The companies revealed that Tokenomica will integrate Blockpass' KYC (know your customer) Connect solution to simplify an expedite the process of onboarding new customers to its Virtual Financial Asset exchange and Security Token Issuance Platform.
Tokenomica operates a regulated and licensed crypto-exchange business in Malta based on that market's approach to regulating cryptocurrencies and blockchain technologies, which will see the company become fully regulated and licensed in due course.
Tokenomica will provide both cryptocurrency-to-cryptocurrency and cryptocurrency-to-fiat currency exchange services. The company's technology is based on the Waves blockchain.
Meanwhile Tokenomica recently launched the beta version of its Security Token Issuance Platform, which provides an automatic tool that can be used to design tokens for security token offers (STOs) by following a simple step-by-step process.
“We are excited to announce this new partnership with Tokenomica. Regulated and reliable exchanges are vital to realise the benefits that cryptocurrencies and blockchain bring, and STOs are increasingly becoming an integral part of these ecosystems as they revolutionize the way we conduct business,” Blockpass CEO Adam Vaziri said.
“In working with other companies in the field of STOs, we are developing an important area in the blockchain and cryptocurrency space, and we look forward to working with Tokenomica to provide simple, secure and compliant access to both exchanges and STOs."