Coinstreet Partners, the token consultancy and crypto investment firm, STO Global-X, a security token exchange platform, and Securitize, a blockchain-based digital security issuance and management platform, entered into a strategic partnership to bring one-stop, end-to-end digital security offering (DSO) services to the vibrant Asia market, which has yet to see widespread adoption of tokenized securities.
“While security tokens are at an early stage of development, it is very important for the industry to establish a solid ecosystem and foundation,” said Samson (Sam) Lee, Founder & CEO of Coinstreet Partners. “With Coinstreet’s vast experience and record of successful cases in token consultancy, coupled with our global securities broker-dealer networks, we are very excited about this strategic partnership with Securitize. This will enable us to offer a one-stop security token offering (STO) solution to enterprises, allowing them to leverage a new alternate path in the capital market,” Lee added.
“Tokenizing securities will have a profound impact and revolutionize traditional financial markets. We are very excited about this strategic partnership – Securitize enables institutions to tokenize securities while STO Global-X facilitates the virtual ownership and trading of conventional assets using digital tokens. Together we are able to bring digital securities to the forefront and drive the mainstream adoption of this financial innovation,” said Floyd DCosta, CEO of STO Global-X (“STGX”).
Securitize’s platform and Digital Securities (DS) protocol helps companies issue and manage compliant digital securities on the blockchain. More specifically, it manages the processing of solicited investors from login to capital received, as well as the issuance and management of the digital securities, providing compliance and investor management services throughout the lifetime of the asset.
“Strategically, we look to work with companies that not only have the right financial infrastructure to deploy Securitize’s DS Protocol and platform, but also have an in-depth understanding of institutional clients. Our partnership with Coinstreet Partners and STO Global-X fits this bill and will help to bring a comprehensive digital securities (or security token) solution to Asia,” said Carlos Domingo, CEO of Securitize.
The three firms will continue to collaborate on the technology front as well as work together with regulators, service providers, and other stakeholders to drive adoption and help tokenized securities become mainstream.