Securitize, Coinstreet Partners, and STO Global-X, a security token exchange platform, have inked a strategic agreement to bring one-stop, end-to-end digital security offering services to the Asian market.
Securitize is a compliance platform and protocol for issuing and managing digital securities on the blockchain, including dividends, distributions, and share buy-backs.
Coinstreet Partners says it is building the next generation “decentralized & fully integrated investment bank.”
Singapore based STO Global-X is the exchange where these digital assets can be traded.
Sam Lee, founder & CEO of Coinstreet Partners, says that while security tokens are at a very early stage of development it is important for the industry to establish a solid ecosystem:
“With Coinstreet’s vast experience and record of successful cases in token consultancy, coupled with our global securities broker-dealer networks, we are very excited about this strategic partnership with Securitize. This will enable us to offer a one-stop security token offering (STO) solution to enterprises, allowing them to leverage a new alternate path in the capital market.”
Floyd DCosta, CEO of STO Global-X, adds taht tokenizing of securities will have a revolutionary impact on traditional financial markets:
“Securitize enables institutions to tokenize securities while STO Global-X facilitates the virtual ownership and trading of conventional assets using digital tokens,” says DCosta. “Together we are able to bring digital securities to the forefront and drive the mainstream adoption of this financial innovation.”
Securitize’s “Digital Securities” (DS) protocol is designed to help companies issue and manage compliant digital securities on the blockchain. More specifically, it manages the processing of investors from login to capital received, as well as the issuance and management of the digital securities, providing compliance, and investor management services.
Carlos Domingo, CEO of Securitize, explains that they only work with companies that have the right financial infrascture to deploy DS but also have understanding of the demands of institutional clients.
“Our partnership with Coinstreet Partners and STO Global-X fits this bill and will help to bring a comprehensive digital securities ( solution to Asia.”