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ICO Facilitator TokenSoft Acquires Stake in Regulated Broker-Dealer

Published 13/12/2018, 16:58
© Reuters.

ICO services platform TokenSoft is launching a regulated broker-dealer as part of its push to offer greater services to token issuers and startups.

The firm – which is known for assisting startups with token sale launches – announced the new regulated broker-dealer affiliate, called TokenSoft Global Markets, on Thursday. The new entity is registered through the the New York office of the Financial Industry Regulatory Authority (FINRA).

With the regulated affiliate TokenSoft can now advise token issuers across every step of an initial coin offering. In particular, said co-founder Mason Borda, having a broker-dealer license grants the company the ability to provide services that the original technology firm could not, primarily revolving around issuance and management.

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