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In an interview with CryptoSlate, John Hensel, the company's COO and co-founder, uncovered the unique features that make Securrency an industry leader in security token issuance.<\/p>\n
Given the early stages of cryptocurrency regulation, most security token issuers are not focused on maintaining regulatory compliance for security tokens transferred across borders or into foreign markets.<\/p>\n
Securrency seeks to resolve these issues with distribution control through its patented tokenized issuance software.<\/p>\n
\n“It\u2019s called the compliance-aware token. We used proprietary techniques to map attributes of investors to their wallets and map the attributes of issuance to the token. This process allows the token to self-govern so it can only be traded or transferred to another wallet that has the proper credentials. Having this mechanism actually also lets all market participants who have the proper credentials to act as liquidity providers.”<\/p>\n<\/blockquote>\n
Amid increasingly stringent regulation, the ability to track and adapt security tokens will become imperative to remain compliant with authorities. Securrency has further developed methods of updating security token properties in real-time to adapt to changing regulations in over 160 countries.<\/p>\n
When asked if it's difficult to adapt to a changing regulatory environment, Hensel replied:<\/p>\n
\n“It isn't. When we issue a token, we use a tool called ‘the rules engine,' which is a very capable, convenient tool for mapping code into a token. We actually have the ability to modify and update the token\u2019s code while the token is in circulation. We can amend the token almost real-time to comply with new regulations.”<\/p>\n<\/blockquote>\n
The Securrency\u00a0platform is also ledger-agnostic, meaning that its tokenized issuance services are compatible with several DLT protocols.<\/p>\n
\n“Our tools are able to layer over the top of these other ledgers, which allows us to issue tokens on a ledger that is desired by the issuer. But if for some reason, a ledger is affected\u2013some kind of degraded performance\u2013and it\u2019s necessary to re-issue the tokens, we can rollback the ledger and re-issue the tokens on another ledger with virtually no impact on the token.”<\/p>\n<\/blockquote>\n
As an advanced security token issuance provider, Securrency aims to create automated versatility for security tokens in all aspects of issuance and trading.<\/p>\n
\n“The ability to pivot very efficiently and very securely to an environment where the value is protected is essential. By using an approach that Securrency has adopted, you\u2019re able to get much more liquidity on a global scale.”<\/p>\n<\/blockquote>\n
The Securrency platform enables issuers to define terms of the deal, set distribution rules and tokenize securities in a streamlined workflow. In addition, Securrency has a patent-pending RegTex engine that “can conduct\u00a0KYC in 160-plus countries, AML on both fiat accounts and cryptocurrency wallets” and verify accredited investor identities.<\/p>\n
With patented features unique to the firm, Securrency is poised to become an industry leader in security token issuance and regulatory compliance.<\/p>\n