[ad_1]
Blockchain Firm BANKEX to launch Exchange security token
br>
Fintech BANKEX, based in Malta, will launch its token exchange that will allow the trading of basic pairs of utility tokens and complex security tokens linked to real resources.
BANKEX manages a Proof-of-Asset protocol to bring together Bank-as-a-Service (BaaS) and blockchain and facilitate digitization, tokenization and the exchange of traditional assets, ushering in a new era for finance and banking: Securitization 2.0. Its infrastructure services and technologies include the STO framework, which offers services that cover the entire lifecycle of a security token. Other offers include custody service, Ethereum Plasma Prime, supply chain and digital business.
The new company token exchange will act as a secondary market for security tokens and will support ERC-1400 and ST-20 token standards as well as ERC-888 security tokens incorporating customer verification methods (KYC). The trading platform will store cryptographic assets in the BANKEX storage service, an eminently secure refrigerated storage depot. It will undergo a short evaluation period in the coming weeks to ensure optimal operations for all customers.
"Tokens that will be supported by the new exchange will only be available to people who have gone through and have been approved by KYC and AML procedures," the company said. "The author of a token, or the company or developer responsible for offering tokens, can create and monitor the rules for KYC and AML procedures."
The company announced that it will apply for a Virtual Financial Assets Act service provider license in Malta next year in order to list security tokens in full compliance with Maltese legislation.
"The license of Malta's financial services authority is granted only to exchanges that have a strong knowledge of customer (KYC) and anti-money laundering (AML) procedures," the company said. "In conjunction with this initiative, BANKEX is also working to obtain licenses in Switzerland, Southeast Asia, the United States and the Cayman Islands".
