NEO invested in Security-Token-platform Liquefy

The open-source Blockchain project, NEO plans to build an Ecosystem for Security Token Offerings. This should happen in collaboration with the Hong Kong company Liquefy.

By Christopher clover
12. June 2019BTC$8.139,00 4.50%part Facebook Twitter LinkedIn xing mail

NEO Global Invest (NCI), the Investmentarm of the NEO Foundation, goes into the business with a token-focused assets. To do this, NCI has invested in the Hong Kong Security-Token-platform Liquefy. The partnership has been the creation of an appropriate Ecosystem to NEO-base to the target. This is from a press release published by Liquefy in may on his website. Thereafter, the cooperation is intended to facilitate publishers of Security tokens, especially the compliance with anti-money laundering regulations (anti-money laundering, AML) as well as the verification of identity of investors (Know Your Customer, KYC) significantly.

It is important to develop a Security-Token-Standard, while the industry is still in its infancy. What distinguishes NEO from other public Blockchain protocols, the Integration of NeoID, which allows it to store KYC, AML, and accreditation status on-chain [and] protection of privacy. This allows issuers to monitor all transactions on the secondary market and trends in order to remain in several countries, compliant,

you can Liquefy CEO Adrian Lai in the press release quote.

in the opinion of the Liquefy is in the growth market of digital securitized securities is a significant need for such a Compliance-as-a-Service Offerings.

The Liquefy platform will support a NEO, which allows the interest groups of NEO the access to the Security-Token-universe. The current process of the Transfer of private securities is fragmented, cumbersome and expensive, since the KYC information of the investors are distributed over several between traders and the Compliance is a manual process,

it is said in the message.

Security Token in the West

Also, from these latitudes, there was recently news of the Security-Token-Front. The Swiss crypto Start-up block state from the Zuger "Crypto Valley planning" a trading place for digital securitised securities. This block of state, itself a pioneer work by the company pours first, own shares in Token Form, and on its platform were sold. While Liquefy relies on NEO, based on the block States their own Security Token, the BKN, on Ethereum. The ERC20-Token-goes on 18. June in the Pre-Sale. As an investment target of two million euros are targeted.

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