123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

Tokensoft Distributes $4 Million In Equity To Investors Using Via Ethereum Blockchain

Profile Picture
By Author: Jayashree Ingle
Total Articles: 16
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Digital securities platform TokenSoft has tokenized its equities to distribute it to the investors that participated in a $4 million Series Seed round.

It has utilized Ethereum blockchain to distribute the equities and with this initiative, it has become one of the pioneers in the industry to tokenize equities using the blockchain.

The Seed round had been conducted back in July 2018 with the leading participation by Base10 and e.ventures, along with Coinbase Ventures and Avon Ventures.

TokenSoft distributed the digital representation of the investor’s investment on the Ethereum blockchain using ERC-1404 tokens based on a simple agreement for Future Equity or SAFE model. It is noteworthy that ERC-1404 is a simple token standard for accounting automation and compliance for securities and digital assets.

Mason Borda, CEO of TokenSoft Inc. said:

“We have proven with the customers that the blockchain can streamline and automate secondary transfers, we are excited to finally be able to use the same great technology our real estate and institutional customers have been using.”

One of ...
... the Investors Meltem Demirors, who is associated with TokenSoft since 2018, said, “While many in the industry speak of the benefits of digitizing private capital markets, TokenSoft has actually done this with their own shares.”

He further commented, “I have the ability to hold shares in my wallet, receive dividends, bid or offer and gather real-time market data that facilitates price discovery.”

How the Tokenization of the equity will be beneficial to the Investor?

Tokenizing the equity will provide payment of dividends in US dollars through the integration with Signature Bank’s blockchain-based platform, and Toeknsoft’s Subsidiary DTAC LLC.

It will provide real-time legitimate access to ownership information with all the records of transactions on the blockchain.

The shareholders can access to secondary markets to sell the shares through their TokenSoft accounts.

About TokenSoft

Tokensoft is a blockchain-based leading technology platform based in San Francisco, CA. It has an investor base in almost 50 countries with investment over half-billion dollars. Tokensoft is seeking to expand its operations by collaborating with venture-backed firms, asset managers broker-dealers to establish an active secondary market place.

Total Views: 158Word Count: 343See All articles From Author

Add Comment

Business Articles

1. Best Property Preservation Updating Services In Alabama
Author: RPR Services

2. Expansion Of Photoresist & Photoresist Ancillaries Market Will Remain Close To Being Stagnant Through 2025
Author: Jack Martin

3. 6 Easy Ways To Protect Your Home From Burglaries
Author: AYS System

4. Difc Investment Crowdfunding Business License - 10 Leaves
Author: Nitya

5. How To Find The Most Profitable On-demand Business With Uber Clone App
Author: Maria Smith

6. How Does The Uber Clone App Work? How Do I Choose The Best Uber Clone Script?
Author: Uber clone scipt

7. How To Obtain Fssc 22000 Certification In 5 Simple Steps
Author: John

8. Best Playschool Franchise - iris florets
Author: irisflorets

9. 2507 Super Duplex Round Bars
Author: chhajed alloys

10. Why Do Businesses Opt For Commercial Housekeeping Services?
Author: Tuskers India

11. Benefits Of Outsourcing Housekeeping Services
Author: Tuskers India

12. Specific Details Regarding Frp Pipes

13. Why Are On-demand Home Services Apps The Next Big Thing In The Business World?
Author: Lilac Homier

14. Same Day Payday Loans For Cash Advance For Your Convenience
Author: Amy Jones

15. Specific Details Regarding Forged Circles And Forged Rings
Author: kanak metal & alloys

Login To Account
Login Email:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: