Traditional crowdfunding site CrowdEngine has formed a new partnership with Polymath and kicked off plans to issue security tokens.
CrowdEngine, a white label platform that already supports Reg D, Reg A+ and Reg CF, is now a full stack plus platform enabling the issuance of digital securities.
By partnering with Polymath issuers should be able to more easily onboard investors for security token offerings (STOs).
Additionally, CrowdEngine includes integrations with the KYC/AML, escrow, payment, and investor accreditation providers, and other features built around their “Compliance Engine” technology.
Jim Borzilleri, CEO of CrowdEngine, said the partnership was indicative of their mission to serve the rapidly growing security token marketplace:
“While we help ensure our clients execute compliant offerings, Polymath gives issuers the tools they need to easily issue securities on the blockchain and be secondary market-ready with the ST-20 token standard,” said Borzilleri.
Graeme Moore, Head of Tokenization at Polymath, added that CrowdEngine provides Polymath issuers with a ready-to-market website for onboarding investors, which is very exciting to them, and important for their issuers.
CrowdEngine’s solution provides Polymath issuers with their own branded token sale site, live in weeks with out-of-the-box functionality including BTC/ERC-20 wallet address whitelisting, KYC and ID verification in 190 countries, investor accreditation, document signing, and BTC/ETH/USD payment options.
The CrowdEngine – Polymath partnership highlights the merging of online capital formation and distributed ledger technology which can be leveraged to reduce the overall cost of issuance as well as ongoing compliance and security management.