Digital Securities platform Tokensoft has used the Ethereum blockchain to distribute $4m in equity to investors.
The seed round, which featured Base10, e.ventures, and Coinbase Ventures started back in July 2018 and each investor has now received a digital representation of their investments.
Tokensoft Distributes Equity Using Ethereum Blockchain
Tokensoft, a digital securities platform for enterprises and financial institutions, issued the payment using an ERC-1404 token, a token used for accounting and compliance services.
The payment is based on a Simple Agreement for Future Equity (SAFE) model, and by using the ERC-1404 token, it ensures the SAFE agreements will be enforced on-chain. Read More at EthereumNexus