Luxembourg 17 December 2018 - Tokeny, the compliant tokenization platform, has today announced the T-REX, to enforce the compliant transfer of securities on the blockchain. The T-REX standard is a decentralized set of global tools, based on the Ethereum blockchain, to allow for the interoperable, frictionless and compliant transfer of tokenized securities.
In recent months, a new type of financial offering has emerged, in the form of Security Token Offerings (STOs). STOs are by definition securities and offer multiple benefits over traditional financial methods. Underpinned by blockchain technology, this new method can deliver an array of benefits and offers the opportunity to automate existing processes, reduce operational costs, increase liquidity and enable a greater transfer speed of ownership.
Luc Falempin, Tokeny CEO mentioned, “By creating the T-REX standard, we are enabling the issuance of compliant STOs. There are three key pillars to these tokens, the identity management system, a set of validation certificates and the transfer manager. These three components essentially allow issuers to use a decentralized validator to control transfers and ensure investors meet the obligations in each jurisdiction the tokens are distributed in.”
These three pillars are key in addressing significant issues that have surrounded blockchain technology. By introducing a set of tools that are designed to effectively process KYC, AML checks and manage the investor after the issuance, T-REX is delivering a solution in an industry that is surrounded by fraudulent activity.
Luc Falempin, added, “Everyone is aware of the problems that have surrounded blockchain technology. But the fact still remains, blockchain remains one of the most significant technological advancements in recent history. By recognizing that there are problems and coming up with a set of solutions that address those pain points we are helping form this ecosystem and driving mass adoption across capital markets.”
Blockchain technology was created with the vision of having a decentralized source of truth, and Tokeny is staying true to this vision. By publicly sharing the T-REX, Tokeny is contributing to the tokenized securities ecosystem and building a community that can contribute to the continuous development of tools on the blockchain. To access the T-REX source files, including the full set of smart contracts and whitepaper, you can use the links below:
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 tokenized securities.
Tokeny utilizes their proprietary 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 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.