This platform integration will allow for Securrency to benefit from the cap table services, compliance oversight, and other offerings by Vertalo.
One such offering will be open to those that issue their own security tokens via Securrency. They will now gain access to Vertalo’s ‘Liquidity Enablement Platform’.
What all this means is that companies interested in issuing their own digital security, can do so with relative ease. They will be able to rest assured, knowing that their issued tokens are fully compliant with securities regulations. At the same time they will also benefit from an increase in coveted liquidity.
These protocols are known as CAT-20, and CAT-721. Each are tailored for use as security tokens. CAT stands for Compliance Aware Token, and is marketed as an ‘interoperable ledger-agnostic security token protocol’.
After issuance, these tokens can be utilized on any blockchain. This may range from ETH to EOS, and even STR. These tokens inherently govern themselves, to ensure constant adherence to regulations.
The announcement of these protocols was made in early October in a press release. Here, Securrency CEO, Dan Doney, stated, “We developed the CAT-20 and CAT-721 standards because security tokens should be truly liquid – they should not be limited to one ledger and they should be easy to trade, transfer and regulate…This new protocol will enable speed, efficiency and transparency for issuers – from Wall Street to Main Street – while meeting compliance at a global scale.”
Founded in 2017, Vertalo is based out of Austin, Texas. They specialize in both compliance and communication services, for companies based on blockchain.
Speaking on the partnership with Securrency was Vertalo CEO, Dave Hendricks. He stated, “Securrency has identified compliance as a precondition for adoption of digital assets by regulated financial institutions. Through its integration with Vertalo’s Registry and compliance service, Securrency enables issuers, broker-dealers and custody platforms to launch offerings that eliminate regulatory hurdles and meet internal risk management requirements.”
Founded in 2015, Securrency is based out of Washington, D.C. They are a technology company that facilitates the issuance and trading of digital securities.
Speaking on the partnership with Vertalo was Securrency CEO, Dan Doney. He stated, “Through this unique pairing, Vertalo and Securrency will be able to provide their clients with the promised compliance alongside improved liquidity for their assets, thus ensuring a seamless trading process unparalleled by other organizations. We believe that this collaboration will help us follow through on our commitment to simplicity and transparency for our clients.”