Crowd For Angels Signs MoU With Tokenization Platform myStake

Peer-to-peer lending platform Crowd For Angels announced last week it has signed a Memorandum of Understanding (MoU) with Australian tokenization platform, myStake. Crowd for Angels reported that myStake is described as an end-to-end share tokenization, registry, and investor relations platform that provides company shareholders transparency, confidence, and a path to liquidity.

According to Crowd For Angels, under the deal, the two companies will partner together on a six-month pilot project, where up to 10 companies invited by Crowd for Angels can use the myStake platform, and all of its features, to tokenize their capital table, giving their investors transparency into their portfolio holding.

Crowd for Angels also revealed that the pilot will see it provide a new platform to better serve the needs of its clients beyond its current offering, while myStake will gain a fuller understanding of how compatible its current platform is in meeting both the registry and the security tokenization needs of companies based in the UK. Speaking about the collaboration, Andrew Adcock, CEO of Crowd for Angels, stated:

“This latest agreement is in line with Crowd for Angels’ strategy to expand in the burgeoning security token industry. We have known the team at myStake for some time and have been impressed with their technology and place within the tokenisation ecosystem. We look forward to working together to deliver benefits to investors and shareholders alike.”

Matthew Mills, CEO of myStake, added:

“We are excited to be partnering with a leading platform for both crowdfunding and for security tokenisation. As leaders in the space, we believe the UK is a fantastic jurisdiction to expand to through working with Crowd for Angels. This pilot we believe will yield a significant advancement in bringing regulatory-compliant security tokens to market here in the UK.”

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