Tokenomica, a digital asset exchange company starting up in Malta, today has a partnership with Blockpass, a digital identity application, and service which provides a streamlined and cost-effective user onboarding process for regulated industries and any kind of online service.
From the Blockpass Application, users can create, store, and manage, a data-secure digital identity that can be used for an entire ecosystem of services or token purchase.
Incorporated in Malta, taking advantage of the jurisdiction’s forward-thinking approach to cryptocurrencies and blockchain technology, Tokenomica operates a regulated and licensed crypto-exchange business, under the transitory period acknowledged by the regulators in Malta, which will become fully regulated and licensed in due course, providing both crypto-to-crypto and crypto-to-fiat options. Tokenomica, which is built on top of the Waves blockchain, carries out extensive checks on the VFAs it lists to ensure only the highest quality tokens are listed for trading.
The company recently launched the Beta version of its Security Token Issuance Platform, which provides fully compliant solutions for Security Token Offerings and offers an automatic tool which can be used to design security tokens by following a simple step-by-step process.
“We are excited to announce this new partnership with Tokenomica. Regulated and reliable exchanges are vital to realize the benefits that cryptocurrencies and blockchain bring, and STOs are increasingly becoming an integral part of these ecosystems as they revolutionize the way we conduct business. In working with other companies in the field of STOs, we are developing an important area in the blockchain and cryptocurrency space, and we look forward to working with Tokenomica to provide simple, secure and compliant access to both exchanges and STOs.”
“Block Pass is a new word in compliance, and we are immensely pleased to use this technology in our product. What makes Blockpass unique is that it provides added value to users. The use of traditional KYC providers is essentially a burden for them: it is necessary to provide the same documents over and over again every time they want to use a new service. Blockpass technology allows them to create a single KYC ID which is then stored exclusively on the user’s device and which they can use for all the services connected to the Blockpass. This is an ideal solution for ecosystem products such as Tokenomica.”
