Enterprise blockchain technology platform Stratis has announced the launch of its new Security Token Offering (STO) platform.
The product will allow businesses to raise capital by issuing legally permissible, asset-backed securities on its native blockchain.
Stratis has been engaging with the US Securities and Exchange Commission (SEC) to ensure it is compliant with SEC regulations, and the platform has been fine-tuned through “regular dialogue” with the firm’s clients.
The STO platform conforms with both Know-Your-Customer (KYC) and Anti-Money Laundering (AML) laws and has been subject to rigorous testing to make sure it follows the legal requirements for hosting a Security Token Offering.
Stratis’ new platform is an adaptation of its existing Initial Coin Offering (ICO) platform and includes extra legal features to ensure it is suitable for security token issuance.
It will enable companies and organisations to run a secure and flexible web-based application on the Stratis blockchain to issue tokens to investors.
One key feature the platform boasts is real-time pricing, with the ability to accept payments in both fiat (USD) and cryptocurrency (BTC and STRAT).
It utilises currency data from multiple providers such as CoinMarketCap and CoinGecko to ensure its participants benefit from up-to-date prices.
“We are delighted to launch our STO platform, one of the key milestones of our 2019 Development Roadmap,” said Chris Trew, Stratis CEO.
“The STO platform builds on the functionality of the Stratis ICO platform with the addition of several new features that satisfy the rigorous regulatory requirements needed to conduct STOs.
“Our STO platform is highly secure, flexible, and scalable, making it easy for businesses of any size to raise money through the tokenisation of their asset.”
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.