OKTO and Jean Martin Seek to Increase Security Token Adoption

The financial services platform OKTO announced a strategic partnership with the digital high-tech product development team at Jean Martin Inc. The partnership will help to further security token adoption in the coming months. OKTO currently offers businesses and individuals a suite of security token related products. According to OKTO CEO, Grace Schroeder, the strategic partnership will give the firm the tools needed to “better serve the surging demand” in the security token sector.

OKTO seeks to expand their reach in this growing crypto sector. Currently, the firm specializes in three distinct areas. Primarily, OKTO is a security token issuance platform. The OKTO security token protocol features full KYC and AML integration. Security token issuance platforms are on the rise. Already this year, multiple platforms entered the cryptospace offering such services. OKTO hopes to beat out the competition.

OKTO users also gain access to transfer agents. Transfer agents perform duties associated with sending or receiving security tokens. Unlike traditional utility tokens, security tokens can't be sent to just anyone. Users must verify their identity before they can participate in a security token offering. Transfer agents are a critical component in this sector. They help users maintain their security token registration. This assistance helps investors when transferring their tokens across the growing number of security token oriented platforms.

The OKTO Platform via Homepage

In addition to these hands-on services, OKTO provides clients with tax accounting assistance. The platform automatically collects transaction data through the use of integrated API protocols. This trackability allows security token users to better manage profit/loss by providing a clear and concise analysis.

Strategic Partnership

OKTO chose Jean Martin as their strategic partner because of the firm's proven track record of success in terms of implementing new technologies. Researchers predict a huge spike in security token usage over the coming years, and company executives want to capture as much of this revenue as possible. In a public statement, company executives spoke on their decision to go with Jean Martin. The CEO of the firm called the partnership a “perfect fit”.

Jean Martin

OKTO isn't the only firm excited about the partnership. Jean Martin officials stated that the company is “delighted” about the partnership. The company’s head of Blockchain development, Hari Nott stated that the firm continues seeing increased interest in the security token sector and that his team has solutions to the most “pressing” problems facing the industry.

Jean Martin Inc. specializes in new technology integration. The firm strives to be on the cutting edge of technological advancements including AI, Data Science, Blockchain technology, mobile Apps, and the Internet of Things (IoT). In addition to these high-tech services, the firm also provides clients with more traditional digital products such as SEO optimization and digital analytics.

A More Secure Tomorrow

Security tokens offer companies the ability to utilize the benefits of blockchain technology for fundraising purposes. These tokens shift the paradigm of the cryptomarket into a more regulated space. These added regulations attract traditional investment funds, and many in the crypto space see this shift as the natural evolution of the cryptospace.