Luxembourg fintech Tokeny and multinational law firm DLA Piper reportedly formed an alliance dubbed the Digital Securities Alliance (DSA) which aims to enhance regulatory compliance in the financial services industry, as per an announcement published by Tokeny’s news portal (April 2).

With personnel from over 40 countries across the globe, DLA Piper has the ability to provide token issuers with cost-efficient cross-border solutions, wider access to business investments and so forth, according to Martin Bartlam, Head of Finance and Projects at DLA Piper.

In a comment on the cooperation, Tokeny’s CEO Luc Falempin said it is essential that institutions can “invest in digital assets knowing the offering has respected the necessary regulations.”

Expectations are held high as the DSA aspires to strengthen the shared belief that blockchain technology could revolutionize the infrastructure in the capital markets.