Securrency, a Fintech – Regtech in the digital asset sector, has partnered with Unqork, a “codeless as a service platform,” to offer a digital asset solution for private markets.
According to a corporate statement, the goal is to provide financial institutions and others with everything they need to launch a digital asset marketplace.
Features include onboarding users, document management and execution, a compliant token offering and secure transactions via digital wallets. The service utilizes Stellar, Ethereum, and other “top-tier blockchains” for real-time fund subscriptions and redemptions.
Dan Doney, CEO of Securrency, said that by using blockchain technology to create tokenized assets along with automated compliance they can streamline financial transactions for investors and financial institutions.
“We recognized the tremendous value in what Unqork’s codeless architecture can deliver, and are excited to use it with our Capital Markets Platform to help customers grow their private markets businesses and provide greater liquidity and access to investors,” said Doney.
Gary Hoberman, CEO and founder of Unqork, commented:
“For years, Unqork’s codeless platform has been used by some of the world’s largest financial institutions to build mission-critical applications. We are excited to now bring codeless architecture to digital assets to address some of the most important priorities in this growing industry, empowering enterprises with built-in composability, security, and scalability for their most complex applications,” said “Coupled with Securrency’s Capital Markets Platform technology and digital asset expertise, we are delivering a world class token solution for private markets customers looking for a customized end-to-end marketplace experience.”
The two companies claim this is the first time that codeless tech has been used to build, deploy, and manage an out-of-the-box blockchain-based solution for tokenized private securities and other assets.