TokenSoft, a provider of software services to startups, enterprises, funds, and investment banks who seek to issue tokenized securities has announced a new partnership with Tierion, a leader in using blockchain to prove the integrity and timestamp of data, without depending on 3rd-party verification.
For the partnership, TokenSoft’s token sale platform will now use Tierion’s Chainpoint technology to anchor data from individual purchases to the blockchain, allowing TokenSoft to provide issuers with a verifiable record of their token sale. The integration of Chainpoint with TokenSoft’s sale tracking technology provides issuers with greater peace of mind and strengthens regulatory compliance.
[perfectpullquote align=”right” bordertop=”false” cite=”Mason Borda, TokenSoft CEO” link=”” color=”” class=”” size=””]“Transparent and irrefutable record keeping is paramount to our service. We are confident Chainpoint technology will provide a higher quality experience for our clients and their counsel.”[/perfectpullquote]
When a buyer using the TokenSoft platform submits their digital signature, their signature is linked to the Bitcoin blockchain — allowing issuers to have certainty that a signature has been received and the purchase has been completed. At the end of the purchase process, buyers are given a unique document that is linked to their digital signature. This establishes an irrefutable audit trail for each purchase, allowing issuers to better meet compliance requirements.
[perfectpullquote align=”full” bordertop=”false” cite=”James Poole, TokenSoft CTO” link=”” color=”” class=”” size=””]“Chainpoint is a great example of leveraging the blockchain for a proper use case. Not only does Chainpoint give us the ability to anchor our data into the most secure blockchain in the world, it was also a simple integration into our tech stack.”[/perfectpullquote]
TokenSoft’s SaaS token sale platform that provides the tools necessary to run a secure and compliant token sale. TokenSoft currently supports Regulation D, Regulation S, and Regulation A+ offerings.