SaaS distributed ledger technology platform Token IQ enters into agreement with DealBox to exclusively power all asset tokenization offerings of DealBox customers
SCOTTSDALE, Ariz., Oct. 31, 2018 (GLOBE NEWSWIRE) -- Token IQ, Inc., a leading compliant securities and asset tokenization platform, has announced a technology agreement with Dealbox, a distributed ledger business accelerator and crowdfunding platform. Under this agreement, Token IQ will utilize its patent-pending token platform to launch securities token offerings (STOs) for all Dealbox customers. As part of the agreement DealBox is also making an equity investment in Token IQ.
Issuers and investors alike will benefit from Token IQ’s patent-pending technology-backed tokens issuance platform. Using Token IQ, Dealbox is easily able to deliver features like Know Your Customer (KYC)/Anti-Money Laundering (AML) which verifies the identity of the user and precludes tokens being transferred or sold to a user who is not eligible to hold it, as well as accreditation verification. Token IQ’s platform also allows DealBox to implement safe and secure tokens recovery for its customers and their investors allowing true compliance with securities regulations.
“It’s in every company’s best interest to ensure that their tokens are compliant, easy to transact and safe to own,” said Aleksander Dyo, President and co-founder of Token IQ. “DealBox is a thought leader in the STO space and now, utilizing Token IQ’s capabilities they are ahead of their competitors in implementing a securitized token that maintains true compliance and keeps its users secure.”
“We have explored all options and have found Token IQ to be uniquely positioned to deliver the capabilities our issuers require, backed by a patent-pending technology platform and a laser-focus on compliance. We’re excited to be able to offer solutions, powered by Token IQ to our customers,” said Thomas Carter, CEO and founder of DLBX and well known crypto thought-leader.
Token IQ is at the epicenter of tokenizing and fractionalizing technology. The alignment with DealBox highlights the power, precision, and possibilities that distributed ledger opens to solving complex business challenges and revolutionizing how organizations will maintain and leverage investor engagement.
About Token IQ
Founded in 2017, Token IQ is a leading SaaS distributed ledger technology company focusing on delivering a turnkey solution for the tokenization of securities and asset backed investment contracts. The company’s technology enables issuers to convert rights to an asset into smart and fully compliant digital tokens on a distributed ledger with the goal of eliminating middlemen, reducing fees, and creating a frictionless environment. Token IQ’s solution makes capital formation more efficient while unlocking liquidity for traditionally non-liquid asset classes. Companies of any size and industry can now launch a digitized offering and seek investments with confidence. For more information, visit www.tokeniq.io.
Based in Carlsbad CA, DealBox Inc, is a full service Fintech capital markets consulting company that provides turnkey compliant capital market solutions for emerging growth, cannabis and blockchain companies. DealBox Inc. provides access to an institutional level crowdfunding security token marketplace that has over 150,000 registered users catering to Family Offices, RIAs, High Net Worth Individuals, and funds. See company website at: dlbx.io For more information please contact: Thomas Carter 760 212-4283 or email at Thomas@dlbx.io