In line with an official press release published, leading Blockchain security firm and cryptocurrency wallet service provider named ‘BitGo’ has revealed support for Blockchain Capital’s ERC-20 token.
Blockchain Capital’s BCAP token is a security token supported by the Ethereum [ETH] blockchain and was launched in a very $10 Mln ICO [Initial Coin Offering] earlier in April 2017. BCAP represents an indirect economic interest to the restricted partnership interest within the tokenized investment fund, and is the world’s 1st security token that was sold in an ICO.
As per the recent announcement, BitGo users would be able to hold their BCAP assets employing BitGo Trust Corporation, a professional and regulated custodian which offers compliant custody for security tokens. As a part of the announcement, BitGo has additionally introduced its multi-signature wallet security.
Chief technology officer of BitGo ‘Ben Chan,’ aforementioned that qualified services custodial services that are compliant with securities laws are vital for users of the platform.
Just recently, Estonian Nasdaq-powered digital commercialism platform named DX.Exchange ‘declared‘ the launch of its own security token trading and STOs [Security Token Offering] listings. The platform reportedly permits investors to shop for security tokens both in fiat and crypto-currencies like Bitcoin [BTC], Ethereum [ETH], Tether [USDT] and Ripple [XRP].
Even, insurance giant AXA XL also ‘revealed‘ an insurance product that covers equity ‘STOs‘ & crowdfunding, and supposedly protects new on-line capital formation techniques, increase trust, confidence and security to potential investors guaranteeing that the issuer is secured.