This week, the SEC-regulated security token issuance platform, TokenSoft introduced a major upgrade. The new functionality comes in the form of a self-managed wallet for traders. The revamped system promises to be an easy-to-use interface coupled with advanced safety measures. Notably, the upgrade falls in line with TokenSoft’s recent expansions in the market.

Importantly, the new wallet features a less technical user interface. As such, users can easily maintain and manage investments directly from the wallet portal. Additionally, the new wallet integrates a host of regulatory-compliant safety measures, most similar in nature to Ethereum’s ERC-1404 protocol. Also, the wallet includes benefits for issuers as well. For example, there is built-in reporting to simplify auditing systems. Additionally, users receive automated dividend distributions, which also reduces transaction costs.

Security Upgrades

ITokenSoft added some important security updates to their wallet as well. For accounts that hold over $1 billion in investments, a new Multi-signature system is available. The system utilizes a key mannequin to provide the highest level of protection for your digital assets. Multi-signature wallets provide more protection than traditional wallets. Mainly because there are multiple keys required to complete a transaction.

Discussing the upgrade, TokenSoft CEO, Mason Borda described the excitement surrounding the project. He explained how the new wallet pairs a “safety package” with a simplified UX. This simplification of the STO process is sure to benefit the firm’s 100,000 registered traders.

TokenSoft CEO Mason Borda

Additionally, Jordan Davis, Director of Enterprise, described the effect of the upgrade within the financial markets. He stated that these new features apply pressure on traditional financial institutions to reply with a similar product. In turn, all investors benefit because of the new administration instruments. Davis envisions a day where you can easily choose what providers have access to your account, as easy as you choose Netflix shows to watch.

Last Wallet Upgrade

TokenSoft’s last major wallet upgrade came in January 2019. At that time, the firm announced the launch of its Knox Wallet. Impressively, the Knox Wallet was one of the first mobile, cold-storage solutions for securing digital securities.

TokenSoft

TokenSoft entered the market in 2017 with the goal to simplify the issuance and management of digital securities on the blockchain, at scale, and within compliance. The San Francisco-based firm currently offers a full suite of security token and tokenization services. Since its inception, the company continued to gain popularity. Today, TokenSoft is one of the most recognizable names in the market.

In December, the firm’s subsidiary, DTAC LLC registered with the SEC as a Transfer Agent. Importantly, the firm also partnered with Ex- Israeli military cybersecurity firm – HUB Security this month. HUB now provides TokenSoft advanced end-to-end encryption protection on USB and Bluetooth devices.

TokenSoft Gains Momentum

TokenSoft continues to make headlines across the sector for its innovative approach to the market. The firm consistently advances its functionality and positioning. You can expect this latest upgrade to further cement TokenSoft as an industry leader.

This week, the French tokenization startup Blockpulse received registration from the ACPR Bank of France. The regulatory approval allows Blockpulse to move forward with its tokenization platform. Importantly, the registration makes Blockpulse the first STO platform to achieve registration from French financial regulators. Now, French investors have access to all the benefits provided by tokenized securities

As a registered STO platform, Blockpulse gains significant rights in the marketplace. For one, the registration with ACPR Banque de France allows them to add functionalities concerning the Euro. Specifically, the registration allows Blockpulse to manage euro payments for financial instruments, transfers, and token issuances.

In a recent interview, Blockpulse COO Marien Irzykiewicz spoke on his firm’s achievements. He described how the company registered at ACPR Banque de France with its partner, Lemonway, to bring the concept to reality. Importantly, Lemonway is a leading European digital payment solution provider for investment platforms.

The partnership allows the firm to simplify its business systems, For example, the strategy provides the firm the ability to manage both cash and securities flows on the same blockchain. Additionally, the company plans to automatize critical actions through the use of smart contracts. These actions could include payment disbursements, investor verifications, and token issuances.

Blockpulse

Blockpulse entered the market in 2018 with the goal to create an all-in-one box of tools to better serve the STO community. Today, this privately owned company focuses on solutions to raise funds, associate employees and manage investors. Notably, French companies can manage their fundraising in a manner that was previously not possible using the platform. As such, the platform allows companies to create legal documentation, electronic signatures, online payments, cap tables and registry of share movements directly.

Blockpulse via Twitter

Lemonway

For its part, Lemonway provides Blockpulse with top-tier KYC / LCBFT services. Recently, Blockpulse developers described the partnership as a success. They explained that the partnership brings more liquid management to the market. Also, it ensures that Blockport meets all the EU’s stringent securities regulations.

France Only

At this time, Blockpulse is only available to French residents. The company’s CEO stated that the firm intends to “expand in the European Union through Benelux and Spain” in the coming months. For now, investors outside of France can participate in sales, but only meeting pending regulatory restrictions.

French Pivot to Blockchain

As of last year, French regulators began an open policy towards STO integration. Notably, in September 2019, the French Central Bank Governor, Villeroy de Galhau, stated that the bank was observing tokenized securities with “great interests.” Earlier in the same year, Societe Generale, the third-largest bank in the country, issued a €100 million tokenized bond. This latest registration demonstrates that regulators are ready to push blockchain integration to new heights.

Feel the Blockpulse

Blockpulse receiving registration from the ACPR Banque de France is a huge step forward for the entire EU market. The French STO sector could use this momentum to catch up to its EU counterparts in the coming months. As it stands today, the company has the positioning to become the premier STO platform in the country.

This week, Polymath, a leader in the tokenization sector, released its highly-anticipated supporting SDK documentation. The information allows developers to build upon the firm’s applications through a simple but complete interface. In this way, the firm allows developers to leverage the powerful toolset that Polymath developed over the last couple of years.

According to company executives, the main focus of the SDK was to simplify the entire tokenization experience. The firm wanted to distance developers from the “complexities of smart contracts.” In their quest to accomplish this task, Polymath created a feature-rich, user-friendly Node.js library that goes far beyond the competition.

SDK Documentation Feedback

Discussing the move, developers described the excitement around the first release. Specifically, the firm is eager to get its documentation in the hands of the public for feedback. This feedback will be priceless in the firm’s quest to streamline the entire tokenization process.

Polymath SDK Documentation

Polymath’s open-source SDK is a game-changer in the industry. Much like the early days of cryptocurrencies, Polymath understands the importance of developers in the sector. Developers are the gears that create the momentum to move the market forward. As such, the firm put special attention to creating a valuable resource for the market.

SDK Documentation

The SDK documentation provides you with everything you need to know to start your tokenization strategy. The information includes numerous tutorials on how to work with the platform from the front-end application. The documentation focuses on the six most important functions of the protocol.

Token Creation

In this section, developers instruct you on the nuances of token creation. The documentation encompasses the entire process including developing the specifics of your token. You will learn how to reserve a token symbol, pick a token name, attach token details with a URL, and specify other important details of your concept.

Holder Specifications

This section allows you to approve specific addresses to hold your tokens. This process would work with your modules to ensure that only approved addresses can hold tokens. Here, you would incorporate any jurisdictional regulations into your tokens protocol. Importantly, the SDK requires an Ethereum address to function.

Permissions

In the Permissions section, you get to decide who else has administrative access to your project. You can delegate access to any members of your team such as accounting firms, dividend administrators, or token holder administrators. This strategy is critical when developing large scale projects.

Minting

Minting is the process of creating your token. Polymath has made this extremely simple. You just choose the specific address to mint too and the tokens are sent directly there. It doesn’t get easier than that.

STO

Now that you have a token ready to go, you can start the STO process. Polymath’s SDK documentation shows you exactly how to set parameters for your project. You can choose different protocols for a plethora of key aspects of your event. Choose items such as accredited vs. non-accredited token holder limits, pre-issuances details, tiered sales, and much more. Finally, you can set what currencies to accept. Notably, the platform allows ETH, POLY, or a wide selection of stablecoins. Additionally, nearly all fiat currencies are accepted.

Polymath SDK Documentation

This latest release is sure to catapult Polymath ahead of the competition. The firm seeks to create an STO development community around the platform. If successful, Polymath is sure to gain the lion’s share of the market moving forward. For now, you can download Node.js and start building today.