in OpenNode, Waves partners with TSA, ICON partners with LayerX, BitDeer teams up with BTC.com and AntPool

Read more

Trending

Hot news

Hot world news

HUGE Altcoin Updates! Stellar, Binance US, Tomochain, Digibyte, NEO, Monero, Bitcoin Bakkt

Binance Adds BNB to Binance US https://finance.yahoo.com/news/binance-us-adding-7th-coin-102155751.html A brief history of the world of crypto. Plus, all of the latest news and updates from the Stellar Developers ecosystem https://medium.com/stellar-community/stellar-dev-digest-issue-14-ea71609a22b0 How TomoChain’s TomoZ intends to take on Ethereum market share! https://twitter.com/TomoChainANN/status/1173152916888096768 https://twitter.com/Altcoinbuzzio/status/1172575745584971777 https://www.altcoinbuzz.io/crypto-news/product-release/how-tomochains-tomoz-intends-to-take-on-ethereum-market-share/ Virtual Rehab with Virtual Reality is now solving real-world problems https://cryptodaily.co.uk/2019/09/apple-entry-blockchain-via-rumoured-vr-project https://www.zerohedge.com/news/2019-09-09/virtual-reality-now-solving-real-world-problems Celer Network and NEO Are Launching a Partnership https://www.altcoinbuzz.io/crypto-news/partnerships/celer-network-and-neo-are-launching-a-partnership/ Bitcoin #Bakkt Tweet https://twitter.com/Bakkt/status/1173683919687966720 Big! #Monero ready to use Zcoin’s Privacy protocol https://www.altcoinbuzz.io/crypto-news/product-release/big-monero-ready-to-use-zcoin-privacy-protocol/ #digibyte lists on UpHold https://twitter.com/DigiByteCoin/status/1173623829652004866 #bitcoin #cryptocurrency #altcoin #altcoins #crypto #btc $BTC #bitcoinprice #ethereum #electroneum #cardano #enjin #crypto.com #hpb #digibyte #bitcoinnews #btcnews #libra #chainlink #ripple #xrp #xrpripple #binance #bitcoinnewstoday #cryptonews #litecoin #cryptocurrencynews #news Bitcoin cryptocurrency altcoin altcoins crypto btc $BTC bitcoin price ethereum electroneum enjin crypto.com cardano digibyte bitcoin news btc libra chainlink ripple xrp ripple Binance bitcoin news today crypto news Litecoin cryptocurrency news hpb high performance blockchain $xrp $enj $etn $ltc $dgb $ada NOTE The information discussed on the Altcoin Buzz YouTube or other social media channels is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
Altcoin Buzz

Celsius Network Offers up To 12% APR on USDC, TUSD, USDT and Other Stablecoins

The Celsius app offers the industry highest rates and supports six different stablecoins all eligible to earn up to 12.03% annually with interest paid out weekly Celsius Network (https://celsius.network/), the industry-leading cryptocurrency platform, announces today it has increased interest rates for stablecoin deposits to 12.03% APR. Users who choose to earn interest in Celsius Network's blockchain-based CEL token can earn up to 30% more than the 9.25% depositors who are paid in-kind on their coins. Celsius is raising its rates because it is consistently earning higher returns on its deposits and distributes 80% of its income to its depositors; as it earns more, it distributes more. Unlike other platforms, ...Full story available on Benzinga.com
Benzinga

VanEck, SolidX Pull Bitcoin ETF Filing From SEC Consideration

Less than two weeks after VanEck and SolidX rolled out the VanEck SolidX Bitcoin Trust ETF (XBTC), a bitcoin exchange traded product aimed at institutional investors, the firms said they're withdrawing plans for bitcoin exchange traded fund aimed at a broader swath of investors. What Happened The ETF issuer and the fintech firm pulled the filing from consideration by the Securities and Exchange Commission on Sept. 13. The agency had delayed an ultimate decision on that product, as it has with various other bitcoin ETF proposals, several times, but was facing a hard and fast deadline of Oct. 18 to approve or disapprove the VanEck SolidX Bitcoin Trust. “Tuesday’s filing marks the second time VanEck and SolidX withdrew the proposed ETF. ...Full story available on Benzinga.com
Benzinga

IOTA Introduces Chronicle Permanode to Amend Scalability Issues

IOTA, a permissionless trust protocol designed to revolutionize the Internet of Things (IoT) ecosystem by facilitating a frictionless exchange of value between machines and humans, has announced the launch of Chronicle, a permanode solution the team hopes will give node operators an unlimited amount of storage space in their Tangle distributed database, according to aRead MoreRead More. The post by Ogwu Osaemezu Emmanuel appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
BTC Manager

Wells Fargo Plans Blockchain-Based Internal Settlement Services

The world’s fourth-largest bank, Wells Fargo, announced plans to use its digital token to pilot internal settlement services, which would run on its distributed ledger technology (DLT) platform. Per the press release September 17, 2019, the pilot project is expected to take off in 2020 and would initially focus on USD transfers.  Digital Token forRead MoreRead More. The post by Anthonia Isichei appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
BTC Manager
By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.