Share this article
Tokensoft Distributes $4M in Equity to Investors Using Ethereum Blockchain
Investors in Tokensoft's $4 million series seed round received a digital form of their equity using Ethereum.
Updated May 9, 2023, 3:08 a.m. Published May 20, 2020, 11:45 a.m.
Tokensoft, a digital securities platform for enterprises and financial institutions, has used blockchain tech to distribute equity to investors in a $4 million funding round.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The seed round, which commenced in July 2018, was co-led by Base10 and e.ventures, with Coinbase Ventures and Fidelity-affiliate Avon Ventures also participating.
The investors receive a digital representation of their investments (based on a Simple Agreement for Future Equity, or SAFE, model) on the Ethereum blockchain using the ERC-1404 tokens to ensure the SAFE agreements will be enforced on-chain. The ERC-1404 standard is used for accounting and compliance purposes.
See also: TokenSoft Expands Security Token Services to Europe With New Swiss Entity
"While many in the industry speak of the benefits of digitizing private capital markets, Tokensoft has actually done this with its own shares," said investor Meltem Demirors, a who has been working with the Tokensoft team since 2018, in a press release.
"I have the ability to hold shares in my wallet, receive dividends, bids or offer shares and gather real-time market data that facilitates price discovery," Demirors added.
According to the company, investors in TokenSoft equity can or will soon be able to benefit from real-time authenticated access to ownership information, with the provenance of transactions recorded on the Ethereum blockchain.
In addition, investors will receive real-time periodic dividend payments in the form of U.S. dollars through integration with Signature Bank's digital payments platform,Signet, as well as DTAC, a Securities and Exchange Commission-registered transfer agent.
See also: Tokenized US T-Bond Fund Seeks Foothold in $17T Market
When activated under the SAFE agreement, shareholders will have access to a secondary market where they can buy and sell their shares.
"We have proven with our customers that the blockchain can streamline and automate secondary transfers," said Tokensoft CEO Mason Borda.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
What to know:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
Top Stories
