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NEW YORK–(BUSINESS WIRE)–Jul 20, 2018–seriesOne ( www.seriesOne.com ), a FinTech leader created by industry veterans with decades of expertise across technology, investment banking, venture capital and financial compliance, today announced its partnership with Securrency, the most advanced provider of financial and regulatory technology products for the tokenized issuance and trading of securities. Through this strategic partnership, seriesOne will utilize 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 tokenized securities.
“We believe that Initial Coin Offerings and security tokens represent the next generation of capital formation for businesses,” said Michael Mildenberger, Founder & CEO of seriesOne. “However, maintaining compliance in this new market of tokenized 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 centralized and secure platform, will eliminate the risk of bad actor participation in the distribution and trading of tokenized securities.
“We have always recognized 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,” said 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,” noted 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,” said 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.”
Securrency is a veteran-owned and operated technology products company that delivers a complete suite of security and compliance tools to issuers, broker-dealers, and alternative trading system (ATS) operators to enable the issuance, maintenance, and secondary trading of tokenized securities.
Securrency has developed a unique Compliance Aware Token™ that embeds regulatory and transactional rules in a compliance layer to facilitate legally-compliant securities offerings in the United States and globally. Securrency’s protocol can be utilized on the Ethereum, Stellar, Ripple, EOS and other distributed ledgers, as well as on legacy systems, allowing for seamless on-chain and off-chain movement of tokens.
Securrency was formed in 2015 by US national security and technology experts to enable the free trading of previously illiquid asset classes through compliance and unparalleled interoperability. Securrency offers secure, scalable FinTech/RegTech tools either as individual modules or as a customized venue for listing securities via Initial Token Offerings (ITOs) while providing global KYC (Know Your Customer) and jurisdictional compliance for access to investors.
seriesOne is a FinTech leader created by industry veterans with decades of expertise across technology, investment banking, venture capital and financial compliance. The firm provides strategic counsel, regulatory compliance, fundraising infrastructure and access to a proprietary network of investors worldwide. All of seriesOne’s services are conducted via SEC approved exemptions such as Reg D, Reg. CF, and Reg A+, enabling companies to register, market, and escrow fund raising initiatives via compliant securities offerings.
Ryan Chinm 212-398-9680
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT SOFTWARE SECURITY PROFESSIONAL SERVICES BANKING FINANCE
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PUB: 07/20/2018 09:00 AM/DISC: 07/20/2018 09:01 AM