TokenSoft is rolling out what it describes as the first cold-storage custody service designed specifically for security tokens.
Known as Knox, it allows enterprises to maintain a multi-signature, self-custody system for different cryptocurrencies, as well as digital securities.
"It provides the highest level of security when it comes to storing digital securities, which [are] newer to the market," said TokenSoft co-founder Mason Borda.
"The digital asset industry's been comfortable with storing [coins] for the last few years, digital securities are kind of new ground."
Digital securities differ from cryptocurrencies in that they tend to be less decentralized and have built-in restrictions for traders, Borda explained, while digital assets such as bitcoin suffer from no such restrictions.
Further, digital securities can be asset-backed tokens, representing equity, debt or real estate, as some examples.
"I think it's a key piece of infrastructure that the industry has ignored up until now, and this puts it on the map as a key piece of infrastructure that's necessary to service digital securities."
Such securities can be built on top of the ethereum, stellar, R3 or Hyperledger blockchain platforms.
"What we hear a lot is that it's very easy to use and [investors] wish that they could also manage their bitcoin like this, and so that's why we rolled in support for additional digital assets, though that's not the focus for the product," he said.
The different security features included with the wallet range from providing offline cold storage, allowing multiple owners to authorize or execute transactions and cryptographic authentication.
TokenSoft Launches Crypto Custody Service for Security Tokens
Publié le Jan 29, 2019
by Coindesk | Publié le Coinage
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