US Security Token Platform TokenSoft Became Next Member of Blockchain Association

By Shannon Wilson | April 28, 2020

Security tokens generating platform TokenSoft has reportedly become the next member to be onboarded into the crypto lobbying organization headquartered in the US – Blockchain Association (BA).

Specifically, TokenSoft has reportedly revealed the news on April 27th, confirming its participation in the organization, with a goal to “educate regulators and elected officials on the advantages of utilizing blockchain technology and the need for responsive, national regulatory standards.”

TokenSoft also claimed that it will be in a leading position upon joining the BA, and reportedly sets a primary goal of establishing guidance for the proper use of blockchain, under existing regulations, boosting compliance level of security tokens standards, and eventually helps blockchain infrastructure meet greater automation goals. 

Kristin Smith – the BA Executive Director that via onboarding TokenSoft into its current roster, the association would be able to offer an “important perspective in support of a pro-business and pro-consumer regulatory solution [to securities law].” 

TokenSoft Chief Legal Officer Alex Levine will also be collaborating as a co-chairman for the group’s Security Token Working Group.

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