Fintech company seriesOne has partnered with Securrency, a provider of financial and regulatory technology products for the tokenised issuance and trading of securities.
seriesOne will utilise Securrency’s platform and products to enable its customers to conduct securities token offerings (STOs) in a secure and regulatory-compliant fashion. In addition, the joint venture between seriesOne and Securrency will establish and secure regulatory approval for an alternative trading system (ATS) for the secondary market exchange of tokenised securities.
“We believe that Initial Coin Offerings and security tokens represent the next generation of capital formation for businesses,” says Michael Mildenberger (pictured), Founder & CEO of seriesOne. “However, maintaining compliance in this new market of tokenised securities can be challenging. Securrency’s best-in-class technology allows us to structure more deals in this space while protecting issuers and investors.”
Securrency was selected by seriesOne because of its unique Compliance Aware Token that has compliance and transactional rules embedded in a security and compliance layer. This fully-built suite of technologies facilitates securities offerings on virtually any distributed ledger or legacy financial services platform and includes Know Your Wallet tools that can detect money laundering and other illegal activity.
These offerings, combined with seriesOne’s ability to connect investors and entrepreneurs through a centralised and secure platform, will eliminate the risk of bad actor participation in the distribution and trading of tokenised securities.
“We have always recognised that security and compliance are the keys to unlocking the full potential of blockchain-based technologies – preventing scams and reducing fraud while empowering important ideas, tech development and more – ultimately creating new investment opportunities,” says Dan Doney, Founder & CEO of Securrency. “Our partnership with seriesOne is perfectly aligned with our mission to push this market forward.”
The partnership with Securrency allows seriesOne’s network of investors to connect with entrepreneurs specific to the ICO industry, thus providing a new line of business opportunities to its users. This accessibility will ultimately allow for the continued growth of security tokens as a commonly traded asset in the financial industry. “Demand is high for securities token offerings structured and marketed in a compliant manner by financial services professionals,” says Mildenberger. “seriesOne’s team has over 50 of combined experience as broker-dealers and, working with Securrency, is poised to address this market need efficiently.”
“seriesOne has an impressive roster of professionals with a deep understanding of these exciting new technologies,” says John Hensel, Chief Operating Officer of Securrency. “Most importantly, their commitment to compliance and investor protection dovetails with our core ethos, making this a fantastic partnership for Securrency.”
