TokenSoft partners with Tezos; will support issuance of security tokens on the blockchain

  • 10 July 2019, Wednesday, 01:30

TokenSoft, a San Francisco-based token issuance platform, has officially announced issuance of security tokens on the Tezos Blockchain.

According to a blog post released by TokenSoft, users of the platform would be able to provide compliant and tokenized securities on Tezos following which, TokenSoft’s Knox, an enterprise-grade cold storage custody solution for tokenized securities will securely administrate them.

Mason Borda, CEO of TokenSoft, said,

TokenSoft claims to be offering international compliance support in over 56 countries. The company has presently included a verified multi-signature contract to the Tezos client software, which enables the highest level of security for cold storage deployment and the management of smart contracts.

Blockchain platform Tezos had previously faced several class-action suits and TokenSoft’s collaboration includes a FA1.2 ledger, consisting of some functions that are similar to ERC-1404, which helps in enforcing potential regulations.

The collaboration also offers easy upgradability, wherein stakeholders can upgrade the protocol through a formal mechanism.

Source: ambcrypto.com