Under the agreement, Token IQ will utilize its patent-pending token platform to launch securities token offerings (STOs) for all Dealbox customers. Using Token IQ, Dealbox is able to deliver Know Your Customer (KYC)/Anti-Money Laundering (AML) which verifies the identity of the user and precludes tokens being transferred or sold to a user who is not eligible to hold it, as well as accreditation verification.
Token IQ’s platform also allows DealBox to implement token recovery for its customers and their investors allowing compliance with securities regulations.
“It’s in every company’s best interest to ensure that their tokens are compliant, easy to transact and safe to own. DealBox is a thought leader in the STO space and now, utilizing Token IQ’s capabilities they are ahead of their competitors in implementing a securitized token that maintains true compliance and keeps its users secure.”
“We have explored all options and have found Token IQ to be uniquely positioned to deliver the capabilities our issuers require, backed by a patent-pending technology platform and a laser-focus on compliance. We’re excited to be able to offer solutions, powered by Token IQ to our customers.”
DealBox’s (DLBX) is a Stellar based token that allows users to participate on the DealBox platform, which provides access to DealBox vetted, pre-sale blockchain ventures.