Luxembourg finance minister Pierre Gramegna (on the photo above) officially became investorID’s first identity holder.
“Fantastic to see such an influential and inspiring figure support what we do,” Tokeny said in a Twitter post.
The tokenization company explains in their press release:
“We are hugely excited to launch this not-for-profit project, with the purpose of giving control of the identity back to the investor via blockchain technology.”
InvestorID is a decentralized application (DApp) that allows identity holders to maintain complete control of their personal information, while enabling issuers to operate in full compliance with local laws and regulations.
After performing KYC/AML checks, investors can reuse their digital ID from one STO to another.
InvestorID is compatible with every security token based on the Token for Regulated Exchanges (T-REX) standard,released in December 2018.
Based on the Ethereum blockchain, T-REX is a decentralized set of global tools designed to allow for the interoperable, frictionless and compliant lifecycle management of tokenized securities.
In December 2018, the firm announced a cooperation with Security Token Network to provide end-to-end STO services and foster the industry’s development and mass adoption.
Back in October 2018, Tokeny also inked a strategic partnership with crypto trading platform Blocktrade.com to promote compliance in security token trading.