IdentityMind is a provider of solutions, ensuring compliance with anti-money laundering, and know-your-client, regulations. Recognizing the importance of a solution such as this, Tokeny has now partnered with IdentityMind. In doing so, services by IdentityMind will be offered under Tokeny’s investorID solution.
This solution was developed by Tokeny, allowing for all investors to create an online identification. The identification can then be used to ensure that appropriate access to STOs is provided. This is a necessary step for investors wishing to take part in many security token offerings, as these events are often restricted to accredited investors.
Representatives from, each, Tokeny and IdentityMind took the time to comment on the inclusion into investorID. The following is what each had to say on the matter at hand.
Luc Falempin, CEO of Tokeny, stated,
“This partnership reflects the growing ecosystem of investorID, a not-for-profit application we recently launched. The top providers of KYC and AML information are joining one by one to give the tokenized securities issuers the best choices available in the market. By joining the investorID ecosystem, these identity providers have the opportunity to work with issuers using the T-REX Ethereum standard.”
Jose Caldera, Chief Products and Marketing Officer of IdentityMind, stated,
“Trust is critical in maintaining the momentum of digital asset transactions…Since our founding we have helped companies identify the good guys – those they want to do business with, while avoiding the bad guys. Working together with Tokeny’s investorID standard, we bring these capabilities to investorID and with it, the required transparency, integrity and compliance.”
IdentityMind is a Californian company based out of Palo Alto. They launched in 2013, with a goal of providing services to fight fraud, money laundering, and a variety of other nefarious activities.
Company operations are overseen by CEO, Garrett Gafke.
Headquartered in Luxembourg, Tokeny is a fast growing company, which was launched in 2017. Under the watch of CEO, Luc Falempin, Tokeny has managed to produce various blockchain based solutions. These have allowed for the company to host successful STOs, and set themselves up for a bright future in the digital securities sector.
In Other News
Tokeny is rapidly becoming one of our most commonly reported companies. Not only have they announced their participation in efforts to further the industry, but they have successfully launched various solutions, and hosted STOs. Here are a few articles demonstrating the progress that Tokeny has been making in recent months.
- Investing in Yearn.finance (YFI) – Everything You Need to Know
- Euro Forex Market Remains Weak in Early Trading
- Mainstream Tax Solutions Making Their Way into Crypto
- Gold vs Silver – Key Differences for Investors
- INX to Acquire and Merge with OpenFinance, Creating Regulated Trading Platform for Digital Securities and Cryptocurrencies