Luxembourg-based fintech company Tokeny has teamed up with Security Token Network to provide end-to-end security token offering (STO) services and foster the industry’s development and mass adoption.
According to a statement issued on Thursday, the strategic partnership will see Tokeny deliver token issuance solutions including token management, deployment, and governance.
For its part, Security Token Network will be responsible for the planning, project execution, marketing, and fundraising needed for an STO. Launched in July 2018 and headquartered in London and Shanghai, the firm will also use its platform for security token industry analysis and news to promote the nascent industry.
The two companies will also work together to address the current complexity and inaccessibility of STOs.
Tokeny CEO Luc Falempin:
“Working with partners such as Security Token Network helps us to achieve our vision and help bring mass adoption to security tokenization.