Securrency introduces multi-ledger security token protocols>
Help Net Security
Securrency introduced the Compliance Aware Token (CAT-20 and CAT-721) standards, a truly interoperable ledger-agnostic security token protocol. Security tokens minted with the CAT protocols are self-governing and ensure compliance throughout their life-cycle using Securrencyâs innovative regulatory technology. The companyâs patent-pending, token key-lock structure ensures that tokens may not be traded or transferred to or from a wallet that does not have the appropriate qualifications. Securrency establishes compliance in primary offerings through features such as: ⢠Individual and entity automated Know Your Customer (KYC) and Know Your Business (KYB) across 160+ jurisdictions, with non-documentary verification available in 37 jurisdictions, ⢠Transaction checks through a Know Your Wallet (KYW) service that proofs and scores digital wallets and associated cryptocurrency, ⢠Automated source of funds (SoF) verification services through an administration service, ⢠Validation of an investorâs accreditation or qualification according to jurisdiction.
Link: https://www.helpnetsecurity.com/2018/10/08/multi-ledger-security-token-protocols/