Tokenization platform Tokeny has launched its blockchain-powered identity ecosystem for digital assets holders in Europe.
Based in Luxembourg, Tokeny is FinTech company that aims to deliver an institutional grade, secure end-to-end platform that allows for the issuance and servicing management of tokenized securities. The firm is leveraging blockchain technology, coupled with decades of experience from the traditional securities world, to make the participation of any contributor in a security token offering transparent, accessible, and completely secure.
The blockchain-powered identity ecosystem, called InvestorID, is a market-driven decentralized application allowing investors to generate their on-chain identity to access and trade compliant tokenized securities. The solution aims to become the principal system for investors to manage their own data and become identified on the blockchain infrastructure.
InvestorID is compatible with every security token based on the Token for Regulated EXchanges (T-REX) standard, a decentralized set of global tools designed to allow for the interoperable, frictionless and compliant lifecycle management of tokenized securities.
“By creating investorID, issuers can act in full confidence that their securities are being accessed and traded compliantly,” said Tokeny CEO Luc Falempin. “There wasn’t a solution on the market that accurately identifies the different stakeholders on the blockchain infrastructure, but it is a mandatory piece in order to apply securities laws in Europe.”
According to Tokeny, the system respects personal data rules as participants have complete control of their data and can give and restrict access accordingly. It also features an easy recovery process, which means users cannot lose their identity or their assets linked to it.
“On the buy-side, it’s fundamental for investors to know they are respecting the necessary rules and regulations in relation to security trading,” Falempin said.. “InvestorID relieves this worry and enables individuals and financial institutions to seamlessly create their on-chain and validated identity. This allows investors to trade tokenized securities in total confidence.”
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