The blockchain services firm Tokeny announced a strategic partnership with Blocktrade this week. The partnership provides Tokeny security token users with more liquidity in the market. It also signals further growth in the security token sector.
Luxemburg-based Tokeny entered the EU market in 2017 as an ICO platform. The company specializes in blockchain-related services such as tokenization and digital asset management. This year, Tokeny stepped into the security token arena in a big way with their (Token Regulated Exchanges) TREX infrastructure.
The TREX infrastructure is an end-to-end security token platform. Users can issue, manage, and trade both utility and security tokens with Tokeny. The company provides both initial coin offering (ICO) and security token offering (STO) related products to businesses. The platform boasts the ability to handle high volumes of contributions while simultaneously instituting bank-grade Know Your Customer (KYC) regulations.
The platform utilizes Ethereum‘s ERC-20 protocol. This token issuance protocol is the most widely used in the world. TREX infrastructure tokens are able to utilize the growing number of ERC-20 compliant products. These include ERC-20 multicurrency wallets and ERC-20 only exchanges.
In a recent interview, Tokeny CEO, Luc Falempin discussed the importance of finding trusted exchanges for their issued tokens. He explained how the strategic partnership with Blocktrade.com helps his firm to “realize” their goals of increased security token adoption.
Blocktrade executives commended the deal. The company’s CEO, Luka Gubo stated his company was “proud to sign the agreement with Tokeny.” He described how both firms share the same vision. He also discussed how security tokens are a crucial step towards large-scale cryptocurrency adoption.
Blocktrade entered the market in 2018 as a high-performance regulated crypto asset trading facility. The firm is currently seeking Multilateral Trading Facility (MTF) licensing in the EU. The company seeks to be the first fully licensed security token exchange in the EU. The platform boasts some impressive statistics with develops claiming the ability to process over one million trades per second. In perspective that’s 10x the speed of the Nasdaq stock exchange.
More Big Partnerships in the Security Token Space
The security token sector continues on its path to large-scale adoption. This month included numerous high-level partnerships between investment firms, blockchain developers, and major exchanges. Analysts predict this trend to continue as security token issuance increases.
Tokeny Makes the Right Move
By partnering with Blocktrade.com, Tokeny opens the door for more liquidity in the market. Liquidity is one of the main concerns security token investors examine before entering the market. Since security tokens can only transfer under strict SEC regulations, it is imperative that token issuance platforms seek strategic partnerships in the market.
To date, Tokeny has agreements with Securitize, Polymath, Neufund, and a host of other blockchain firms. These partnerships place Tokeny in a unique class of premier security token exchanges that include a full MiFIID II license. You should expect increased growth from Tokeny in the coming months as this partnership continues to develop.