crypto content platform
Home arrow Article arrow Article Detail

TokenSoft Distributes $4 Million in Equity to Investors using via Ethereum Blockchain

Profile Image

Ingle Jayashree

CBW -External Analyst

INDIA

Aug, 26 2020

Aug, 26 2020

likes 0 | comments 0

Article Image

#Cryptoassetrating #CryptoBusinessWorld #Tokenizationassetplatform #CBW #digitalassets #cryptoassets #ratingagency #blockchain #crypto #cryptocurrency #cryptobusinessnews #cryptonews #breakingnews

Digital securities platform TokenSoft has tokenized its equities to distribute it to the investors that participated in a $4 million Series Seed round.

It has utilized Ethereum blockchain to distribute the equities and with this initiative, it has become one of the pioneers in the industry to tokenize equities using the blockchain.

The Seed round had been conducted back in July 2018 with the leading participation by Base10 and e.ventures, along with Coinbase Ventures and Avon Ventures.

TokenSoft distributed the digital representation of the investor’s investment on the Ethereum blockchain using ERC-1404 tokens based on a simple agreement for Future Equity or SAFE model. It is noteworthy that ERC-1404 is a simple token standard for accounting automation and compliance for securities and digital assets.  

Mason Borda, CEO of TokenSoft Inc. said:

“We have proven with the customers that the blockchain can streamline and automate secondary transfers, we are excited to finally be able to use the same great technology our real estate and institutional customers have been using.”

One of the Investors Meltem Demirors, who is associated with TokenSoft since 2018, said, “While many in the industry speak of the benefits of digitizing private capital markets, TokenSoft has actually done this with their own shares.”

He further commented, “I have the ability to hold shares in my wallet, receive dividends, bid or offer and gather real-time market data that facilitates price discovery.”

How the Tokenization of the equity will be beneficial to the Investor?

Tokenizing the equity will provide payment of dividends in US dollars through the integration with Signature Bank’s the blockchain-based platform, and Toeknsoft’s Subsidiary DTAC LLC.  

It will provide real-time legitimate access to ownership information with all the records of transactions on the blockchain.

The shareholders can access to secondary markets to sell the shares through their TokenSoft accounts.

About TokenSoft 

Tokensoft is a blockchain-based leading technology platform based in San Francisco, CA. It has an investor base in almost 50 countries with investment over half-billion dollars. Tokensoft is seeking to expand its operations by collaborating with venture-backed firms, asset managers broker-dealers to establish an active secondary market place.


 Disclaimer

The information provided through the above Content is for informational purposes only. The Content is not intended to be, and does not, constitute financial advice or any other advice. You should consult with a financial professional to determine what may be best for your individual needs. We do not make any guarantee or other promise as to any results that may be obtained using our Content. To the maximum extent permitted by law, we disclaim any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable or result in any investment or other losses.


likes 0 Likes | comments 0 Comments

Profile Image

Ingle Jayashree

CBW - External Analyst

INDIA

Comments
WHAT IS AN EXTERNAL ANALYST
banner
Article
Price retaking $18k and Rich list growing as WHALES HODL.

Currently, bitcoin is having wavy nature and it's been rising continuously in the market. Bitcoin rose high in the past week and surpassed the $18k mark...;

Disclaimer: The information is for informational purposes only.​ This advertisement does not constitute financial advice or any other advice. You should consult with a financial professional to determine what may be best for your individual needs. None of the information and/or content available through this advertisement is intended as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any company, financial product, security or commodity. To the maximum extent permitted by law, we disclaim any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable or result in any investment or other losses. In Making the investment decision, investors must rely on their own examination of the issuer and the terms of the offerings, including the merits and risks involved. Investments are speculative, illiquid, and involve a high degree of risk , including the possible loss of investment.