Security Token Platform TokenSoft To Acquire SEC-Regulated Broker-Dealerbr>
Security token platform TokenSoft has invested in a broker-dealer registered with the Securities and Exchange Commission (SEC), now renamed as TokenSoft Global Markets. In addition to its investment, TokenSoft expects to acquire 100 percent of TokenSoft Global Markets, subject to regulatory approval.
TokenSoft offers a suite of technology and security products that enables companies to use digital assets as a growth strategy. TokenSoft’s white label platform provides startups, funds, enterprises and investment banks with a suite of technology and security products for the entire lifecycle of the sale, issuance, and management of security tokens and other digital assets.
The acquisition of TokenSoft Global Markets will reportedly expand the range of services available to TokenSoft clients, including referrals to exchanges or brokers, custody solutions, or private placements services. Token issuers will be able to tap the expertise of TokenSoft Global Markets for guidance and hands-on support at every step of the sale process.
Mason Borda, CEO of TokenSoft, said that as a result of rapidly growing interest in the security token market, they have been inundated with requests for broker-dealer support services that they historically have not been able to provide.
“We heard our clients, and now we’re answering,” said Borda. “With this investment, we are building a one-stop-shop for digital asset issuance and management – enabling us to expand our security and compliance support to every stage of a digital asset’s lifecycle.”
Lawson Baker, Head of Project Zero at TokenSoft, said that the new services offered by TokenSoft Global Markets will be fully integrated into their high touch customer experience.
“We are committed to providing our clients with everything they need to participate in the future of security tokens, and TokenSoft Global Markets is a reflection of that commitment,” Baker said.