New Protocol for Security Tokens Announced

HyperLink Capital has devised an open source protocol that allows for compliance on-chain for the Ethereum network. Written in Solidity, the Secured Financial Transaction Protocol (SFT) will allow for the tokenization of debt and equity-based securities.

According to HyperLink Capital, “protocols dedicated to security tokens that require a utility token introduced unnecessary friction in an area where adoption is key.”

SFT aims to be completely transparent in its design.