TokenSoft Inc. has announced support for security tokens on the Tezos Blockchain. This would allow all the clients of TokenSoft to issue tokenized securities. Commenting on the development, Mason Borda, TokenSoft’s CEO said,
“We first started working with the Tezos blockchain over a year ago; we’re excited to take our services to the next level. With the introduction of the Tezos multi-signature and FA1.2 smart contracts, we now have the key ingredients to provide our institutional grade services on the Tezos blockchain.”
TokenSoft has made a move to enable institutional adoption of Tezos Blockchain. The company will offer lucrative services to the market, like advisory based on its vast experience, international compliance support, and security first approach.
In an official blog on Medium, Borda stated that TokenSoft has over 20 years of combined team experience in the blockchain industry, providing compliance support for banking, securities, and tax regulations in up to 56 countries. The TokenSoft team has exhaustive knowledge to create digital security strategy for the evolving crypto-blockchain landscape, he added.
Tezos Blockchain provides a high level of security and resilience to the tokenized securities market. It boasts features like:
- Institutional grade smart contracts
- Secure custody of smart contracts
- Enforcing requirements on a jurisdictional basis for banking, securities, and tax regulations.
Speaking about TokenSoft, the blog mentions,
“TokenSoft offers institutional-grade compliance solutions for blockchain-based securities. TokenSoft helps clients launch and manage asset-backed tokens and digital securities on the blockchain in a compliant and secure manner, regardless of jurisdiction. The TokenSoft process and suite of solutions cover the entire lifecycle of a digital asset, including onboarding, issuance, custody, and ongoing administration.”