Luxembourg-based Tokeny has launched its investorID solution, a platform designed to help investors generate their on-chain identity to access and trade compliant tokenised securities.
This is solution was designed to become the principal solution for investors to manage their own data and be identified on the blockchain infrastructure.
To ensure compliant ownership transfer of securities on the blockchain, issuers need to identify and know their token holders. The TokenID solution enables issuers to identify whether participants are eligible for the offering, and if they are, jurisdiction rules and regulations are automated.
When an investor creates an identity, it can be reused and access multiple tokenised securities, while giving them complete control of their personal data. To support security of this data, the platform has an easy recovery process which means users cannot lose their identity or assets linked to it.
Tokeny CEO Luc Falempin said, “By creating investorID, issuers can act in full confidence that their securities are being accessed and traded compliantly. There wasn’t a solution on the market that accurately identifies the different stakeholders on the blockchain infrastructure, but it is a mandatory piece in order to apply securities laws in Europe.
“On the buy-side, it’s fundamental for investors to know they are respecting the necessary rules and regulations in relation to security trading. investorID relieves this worry and enables individuals and financial institutions to seamlessly create their on-chain and validated identity. This allows investors to trade tokenized securities in total confidence.”
Tokeny is an institutional grade end-to-end platform for the issuance and servicing management of digital assets. The company uses T-REX (token for regulated exchanges) infrastructure to ensure compliance of tokenised securities.
Its solutions include investor onboarding, tokenised security transfers, and support for corporate actions like dividends, voting and announcements. Tokeny also ensures regular KYC and AML checks.
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