In a continuing effort to expand the functionality of their various services, digital securities issuance platform, TokenSoft, has announced new support for a variety of stablecoins. The stablecoins that will be added to their list of accepted forms of payment are as follows:
- Gemini Dollar (GUSD)
- USD Coin (USDC)
- Paxos Standard (PAX)
The acceptance of stablecoins represents an important move by TokenSoft, as many investors interested in digital securities utilize such assets. Their unique traits, which allow for sheltering from the volatility of crypto assets, all the while providing the benefits associated with them, make them an appealing tool.
Services offered by TokenSoft that will benefit from this development include, not only their issuance platform, but their Knox Wallet as well.
We have discussed the Knox Wallet in the past, as it looks to become a mainstay solution for providing custody for digital securities.
Along with digital securities, we have noted on a variety of occasions in which we believe stablecoins will play an important role in the developing world of blockchain and DLT. The following are a few articles demonstrating developments with regards to stablecoins, and their potential to change the way many investors and companies operate.
In their official announcement, TokenSoft touched on their decision to support a new bevy of stablecoins. The following is what they had to say on the matter.
“TokenSoft is proud to continue providing technology at the intersection of blockchain and securities laws. Providing stablecoin support for our issuers and their investors adds another layer of financial infrastructure to the fast-moving and innovative space surrounding blockchain technology.”
Operating out of San Francisco, California, TokenSoft is a young company which specializes in the tokenization and issuance of digital securities. TokenSoft, notably, acquired Marpine Securities in early 2019. This move allowed for TokenSoft to inherit the ability to offer broker-dealer services within the United States.
CEO, Mason Borda, currently oversees company operations.
In Other News
Beyond simply noting stablecoins as a current trend, there have been multiple instances of giant corporations jumping into the fray. In the following articles we discuss the potential entrance of both Facebook and Walmart into the ring.