Stratis, an “enterprise blockchain platform,” has launched a security token offering platform for enterprises to issue digital securities. The company reports that its platform has been constructed while in regular dialogue with clients that are engaging with the US Securities and Exchange Commission (SEC). Stratis is based in the UK.
Stratis CEO, Chris Trew, commented on the announcement:
“We are delighted to launch our STO platform, one of the key milestones of our 2019 Development Roadmap. The STO platform builds on the functionality of the Stratis ICO platform with the addition of several new features that satisfy the rigorous regulatory requirements needed to conduct STOs. Our STO Platform is highly secure, flexible and scalable, making it easy for businesses of any size to raise money through the tokenisation of their assets.”
Stratis states that it is in full compliance with Know Your Customer (KYC) and Anti-money laundering (AML) rules.
Stratis says the STO issuance platform is an adaptation of Stratis’ existing Initial Coin Offering (ICO) platform. The ICO platform was released in May of 2018.
Stratis reports that it has been working closely with its partner Gluon, a platform that establishes an interconnected network of vehicles, allowing users to diagnose, track and monitor issues using IoT devices, AI and blockchain. Stratis says the relationship has aided in fulfilling its legal requirements to register its GLU token with the SEC. Gluon claims to be in the later stages of the registration procedure. The Gluon STO is planned to become the first company to issue a token on Stratis at some point next year.
Features of the Stratis platform include:
- Real-time pricing: The platform accepts payment in both fiat currency (USD) and cryptocurrency (BTC and STRAT). It uses currency data from multiple providers (CoinMarketCap and CoinGecko) to ensure that STO participants benefit from real-time token pricing.
- ID-based token issuance: The platform creates unique user IDs that allow the STO administrator to reliably and securely accredit tokens once an individual makes a wire transfer. This ID-based system ensures compliance with KYC and AML laws.
- Wallet-based platform for security: Stratis utilises wallets rather than autonomous smart contracts to add an additional layer of authority and security.