post-title TokenSoft Expands Security Token Services to Europe With New Swiss Entity

TokenSoft Expands Security Token Services to Europe With New Swiss Entity

TokenSoft Expands Security Token Services to Europe With New Swiss Entity
Cryptocurrencies News

TokenSoft is bringing its security token issuance platform to Europe through a Crypto Valley, Switzerland-based counterpart, TokenSoft International AG. 

The regulated STO platform announced Wednesday that it struck a licensing deal with its eponymous European partner, who now has exclusive continental distribution rights for TokenSoft’s tokenization software.

Mason Borda, CEO of TokenSoft Inc., told CoinDesk the agreement was a natural fit for the crypto-friendly Swiss. Regulators there have been far more straightforward about security token oversight than watchdogs in the U.S.

“Due to the regulatory clarity in Switzerland and due to the comfort that the regulators have there with blockchain-based assets, the pace of innovation has been a little bit faster in Switzerland and so that’s why we do see more activity out in Switzerland,” he said.

TokenSoft retooled its STO software to comply with Swiss regulations as well as the EU’s General Data Protection Regulation, the omnibus data privacy law better known by its acronym, GDPR, Borda said. It also supports on-site custody. 

Now, that software will have access to the European market through TokenSoft International AG. A press release said that it was “uniquely positioned” to the Swiss market. 

“We’re seeing increased demand in the European markets and we’re proud to partner with TokenSoft International AG to help meet that demand,” Borda said in a statement.

The firm, which is not owned by TokenSoft Inc or a subsidiary of it, was incorporated in the Swiss canton of Zug in early February with the purpose of “Providing services in the field of information technology, in particular in connection with the trading of blockchain-based effects,” according to the company registration page.

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About Juan Rodulfo

Defined by Nature: Planet Earth Habitant, Human, Son of Eladio Rodulfo & Briceida Moya, Brother of Gabriela, Gustavo & Katiuska, Father of Gabriel & Sofia; Defined by the Society: Venezuelan Citizen (Human Rights Limited by default), Friend of many, Enemy of few, Neighbor, Student/Teacher/Student, Worker/Supervisor/Manager/Leader/Worker, Husband of Katty/ Ex-Husband of K/Husband of Yohana; Defined by the US Immigration System: Legal Alien; Defined by the Gig Economy: Independent Contractor Form 1099; Studies in classroom: Master Degree in Human Resources Management, English, Chinese Mandarin; Studies at the real world: Human Behavior; Studies at home: Webmaster SEO, Graphic Web Apps Design, Internet & Social Media Marketing, Video Production, You Tube Branding, Trading, Import-Exports, Affiliate Marketing, Cooking, Laundry, Home Cleaning; Work experience: Public-Private-Entrepreneur Sectors; Other Definitions: Bitcoin Evangelist, Human Rights Peace and Love Advocate. Author of: Why Maslow: How to use his theory to stay in Power Forever (EN/SP); Asylum Seekers (EN/SP); Manual for Gorillas: 9 Rules to be the “Fer-pect” Dictator (EN/SP); Why you must Play the Lottery (EN/SP); Para Español Oprima #2: Speaking Spanish in Times of Xenophobia (EN/SP). Social Media profiles: Twitter/FB/Instagram/VK/Linkedin/Sina Weibo: @rodulfox
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