Tokeny recently joined the Silicon Luxembourg Business Club. Get to know the startup.
(Featured Image: Tokeny’s team celebrating the first anniversary of the startup / Image Credit © Tokeny)
What is your startup about?
At Tokeny, we empower our clients to achieve capital investment by providing them with solutions for the issuance, administration and trading of compliant-by-design tokenized securities.
Tokeny provide a set of solutions, the T-REX (Token for Regulated EXchanges) infrastructure, to ensure native compliance at the issuance and trading of digital securities. Investors are guided through an automated and optimized online onboarding process, including the necessary KYC and AML compliance checks, ensuring all participants are eligible for the investment. Dividends, voting, announcements, investor validation and other corporate events can all be managed from the Tokeny platform by the issuer or his agent.
Tokeny’s solutions leverage blockchain technology and couples it with decades of experience from the traditional securities world. Tokeny utilises this background to make the participation of any contributor in a Security Token Offering (STO) transparent, accessible, and completely secure.
How did you come up with the idea?
Luc Falempin, CEO of Tokeny, came up with the idea in early 2017 when he realised the emerging blockchain market needed powerful and easy to use solutions to allow companies and investment funds to benefit from the decentralised infrastructure offered by blockchains. Having already founded a successful white-label transactional ecommerce solution in the past with his previous company, he took it upon himself to create Tokeny, the market leading platform for the issuance, administration and trading of compliant tokenized securities.
“During the fund raising phase, the issuer benefits from a fully-branded website to onboard thousands of individual or institutional investors in a compliant way and to allocate them the custom made tokens representing the underlying asset.”
What are your products/services?
Tokeny provides a complete suite of white-label solutions to issue and manage digital securities on the blockchain in a compliant way. During the fund raising phase, the issuer benefits from a fully-branded website to onboard thousands of individual or institutional investors in a compliant way and to allocate them the custom made tokens representing the underlying asset. Post-issuance, web applications and blockchain smart contracts enable the management of corporate actions and trades between investors. All of this is handled without any intermediary thanks to blockchain technology. Direct links (financial, communication, etc.) are created between the issuer and its investors.
What is your business model?
Different pricing apply depending on the services chosen by the issuer. The main solution is available in SaaS, with a recurring annual fee.
Who are your clients?
Tokeny has clients on 5 continents, including mid-cap companies, blockchain ambitious projects and investment funds.
What are the next steps in your development?
As a result of the tokenized securities market being so new, regulation has a lot of catching up to do. Regulation is still a long way off having the official shares registry on decentralized electronic systems. Tokeny is the first live solution in Europe and one of the first in the world. Therefore, the Luxembourg based startup will focus on creating successful use cases on different verticals (real estate, funds, equity, debt, etc.) and prepare to scale for a quick growth in 2019.