Tokenise taps ScribeStar to automate admissions process for digital assets
ScribeStar was launched five years ago and has been used in nearly 90 transactions, of which almost 50 have been publicly announced IPOs or public listings.
Tokenise has partnered with fintech ScribeStar to fully digitalize the admissions process for digital assets on the Tokenise Stock Exchange.
The venue enables the exchange of security tokens, including fractional ownership and royalties and is set to be among the world’s first fully regulated global stock exchanges for security tokens.
Tokenise is used for capital raising, primary issuance, secondary trading, clearing, settlement, and registration of security tokens.
Streamlined digital onboarding experience
Mike Kessler, CEO and Founder of Tokenise, said: “ScribeStar’s technology is establishing the new standard for processing many of the inefficient segments of capital markets that still exist today. It’s the only truly seamless digital solution for preparing issuances in regulated markets.
“Tokenise is a digital exchange. Tokens are digital assets. Giving issuers a streamlined digital onboarding experience is a key component of that concept. ScribeStar brings in the experience of regulated public markets with a future-proof technology model. Working with them is a natural choice for us.”
Adam Shaw, Executive Chairman and Co-Founder of ScribeStar, commented: “We are delighted to be part of the Tokenise project. Tokenise’s mission of democratising ownership and digitalising securities resonates extremely well with us. We are huge believers in tokenisation but also very vocal advocates for effectively regulating the environment for these types of assets.
“Tokenise is doing exactly that. They have recognised the opportunity early on, and have built a safe, secure, transparent and compliant market for tokenised assets, including digitalised equities, commodities and bonds. It’s an extremely attractive proposition for institutional and retail investors, and for many issuers who are looking to take their fundraising to the next level. We are very excited to have our technology used in the digital assets space, and we look forward to growing with this market.”
ScribeStar was launched five years ago and has been used in nearly 90 transactions, of which almost 50 have been publicly announced IPOs or public listings.
The digital platform automates and streamlines workflows to save time and money for issuers and their teams by making the process digital. It has transformed legal, regulatory, and administrative processes since inception.
