TokenSoft, a company which provides software services to startups, enterprises, funds, and investment banks who seek to issue tokenized securities has announced a new partnership with Tierion, a leader in using blockchain to prove the integrity and timestamp of data, without depending on third-party verification.
Under the partnership, TokenSoft’s token sale platform will now use Tierion’s Chainpoint technology to anchor data from individual purchases to the blockchain, allowing TokenSoft to provide issuers with a verifiable record of their token sale. The integration of Chainpoint with TokenSoft’s sale tracking technology provides issuers with greater peace of mind and strengthens regulatory compliance.
“Transparent and irrefutable record keeping is paramount to our service. We are confident Chainpoint technology will provide a higher quality experience for our clients and their counsel.”
When a buyer using the TokenSoft platform submits their digital signature, their signature is linked to the Bitcoin blockchain — allowing issuers to have certainty that a signature has been received and the purchase has been completed. At the end of the purchase process, buyers are given a unique document that is linked to their digital signature. This establishes an irrefutable audit trail for each purchase, allowing issuers to better meet compliance requirements.
“Chainpoint is a great example of leveraging the blockchain for a proper use case. Not only does Chainpoint give us the ability to anchor our data into the most secure blockchain in the world, it was also a simple integration into our tech stack.”
TokenSoft’s SaaS token sale platform that provides the tools necessary to run a secure and compliant token sale. TokenSoft currently supports Regulation D, Regulation S, and Regulation A+ offerings.