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TokenSoft Announces Security Token Support for Transfer Agents

SAN FRANCISCO, Sept. 10, 2019 /PRNewswire/ -- TokenSoft, Inc., a leading security token compliance and security platform backed by Coinbase, today announced the launch of its security token administrative panel, purpose-built for US Transfer Agents. TokenSoft clients will be able to select or partner with a Transfer Agent of their choice to issue and administer their security tokens. Using TokenSoft's platform, Knox Wallet and security token standards like ERC-1404, Transfer Agents will be able to maintain and administer security tokens with the same controls and functionality as they do traditional securities. 

Stable. Secure. Compliant. Launch your tokenized offerings with confidence. (PRNewsfoto/TokenSoft)More

"Since 2017, ensuring our clients can easily comply with securities laws has been our number one priority and that's why today we're announcing official support and a full set of features for SEC-registered Transfer Agents and their issuing clients," said Mason Borda, CEO of TokenSoft. 

"Transfer Agents are a foundational element of financial services infrastructure. It is exciting to see TokenSoft provide technology support to enable Transfer Agents to support blockchain-based digital securities," said Jeff Bandman, CEO, BlockAgent Inc.

TokenSoft looks forward to enabling Transfer Agents to work with blockchain-enabled issuers of securities:

Transfer Agent-First Approach — The introduction of the blockchain to the world of securities introduced a level of uncertainty with respect to the compliant transfer of securities on the blockchain. Using TokenSoft's platform, Transfer Agents can service blockchain-based issuers without sacrificing control. Security-First Approach — TokenSoft was the first company to bring multi-signature, cold-storage technology to digital securities. Whether clients are servicing $20 million or $1 billion+ in market cap, they can rest assured that they're using the most secure procedures and technolog...
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