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,
“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 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.
TokenSoft further said,
“We look forward to enabling institutional adoption on the Tezos blockchain by providing (‘international compliance support’ and a ‘security first mindset’) to the market.”
