Security token-oriented startup OKTO.io will provide Vstock Transfer’s security token unit Vtoken Transfer with regulation-compliant solutions.
Vstock Transfer, a US-based stock transfer agent and registrar company that deals with initial public offerings (IPOs), private issuers, and Regulation A transactions, announced that it has entered into a partnership with security token-oriented startup OKTO.io. According to the deal, OKTO will support Vstock’s security token unit Vtoken Transfer. Thus, Vtoken’s clients looking to hold a registered Security Token Offering (STO) event will enjoy improved services.
Vtoken Transfer representatives said that the company would provide end-to-end services that would leverage both the technology and compliance aspects – an achievement possible thanks to the agreement with OKTO.
Vstock Transfer CEO Yoel Goldfeder commented:
“We recognize that the technical underpinnings of security tokens are much more dynamic than traditional securities. Knowing that we will need to work with a broad array of technology requirements, we chose OKTO.io for their blockchain and broker-dealer knowledge and experience.”
The company’s co-chairman Seth Farbman explained:
“We wanted to bring the same levels of quality, service, and technology to security token issuers as we do to traditional securities. Vtoken, backed by OKTO.io’s protocol agnostic technology, will allow us to readily adapt to the changing regulatory environment and to the fast-changing needs of the issuers.”
OKTO, a division of SLINGR, is a security token firm that provides regulation technology (RegTech) and other solutions to make the asset tokenization process compliant with the requirements imposed by the Securities and Exchange Commission (SEC). OKTO’s products can be easily integrated into the solutions provided by other vendors.
OKTP CEO Grace Schroeder expressed his excitement to collaborate with Vtoken. He noted that the know-how of both entities fit perfectly well, as Vtoken understands the ins-and-outs of being a transfer agent, while OKTO knows the technology related to security token management. He explained that OKTO’s solution was designed to work with a wide range of broker-dealers, exchange platforms, and technology partners, helping the token market become compliant and transparent.
Earlier this month, we reported that OKTO had partnered with New York-based technology services firm Jean Martin to support the adoption of security token technology for issuers, transfer agents, broker-dealers, and tax professionals.