Non-Custodial Securities Token Exchange has been reportedly acquired by the global investment firm, BnkToTheFuture. Security tokens are digital assets issued on the blockchain.
BnkToTheFuture is a Bitcoin has raised upwards of $750 million for various fintech companies. It recently launched the secondary trading of equity in Crypto companies and the BF Wallet, a mobile wallet for security tokens on iOS and Android
Launched back in 2017, Altcoin.io is one of the many Decentralized Token Exchanges which allow you to trade/swap/exchange your varying Blockchain Tokens. The exchange has placed a lot of focus on safety, speed, and usability, the team achieved some ground-breaking milestones on their path to better trading.
“We couldn’t be more excited for BnkToTheFuture to pick up where we’re leaving off given their experience within the digital asset industry as well as their vision of tokenizing the world’s capital markets,” said Andrew Gazdecki, Altcoin.io CEO.
BankToTheFuture has been fundemental in facilitated investments in high profile crypto businesses like Coinbase, Circle, BitStamp, BitFinex, Shapeshift, Ripple Labs, Kraken, and many others, already have a live secondary market for trading equity in the largest companies in crypto.
The aim of this acquisition by BnkToTheFuture is to gain valuable technology to build a compliant platform for trading security tokens while allowing investors to maintain custody of their own funds.
They Believe What’s missing is the self-custodial trading engine to operate it in a non-custodial way.
“We’ve launched the BF Wallet, a security token wallet on iOS and Android, that allows investors to store their security tokens on their mobile device,” Dixon said. “We’ve been doing primary offerings in FinTech for nearly a decade. By acquiring Altcoin.io’s technology we’re ready to launch a non-custodial marketplace in 2020 where people can buy and sell security tokens integrated with the BnkToTheFuture Token (BFT).”
BnkToTheFuture plans to utilize “approved regulatory status of tokens” to “represent virtually any tradeable asset”.
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