Platform for launching security tokens TokenSoft announced the native integration of the broker-dealer TokenSoft Global Markets, which is regulated by the Securities and Exchange Commission, with Coinbase Custody, the leading custodian platform for institutional clients from the US cryptocurrency company Coinbase.
Announcing integration between TokenSoft Global Markets and Coinbase Custody to provide security token issuers access to institutional-grade security, and an intuitive and easy-to-use interface for storing and receiving funds. Read more: https://t.co/0FbGpPOM6l— TokenSoft Inc. (@TokenSoftInc) December 20, 2018
So, TokenSoft now offers two custodial solutions to issuers of security tokens: digital assets storage based on their own development or Coinbase Custody using blockchain to prevent client and custodian from mixing.
“TokenSoft and Coinbase will help projects enter the market much faster with full legal compliance. At the moment, the process of issuing tokens is facing many difficulties. We want to change that, ”said Sam Mackingvale, Coinbase Custody Managing Director.
Recall that Coinbase Custody Trust Company LLC received approval from the New York State Financial Services Authority (NYDFS) for custodial services in October.
Previously, Coinbase and TokenSoft invested in a startup Nomics, which intends to index 95% of the data related to cryptocurrency trading.