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Tokeny releases TREX – The first public framework for Security Token Offerings

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Tokeny releases TREX - The first public framework for Security Token Offerings

Announcement

In an announcement released earlier today, Tokeny has detailed their project, called Token for Regulated Exchanges – or ‘T-REX’ for short. This moniker refers to what they call a ‘decentralized set of global tools, based on the Ethereum blockchain, to allow for the interoperable, frictionless and compliant transfer of tokenized securities’.

In other words, they have made a set of rules which they are hoping participants within the industry follow. In doing so, everyone’s lives will be easier, as everyone will be on a level playing field.

Tokeny CEO, Luc Falempin, commented on the release of the T-REX framework. He stated, “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 our clients to use a decentralized validator to control transfers and ensure investors meet the obligations in each jurisdiction the tokens are distributed in.”

T-REX

The T-REX framework identifies various key areas throughout the token issuance process.  In doing so, it works to ensure interoperability through standardization.

  1. Identity management system
  2. Validation certificates
  3. Transfer management

By providing framework for these areas, those that adhere to the standards can expect high levels of security and efficiency. Both of which, are highly sought after benefits in the world of blockchain.

To learn more about the fine details of the framework, make sure to read the whitepaper HERE.

Competition

While multiple frameworks have been announced in recent weeks, this is the first that has been made available to the public. For instance, most announcements to date have simply been the announcement of intentions to create frameworks, or they have simply been closed-source projects. Rather, those at Tokeny have decided to take a different path, and do things their own way.

Tokeny

Tokeny is a fintech company, founded in 2017, and is based out of Luxembourg. Their primary goal is to develop and offer a comprehensive platform to assist those looking into tokenization.

Luc Falempin commented on the state of blockchain, and what they are doing to develop their platform. He stated, “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.”

As a result of words like these, it should come as no surprise that this is not the first time we’ve detailed Tokeny on Securities.io. In recent weeks we have touched on news regarding various partnerships with companies such as BlockTrade, and the Security Token Network.

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Joshua Stoner is a multi-faceted working professional. He has a great interest in the revolutionary 'blockchain' technology. In addition to this, he is a licenced Paramedic in Nova Scotia, Canada. As such, he can provide emergency care/medicine to any situation necessitating it.

Issuers

MASEx Invests in TTChain

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MASEx Invests in TTChain

This week, the token ecosystem provider TTChain became a subsidiary of MASEx after securing an undisclosed amount of capital funding from the firm. The funding is set to further the platform’s tokenization capabilities and next-generation decentralized exchange.

News of the acquisition first emerged via press release in which MASEx developers touched on the main motivation behind the project. According to company documents, developers seek to remove many of the roadblocks and pain points encountered by firms looking to host an STO.

Specifically, the post points out the limitations found in the most common type of STO protocol – ERC20 tokens. MASEx believes they can provide a better solution to the market while reducing transaction fees. As such, the company unveiled plans for the MASEx 2.0 exchange enabler. This platform will provide the market with a host of new features.

MASEx 2.0

MASEx 2.0 is a fully decentralized exchange that utilizes cross-chain technology to facilitate high-frequency trading. Notably, the platform can handle 8000+ transactions per second. Additionally, MASEx 2.0 integrates advanced AI trading protocols that simplify the entire investment process.

MASEx Founder Aaron Tsai via Twitter

MASEx Founder Aaron Tsai via Twitter

Discussing the maneuver, Aaron Tsai, Founder and Chief Capitalist of MASEx spoke on the power of TTChain’s technology. He explained that only TTChain could provide the security and flexibility developers envisioned. Lastly, he touched on the accomplishments of the team, including the “huge stride” made in the area of transaction speeds.

TTChain

For its part, TTChain will provide the technical infrastructure to the MASEx platform. These contributions include the development and maintenance of both, the trading and industry-grade security technologies. Importantly, TTChain’s proprietary tech enables the trading of cross-chain assets as well.

Cross-chain trades are now a reality thanks to advancements within the Lightning Network infrastructure. These trades enable more liquidity in the sector and provide investors with more options moving forward. TTChain continues to expand its cross-chain trading capabilities which are an important part of the firm’s market strategy.

Speaking on the development, Nick Huang, TTChain CEO congratulated his team on pioneering cross-chain technology. He also spoke on some of the capabilities the platform will gain in more detail. For one, he stated that the platform will be able to trade around 60%+ of the current stablecoins available in the market. He also touted the 8,000+ transactions per second the platform will handle as proof of its ability to scale for mass adoption.

MAS Capital Universal Exchange (MASEx)

MASEx is a blockchain-based universal trading platform and STO exchange. The platform provides access to investors globally. Importantly, the company made a name for its self through the use of proprietary AI technology. Today, users can trade a wide variety of financial instruments including securities, commodities, FOREX, and digital assets.

MASEx Expands its Functionalities

It was a smart decision by MASEx to partner with TTChain on the platform’s expansion. Both firms have a reputation for high-quality services. You can expect to see this dynamic duo put forth some exciting new products in the coming weeks.

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A Look at the Ravencoin Token Issuance Blockchain

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A Look at the Ravencoin Token Issuance Blockchain

The next-generation blockchain platform, Ravencoin continues to gain momentum in the marketplace. The blockchain represents a shift from traditional chains over to a more security token-centric approach. As such, Ravencoin provides a compliant enterprise-grade security token issuance solution for firms seeking more out of their blockchain.

Ravencoin

The Ravencoin blockchain is an open-source protocol that provides users with a plethora of new and exciting features directed at corporate users. For one, the platform features an easy-to-use interface. In fact, once registered, the interface allows for the issuance of tokens in under a minute directly from the Ravencoin-Qt wallet.

Ravencoin developers entered the market with the goal to tackle problems faced by today’s token issuance platforms. Security tokens require adherence to strict guidelines in order to remain within compliance. As such, firms must ensure that the technology they use covers all aspects of the current regulations regarding legally compliant token offerings.

In order to guarantee Ravencoin users fulfill these obligations, developers set out to create a new kind of blockchain, specifically designed to handle these tasks. To make their efforts a reality, developers focused in on nine main areas of concern. Here is a look at some of Ravencoin’s most important features.

Restricted Assets

As with any token issuance platform, smart contracts allow issuers to preprogram compliance mechanisms directly into a token’s protocol. These requirements must be met by token holders prior to any actions. Importantly, these rules are set by the issuer and enforced by the distributed code. Notably, issuers can create coding that changes over time by labeling their token re-issuable. This is a powerful tool because, in many instances, companies may want to remove certain requirements after a specific time period passes. In most cases, this function would remove “accredited investors only” after a pre-programmed time period. In turn, this allows multi-round investment strategies to operate in a seamless manner.

Tags – Ravencoin

Tags are another cool feature the platform brings to the market. In essence, Tags allow issuers to keep certain assets restricted to only those addresses that are properly tagged. This feature ensures that all token holders have met predetermined criteria. These criteria can include KYC, accreditation, affiliation, as well as, limits on the number of addresses allowed to participate in the event.

Ravencoin via Homepage

Ravencoin via Homepage

KYC Platform

Ravencoin also provides high-level KYC services to issuers. In order to accomplish this task in a consistent manner, Ravencoin integrated its system with Finclusive. This integration provides Ravencoin with the highest levels of KYC/AML/OFAC. So much so, that the company intends to offer these services as a standalone product moving forward.

Freeze

As a compliant-focused blockchain Ravencoin has a host of features designed to meet these challenges. Freeze is one of these features. This product allows issuers to freeze the assets of a nefarious token holder. This protocol is a compliance requirement set out in the new Rule 144. Additionally, this service allows issuers to restrict stock based on asset type or a specific address.

Memos

Memos is another compliant mechanism that is unique to Ravencoin. This feature allows issuers to transfer, freeze, or tag notes to an asset. These notes save as metatag data within the transaction. As such, these notes allow issuers to do things such as specify court orders or other important token life cycle changes.

Dividends or Payments

Ravencoin users never have to worry about timely dividend payments. The platform features an automated payment system. This system can handle a huge variety of payment strategies to suit your business’s particular needs. These payments can include profits, royalty stream, or contractually obligated payments.

Voting

Another awesome feature Ravencoin developers included was a voting mechanism. In instances such as equity tokens, users gain voting rights. Ravencoin users can exercise these rights directly within the platform. In this manner, the entire process becomes streamlined.

Messaging

Lastly, Ravencoin users enjoy a robust messaging service. This feature is primarily used to inform token holders of upcoming changes or other relevant information regarding their investments. Importantly, this information can include updates on when, and what topics, are up for the next vote.

Ravencoin

The Ravencoin project entered the market in January 2018 with the goal to service enterprise-level security token issuers. Importantly, the platform’s developers started with a code fork of bitcoin version 0.15.99. Despite being a code fork, Ravencoin developers created their own consensus mechanism – X16. This development was huge at the time because it enabled Ravencoin developers to avoid a situation in which ASIC miners dominated the blockchain.

In July 2019, the firm announced a change to the algorithm. The decision to change came after developers saw that ASIC miners were in use on the X16 algorithm. The new mechanism was named X16R and involved adding an extra hashing algorithm to the equation. This randomization halted the use of ASIC mining on the blockchain for the time being.

Heavy Funding

Notably, the Ravencoin project’s development team received funding from Overstock.com subsidiary Medici Ventures. As such, the Overstock CEO at the time, Patrick Byrne did many interviews describing why the new platform was a real game-changer in the market.

Today, the platform has numerous strategic partnerships within the sector. These partnerships cover the gambit of the token markets ranging from KYC partnerships, all the way to virtual reality arcade providers such as LoftVR.

RVN Tech Data -Ravencoin

The Ravencoin blockchain features a one minute block time. The block reward for miners is currently 5000 RVN. Notably, 21 billion RVN in total will see the market. Also, the next reward halving schedule is set at block 2,100,000.

Ravencoin – A Next-Generation Security Token Blockchain

A quick glimpse at Ravencoin reveals the extent to which developers went to create a security token specific blockchain. This platform provides the features required in a digitized economy. You can expect to hear a lot more about this blockchain as more firms turn towards its easy-to-navigate systems to better their tokenization experience. For now, Ravencoin represents a hard shift towards security token only blockchains.

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Validity Labs Joins the International Token Standardization Association ITSA

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Validity Labs Joins the International Token Standardization Association ITSA

This week, the Swiss-based blockchain educational and infrastructure platform, Validity Labs confirmed the firm joined The International Token Standardization Association (ITSA). The decision to join the ITSA comes at a crucial stage of the EU’s STO regulatory development. The move demonstrates a further push for a more robust framework to support the expanding security token sector.

Validity Labs is one of the leading providers of blockchain-based decentralized applications in the region. The firm gained notoriety as an early mover when it entered the market back in 2015. At that time, the firm was the first blockchain education company in Switzerland.

Validity Labs – A Premier Blockchain Service Provider

Since then, Validity Labs assisted numerous developers and startups with educational and technical support. This support included hands-on workshops that covered a wide range of blockchain-related subjects. These topics include subjects like learning to program smart-contracts. Additionally, the firm provided educational classes for legal professionals, issuers, accountants and asset managers.

Today, Validity Labs is one of the premier platforms for blockchain-powered decentralized applications. Importantly, the firm now offers end-to-end STO implementation services with the goal to bridge the line between technology and legal compliance within the sector.

International Token Standardization Association (ITSA)

ITSA is a Non-profit German law association that specializes in token taxonomy. Token taxonomy is the identification, classification, and analysis of blockchain-based tokens. As such, the group is a leading voice for the promotion, development, and implementation of comprehensive security token market standards.

ITSA via Homepage

ITSA via Homepage

Token taxonomy continues to be a hot point of discussion within the market. Recently, regulators started prosecuting tokens that they believe violated the current securities laws. As more regulations come into place, a token’s classification can have a huge impact on the overall liquidity, profitability, and functionality a token possesses. Consequently, a token’s profitability depends on its classification in many instances.

ITSA Sees Growth

ITSA continues to see expansion in the EU market. To date, the firm includes some of the biggest names in both the finance and blockchain spaces. For example, the group already works with a host of universities including the Frankfurt School of Finance and Management, University of Mainz, TU Munich, and the UCL Centre for Blockchain Technologies in London.

Additionally, the group secured many important bank members over the last two years. These organizations include. Commerzbank’s Main Incubator, Bank Frick, MME, Börse Stuttgart, Bundesverband Deutscher Banken, and the German Investment Funds Association BVI).

ITSA Prepares for the Digitized Economy.

Importantly, ITSA provides startups with a plethora of helpful information. Startups can seek out support and know-how in the areas of blockchain-enabled solutions, decentralized applications, tokenization, and security token offerings. To date, the group already has helped startups SolarisBank, CryptoTax, and Ambrosus achieve growth.

Validity Labs – A Bright Future

The decision to join the ITSA was a smart maneuver. On top of all of the technical and legal support the firm now has access to, they also are a part of a huge network of blockchain professionals. This network will help Validity Labs achieve its lofty goals in the market.

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