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


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.
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Jayashree Ingle
CBW - External Analyst
INDIA