Mercury.Cash, a wallet and emerging crypto exchange, has selected KoreConX’s services for their security token offering (STO), according to a release from KoreConX. Mercury.Cash a fully licensed crypto and remittance exchange authorized to do money transmission by Office of Financial Regulation with Money Transmitter License in Florida.
The company offers a live hosted-wallet solution with a current customer base of 10,000+ users and allows for the real-time liquidation and transfer between cryptocurrency and fiat assets. Headquartered in Orlando, Florida, Mercury.Cash is said to be the first of its kind to obtain a Money Transmitter License in the State.
Victor Romero, CEO of Mercury.Cash, said that his company is all about regulatory compliance.
“This makes KoreConX the natural choice when it comes to issuing security tokens, as the KoreToken protocol was created with full compliance across multiple jurisdictions in mind. Just as important, the KoreToken protocol also incorporates safety, security, and investor protection. We look forward to working with KoreConX during our offering.”
Oscar Jofre, co-founder & CEO at KoreConX, said they were pleased to work with Mercury.Cash as they share the same values of dealing with securities in a responsible way.
“Based on our extensive experience with regulatory compliance, we are able to manage both the issuance and the complete lifecycle of securities through our KoreToken protocol,” added Jofre.
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