Securitize – a Coinbase-supported platform specializing in generating digital securities – has reportedly released a new solution for ensuring regulatory compliance of secondary market transactions.
Specifically disclosed on April 22nd, the new tool – dubbed “Securitize Instant Access” – was reportedly designed to make the developing process of compliant P2P transactions by investors in private securities more efficient.
To make sure all required conditions are satisfied for the transactions, Securitize employed Ether-based smart contracts.
To begin processing a transaction, investors will discreetly use a web link to display their intention to sell digital securities, which is able to be posted and shared to a wide array of platforms.
“Once an issuer decides to enable the Instant Access feature, any potential buyer who has KYC/AML approval from, and is registered with the issuer, can purchase the digital security from the holder if the holder has shared the transaction link with them. Only transactions that meet these KYC/AML requirements and adhere to any applicable transfer restrictions imposed by the issuer via the DS Protocol will be permitted.”
At the moment, Securitize is providing the feature of immediate private securities trading associated with 5 different firms, including venture capital funds.
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