The popular security token issuance and asset servicing platform TokenSoft introduced its new tech solution that offers self-managed wallets for security token investors. The new solution brings a traditional broker experience and goes by the name TokenSoft Investment Accounts.
TokenSoft’s security tokens platform is used by financial institutions to manage IPOs and supports the full lifecycle of a security.
TokenSoft CEO, Mason Borda, did not hold up his enthusiasm:
“We’re excited to bring a multi-signature wallet security packaged in a self-controlled, easy to manage brokerage-style experience to the over 100,000 investors using our platform.”
Current storage solutions were built for general applications in mind, have insufficient cybersecurity measures and, according to users, are rather difficult to use.
Some of the benefits that come with TokenSoft Investment Accounts are the brokerage-style user experience, the multi-signature key model that is utilized by wallets containing more than $1 billion, and the smooth and easy access to dividend distributions and reinvestment opportunities.
We should also mention that the new platform supports popular compliant security token standards like FA1.2 and ERC-1404, for Tezos and Ethereum respectively. TokenSoft Investment Accounts offers reporting capabilities for issuers who are providing financial disclosures to investors.
VP of Business Development at TokenSoft, Jordan Davis, compared their new solution to Netflix:
“People will be able to add or remove service providers from accessing their assets the same way you can add or remove profiles from your Netflix subscription. The ability for non-technical individuals to self-custody is going to change the way assets under management models work in traditional finance. Wallets like TokenSoft Investment Accounts will put pressure on financial institutions to provide better client servicing, value-add services, and investment management tools to earn investors’ business.”