investorID is a market-driven decentralized application allowing investors to generate their on-chain identity to access and trade compliant tokenized securities. As an open initiative developed by key players in the blockchain and finance industries, the system aims to become the principal solution for investors to manage their own data and become identified on the blockchain infrastructure.
For the compliant ownership transfer of securities on the blockchain, it’s imperative for issuers to identify and know their token holders. investorID enables issuers to quickly understand whether or not their participants are eligible for the offering. Once this is validated, the jurisdiction’s rules and regulations can be automated.
Once investors create their identity, they can reuse and access multiple tokenized securities with increased ease, speed and cost efficiency. Personal data rules are respected as participants have complete control of their data and can give and restrict access accordingly. investorID features an easy recovery process, meaning users cannot lose their identity or their assets linked to it.
Tokeny CEO, Luc Falempin mentioned, “By creating investorID, issuers can act in full confidence that their securities are being accessed and traded compliantly. 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.”
Luc added, “On the buy-side, It’s fundamental for investors to know they are respecting the necessary rules and regulations in relation to security trading. 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.”
The legislation across Europe has recently been progressive, with Luxembourg having recognised the blockchain as a legitimate infrastructure to register and transfer securities in the form of tokens. As other countries begin to follow suit, it’s imperative for the necessary systems to be in place to enable investors and issuers to act in full compliance.
The Luxembourg based fintech company is the market-leader in delivering an institutional grade, secure end-to-end platform, allowing for the issuance and servicing management of digital assets.
Tokeny utilizes the T-REX (Token for Regulated EXchanges) infrastructure to ensure compliance from the issuance of tokenized securities to their lifecycle management. Tokeny provides technical solutions to onboard investors, manage tokenized securities transfers and corporate actions such as dividends, voting, and announcements. Their solutions ensure continuity with regards to KYC and AML compliance checks, ensuring all participants are eligible for the investment.
Tokeny’s solution leverages blockchain technology and couples it with decades of experience from the traditional securities world. Tokeny utilizes this background to make the participation of any contributor in a security token offering transparent, accessible, and completely secure.
investorID is a decentralised application, allowing for investors to create their on-chain identity to access and trade tokenized securities. The dentities are created by smart contracts which link the identity of an individual to their wallet.
Once an InvestorID is created using the secure network this enables participants to invest in compliant digital securities with increased ease, speed and cost efficiency.