TokenSoft Announces Support for R3’s Corda
Updated: Mar 28, 2019
TokenSoft is pleased to announce that it is officially launching support for projects on R3’s Corda blockchain platform. TokenSoft is ready to support token issuers on Corda, and has formed a strategic partnership with the Cordite Foundation. TokenSoft clients such as ArQit will now be able to issue tokens on the Corda blockchain platform using the Cordite Foundationsoftware development kit. As the security token landscape has matured, so has the palette of TokenSoft’s clients. Initially a landscape developed by open source developers, security tokens are entering the enterprise blockchain space, setting a higher bar for the underlying blockchain.
We found that benefits of using R3’s Corda platform are:
Increased Transaction Speeds
The Corda blockchain platform carries a UTXO vs. account based transaction model. This paired with the permissioned consensus layer provides a scalable network that can support very high throughput systems.
Stable and Mature Network
Corda’s ecosystem is composed of the industry’s largest and most reputable banks, market infrastructure, and buy-side institutions. These organizations have already been transacting digital assets on Corda, and are looking for the next wave of the token marketplace on Corda.Corda participants interact in business networks, which can be made completely open or conditionally restricted. This allows issuers and holders to form business networks with the correct level of openness at different stages of the digital asset lifecycle.
Easy to Use Tools
Corda provides the data structures, flows, and network for useful, regulation-friendly token issuance.Cordite provides tools that very simply enable the enforcement of governance, metering, and the creation of currencies in Corda applications.
With tools like Cordite and Corda, we’re excited to provide enterprises and financial institutions with the tools they need to launch stable, performant, high throughput decentralized applications on the blockchain. If you’d like to learn more about how we’re enabling compliant primary issuances on Corda, please feel free to contact us at firstname.lastname@example.org.
TokenSoft is a primary issuance and compliance platform that enables the issuance and distribution of crypto currencies, security tokens and tokenized securities. TokenSoft provides support to startups, enterprises, funds and financial institutions. The TokenSoft platform has the potential to provide banking, securities and tax support to issuers in over 50 uniquely regulated jurisdictions.
R3 is an enterprise blockchain software firm working with a broad ecosystem of more than 200 members and partners across multiple industries from both the private and public sectors to develop on Corda, its open-source blockchain platform, and Corda Enterprise, a commercial version of Corda for enterprise usage.
R3’s global team of over 180 professionals in 13 countries is supported by over 2,000 technology, financial, and legal experts drawn from its global member base. R3 is backed by investment of over USD 120 million from more than 45 firms.
The Corda platform is already being used in industries from financial services to healthcare, shipping, insurance and more. It records, manages and executes institutions’ financial agreements in perfect synchrony with their peers, creating a world of frictionless commerce.
This release is for informational purposes only, does not constitute an offer or solicitation to sell securities, and shall not be construed as legal advice in any jurisdiction. Certain information set forth in this release contains “forward-looking statements” under applicable securities laws. TokenSoft undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change, except as required by applicable securities laws.