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: 203Word Count: 343See All articles From Author

Add Comment

Business Articles

1. Lucintel Forecasts The Global Crude Heater Market Is Expected To Grow With A Cagr Of 4.5% From 2024 To 2030
Author: Lucintel LLC

2. How To Measure The Success Of Your Rpo Partnership
Author: VanatorRPO

3. Lucintel Forecasts The Global Cough Remedy Market To Reach $1 Billion By 2030
Author: Lucintel LLC

4. Are There Different Types Of Esd Tables Available?
Author: Jagadeesan

5. How To Extend The Lifespan Of Your Hydraulic Industrial Lift
Author: Jagadeesan

6. How Best Quality Skin Hydration Mask Work For Your Skin?
Author: Xtaz Mask

7. Mayank Domestic And International Movers | Call: @8792441400
Author: mayanksharma

8. Channel Partner Intelligence: The Power Of Collaborations To Unleash Growth
Author: Netscribes

9. How Customer Intelligence Helps Design Intelligent Business Practices
Author: Netscribes

10. The Importance And Evolution Of School Uniforms: A Comprehensive Guide
Author: abushaikh7261

11. Iso 17020 Certification Conformity Assessment - Comparison Of Iso 17020 And Iso 17025 Standards
Author: Sahin Alam

12. Dialyzer Market Size, Trends, Analysis, Demand, Outlook And Forecast By 2030
Author: pranju

13. How Can Ansoff Matrix Be Used For Developing Successful Business Strategies?
Author: Expandus Business Coaching

14. Deep Cleaning Service In Gurgaon
Author: Balaji Cleaning Agency

15. Lucintel Forecasts The Global Catheter Market To Reach $42 Billion By 2030
Author: Lucintel LLC

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