Startup From USA Creates Wallet For Tokenized Assets
TokenSoft, a blockchain startup from San Francisco, has developed a beta version of a wallet for cryptocurrency and tokenized securities, according to the company's press release.
The crypto wallet is called Knox Wallet. It will provide customers with the possibility of cold storage of assets and will allow them to simultaneously manage several cryptocurrencies, including bitcoin and ether, as well as tokenized securities in the form of stocks, IOUs, etc.
Knox Wallet is currently being tested, and its launch is scheduled for the first quarter of 2019.
By developing the wallet, TokenSoft aims to provide issuers with a corporate tool for managing their crypto assets. The platform will make it possible to reduce or increase the number of tokenized securities in circulation.
Users need the safest solutions, and the new crypto wallet can provide such an opportunity, the TokenSoft experts assert. According to a report by CipherTrace, scammers stole cryptocurrency worth about $1 billion in the first nine months of 2018. Considering this data, the safe storage of crypto assets is crucial for customers, Mason Borda, TokenSoft head, stated.
In December 2018, TokenSoft invested in a brokerage firm that meets the requirements of the US Securities and Exchange Commission (SEC). Thanks to investments, TokenSoft got the opportunity to offer issuers the opportunity to sell tokens independently or work with a brokerage company to sell assets on its behalf.