Security tokens platform TokenSoft inc. has invested in a company that's supposedly a U.S. Securities and Exchange Commission (SEC)-reported broker-dealer, as per a release published Dec. 13.

TokenSoft would be a platform that gives a suite of technology and security product for the sale, issuance, and management of security tokens and alternative digital assets. Security tokens typically promise investment returns and price appreciation, additionally to permitting holders to get product and services.

The company within which TokenSoft invested with is currently renamed TokenSoft global Markets, LLC, whereas TokenSoft is entitled to accumulate 100% of TokenSoft global Markets. once the acquisition, TokenSoft global Markets can reportedly enhance the range of its services, together with referrals to exchanges or brokers, custody solutions, or private placement services.

The investment permits TokenSoft to supply issuers the selection to host a token sale themselves or work with a principal to manage the token sale on their behalf. Mason Borda, chief executive officer of TokenSoft, commented on the investment:

"As a results of quickly growing interest within the security token market, we've been inundated with requests for principal support services. With this investment, we are building a one-stop-shop for digital asset issuance and management — enabling us to expand our security and compliance support to each stage of a digital asset's lifecycle."

Last week, Thai cryptocurrency exchange satang corp. declared plans to boost nearly $10 million during a security token offering (STO). Satang’s plans are reportedly supported by the govt. of Thailand during a bid to create the country a blockchain hub and develop a restrictive framework for digital currencies and blockchain.

Last week, the People’s Bank of China (PBoC), the country’s central bank, highlighted the illegality of STOs within the country. The deputy governor of the bank noted that “the STO business that has surfaced recently remains primarily an illegal money activity in China,” reiterating the stance that cryptocurrencies are related to crime.

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