Tokensoft Launches Private Label Marketplace for Real Estate
San Francisco, 16 June 2020 – Tokensoft Inc. (Tokensoft), a leading technology platform for enterprises, asset managers, and financial institutions, announced today that it has launched the first private label marketplace for blockchain-based securities. The marketplace enables asset managers with a focus on real estate and alternative assets to enable secondary sales of private equity.
“Tokensoft’s platform is transformative for both real estate fund managers and their investors. As an asset class, real estate is challenged by limited liquidity and high transaction costs. Blockchain can address these key challenges and Tokensoft’s platform offers a turnkey, compliance and scalable blockchain-based solution,” said Jake Seid, Tokensoft investor and former President of Auction.com/Ten-X.com, an online marketplace which has transacted tens of billions in real estate.
Alternative asset investments today are largely illiquid due to the manual legal and settlement process. Tokensoft’s blockchain-enabled securities infrastructure streamlines these paper-based processes to provide a simple, convenient experience for secondary market sales in accordance with applicable regulatory requirements.
Asset managers using the Tokensoft platform will be able to offer investors new investment opportunities, as well as a suite of more flexible liquidity, reinvestment, and exit options.
With the full-suite of Tokensoft technology, asset managers will have the benefit of providing investors with:
A private label investor portal (Tokensoft investment account) that allows investors to interact with their investment portfolio. The investment accounts feature an integration with Inveniam Capital Partners (Inveniam) to enable data integrity and price discovery.
Traditional banking support through an integration with Signet, Signature Bank’s blockchain-based payments platform, and Tokensoft subsidiary DTAC LLC., an SEC registered transfer agent.
Secondary market access to buy or sell shares using their Tokensoft investment accounts and our partner broker-dealer, Tritaurian Capital.
“Real estate investments like these are traditionally illiquid for several years. Leveraging a combination of regulatory automation by use of the blockchain, we’ve been able to bring a much needed liquidity solution to market.” said Mason Borda CEO of Tokensoft Inc.
According to Setter Capital, the size of the secondary market for private equity secondaries was $90 billion in 2019, and continues to grow. In the current economic climate, Tokensoft hopes to facilitate secondary transactions in real estate investments while creating a more transparent market for these transactions.
Tokensoft is actively seeking to work with real estate asset managers to build active marketplaces and to collaborate with broker dealers and RIAs who specialize in real estate and alternative assets.
Tokensoft is a leading technology platform for blockchain-enabled securities based in San Francisco, CA. The Tokensoft platform enables forward-thinking enterprises, asset managers, and financial institutions to fundraise, manage investors, and access secondary market liquidity using the blockchain. The Tokensoft platform has processed investors in over 50 countries and Tokensoft customers have raised or managed over a billion USD.
DTAC LLC. (DTAC) is an SEC registered transfer agent based in San Francisco, CA. DTAC is a subsidiary of Tokensoft Inc., a technology and infrastructure provider to enterprises, asset managers and financial institutions, with a focus on blockchain-enabled securities.
Inveniam is laying the foundation for the digitization of the private markets at the intersection of the capital markets, blockchain, and big data. Inveniam’s work involves notarizing, validating, and indexing the data in an event series on the blockchain for data-rich assets. This allows real time pricing of private, seldom traded assets as well as risk management, and other quantitative driven investment strategies into the private markets.