Blockchain Crowdfunding Platform Dealbox Teams With Asset Tokenization Platform Token IQbr>
Token IQ is a software as a service (SaaS) blockchain company focusing on delivering a turnkey solution for the tokenization of securities and asset backed investment contracts. It enables issuers to convert rights to an asset into smart and fully compliant digital tokens on a distributed ledger with the goal of eliminating middlemen, reducing fees, and creating a frictionless environment.
DealBox is a full service FinTech capital markets consulting company that provides turnkey compliant capital market solutions for emerging growth, cannabis and blockchain companies. It provides access to an institutional level crowdfunding security token marketplace that has over 150,000 registered users, including, family offices, RIAs, high net worth individuals, and funds.
As part of the agreement, Dealbox will launch security token offerings (STO) for all its customers utilizing Token IQ’s patent-pending token platform. It will also make an undisclosed equity investment in Token IQ.
“We have explored all options and have found Token IQ to be uniquely positioned to deliver the capabilities our issuers require, backed by a patent-pending technology platform and a laser-focus on compliance,” said Thomas Carter, CEO and founder of DLBX. “We’re excited to be able to offer solutions, powered by Token IQ to our customers.”
Token IQ’s patent-pending technology-backed tokens issuance platform will enable Dealbox to deliver features such as know your customer (KYC)/Anti-Money Laundering (AML). This feature verifies the identity of the user and precludes tokens being transferred or sold to a user who is not eligible to hold it. The platform will also allow DealBox to implement safe and secure tokens recovery for its customers and their investors, allowing true compliance with securities regulations.
“It’s in every company’s best interest to ensure that their tokens are compliant, easy to transact and safe to own,” said Aleksander Dyo, President and co-founder of Token IQ. “DealBox is a thought leader in the STO space and now, utilizing Token IQ’s capabilities they are ahead of their competitors in implementing a securitized token that maintains true compliance and keeps its users secure.”