With increasing regulatory scrutiny, cryptocurrency exchanges are preparing for the proliferation of security tokens, and fintech startup Securrency is ahead of the curve in issuing them.
Operating in countries worldwide, Securrency provides security token issuance solutions for advanced distribution control, platform compatibility and liquidy.
In an interview with CryptoSlate, John Hensel, the company's COO and co-founder, uncovered the unique features that make Securrency an industry leader in security token issuance.
Given the early stages of cryptocurrency regulation, most security token issuers are not focused on maintaining regulatory compliance for security tokens transferred across borders or into foreign markets.
"It's called the compliance-aware token. We used proprietary techniques to map attributes of investors to their wallets and map the attributes of issuance to the token. This process allows the token to self-govern so it can only be traded or transferred to another wallet that has the proper credentials. Having this mechanism actually also lets all market participants who have the proper credentials to act as liquidity providers."
Amid increasingly stringent regulation, the ability to track and adapt security tokens will become imperative to remain compliant with authorities.
Securrency has further developed methods of updating security token properties in real-time to adapt to changing regulations in over 160 countries.
"It isn't. When we issue a token, we use a tool called 'the rules engine,' which is a very capable, convenient tool for mapping code into a token. We actually have the ability to modify and update the token's code while the token is in circulation. We can amend the token almost real-time to comply with new regulations."
As an advanced security token issuance provider, Securrency aims to create automated versatility for security tokens in all aspects of issuance and trading.
With patented features unique to the firm, Securrency is poised to become an industry leader in security token issuance and regulatory compliance.
Securrency Pushing For Global Security Token Adoption [INTERVIEW]
Publié le Aug 23, 2018
by Cryptoslate | Publié le Coinage
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