Tokeny Solutions, a compliant tokenisation platform, has received a €5m investment from pan-European exchange Euronext.
This investment gives Euronext a 23.5 per cent stake and strong governance representation in Tokeny.
Euronext is a European stock exchange covering Belgium, France, Ireland, The Netherlands, Portugal and the UK. It made the investment to boost its nascent digital asset industry involvement by combining Tokeny’s digital management expertise with LiquidShare’s post-trade solutions.
Liquidshare was launched by Euronext earlier in the year as a joint venture with BNP Paribas, CACEIS, Caisse des Dépôts, Euroclear, S2iEM and Societe Generale. The company improves post-trading operations via blockchain
The addition of Tokeny will allow Euronext access digital asset experts and broaden its client base towards private companies and investment firms.
Launched in 2017, Tokeny provides private markets securities issuers with an end-to-end solution to issue, manage, and transfer tokenised securities on public blockchain. Its T-REX protocol integrates compliance obligations into the digital asset smart contract to ensure compliant tokens.
Earlier in the year, the company launched its investorID solution to give investors the ability to ensure the identity of the issuers and token holders on the blockchain. When an investor creates an identity, it can be reused and access multiple tokenised securities, while giving them complete control of their personal data.
Tokenisation enables institutions to digitise financial assets like equities, debt-like instruments, funds, and ease administration. The end-to-end solution of Tokeny supports the issuance and management of tokenised securities throughout their lifecycle.
Copyright © 2018 RegTech Analyst
