Modulus has formed a partnership with security token issuance platform Securitize. Modulus is a fintech provider that provides services to professional traders, brokerages, trading firms, and more. Modulus says its products and services reach millions of users around the world. The company also has entered into the crypto sector.
Richard Gardner, CEO of Modulus, said that Securitize is the “world’s leading security token blockchain protocol provider,” and it has developed new technology for compliance:
“…we’re thrilled to have secured a deal which allows Modulus to offer that technology to its clients within its own exchange solution – a solution capable of processing over ten million transactions per second,” said Gardner.
Securitize’s bespoke DS Protocol is designed to ensure that digital securities using its platform can be traded compliantly across all marketplaces and exchanges. Securitize claims the highest adoption rate in the market and currently powers tokens such as Blockchain Capital, 22x, SPiCE VC, Augmate, Aspencoin, Lottery.com and Science Blockchain. More is said to be in the pipeline for this year.
The agreement with Securitize gives Modulus access to their full stack of technology and services platform, which allows users to issue and manage digital securities from one convenient dashboard, for use in the Modulus Exchange Solution.
Carlos Domingo, CEO of Securitize, said they were happy to work with Modulus, a company he described as the “leading crypto exchange software in the market.:
“By implementing our DS Protocol, their exchange solution will be Securitize ready, allowing Modulus’ customers to make compliant trades of digital securities across multiple exchanges and marketplaces,” said Domingo.
Gardner believes that security tokens are a “quantum leap forward.” He believes the incorporation of Securitize will give his platform an edge over competitors:
“Combined with our unsurpassed suite of exchange, risk, market surveillance, payments, custody, and digital asset liquidity solutions, there’s no provider on the planet as committed to regulatory concerns as Modulus.”