Securrency, a financial services technology company, has just announced that they are partnering with Vertalo to bring compliance and liquidity to the tokenized security economy. Vertalo will be integrating Securrency’s security token protocols onto its registry and compliance-based systems.
Compliance is one of the building blocks for the security token industry, a necessary precondition for digital assets to be adopted by regulated financial institutions. Now, a recent partnership might make this precondition a little bit easier.
Vertalo is partnering with Securrency to integrate its Registry and Compliance interface with Securrency’s CAT-20- and -721 security token protocols. This will allow broker-dealers and other interested participants to seamlessly register, issue, and manage tokenized securities. The two firms plan to merge both of their two platforms to eliminate the regulatory hurdles that still exist.
“Simplicity and Transparency”
As part of the integration of the two platforms, issuers and clients of Securrency will be able to view and configure their Stakeholder Registries through Veralo’s services, which will be integrated into one’s Securrency account.
Vertalo has partnered with other firms who are pursuing similar endeavors in the past. Currently, Vertalo works with a few big-name companies specializing in digital assets such as VerifyInvestor, OpenFinance, and PrimeTrust.
Dan Doney, CEO of Securrency, commented on the announcement saying:
“Through this unique pairing, Vertalo and Securrency will be able to provide their clients with the promised compliance alongside improved liquidity for their assets, thus ensuring a seamless trading process unparalleled by other organizations.”
On the Vertalo platform, broker-dealers will be able to choose Securrency as an issuance platform among their other service providers.
Dave Hendricks, the CEO of Vertalo. also commented on the partnership with high hopes:
“Through its integration with Vertalo’s Registry and compliance service, Securrency enables issuers, broker-dealers and custody platforms to launch offerings that eliminate regulatory hurdles and meet internal risk management requirements.”
What Securrency has done right, Hendricks said, is that they have rightfully identified compliance as a precondition for the adoption of digital assets. By creating a platform that makes this regulatory environment easier to navigate, Securrency is one of the many companies working to bring tokenized securities to the traditional investor community at large.
What do you think of Securrency’s recent partnership with Vertalo? How long do you think it will take for these many behind-the-scenes partnerships in the security token industry to materialize into real financial adoption? Let us know in the comments below.