Crowd for Angels, a United Kingdom-based crowdfunding platforms for shares, crowd bonds and tokens, and Sydney, Australia-based end-to-end share tokenization, registry, and investor relations platform myStake have formed a partnership to expand security tokenization.
The Memorandum of Understanding (MoU) signed between the two platforms will allow investors to tokenize capital table and provide more transparency into their portfolio holding. Both companies also agreed to co-develop a six month pilot project, where up to the former’s clients could use myStake platform and all of its features.
“We are excited to be partnering with a leading platform for both crowdfunding and for security tokenization,” said myStake CEO Matthew Mills. “As leaders in the space, we believe the UK is a fantastic jurisdiction to expand to through working with Crowd for Angels. This pilot we believe will yield a significant advancement in bringing regulatory-compliant security tokens to market here in the UK.”
The pilot will see Crowd for Angels provide a new platform to better service the needs of its clients beyond its current offering, while myStake will gain a fuller understanding of how compatible its current platform is in meeting both the registry and the security tokenization needs of companies based in the United Kingdom.
Andrew Adcock, CEO of Crowd for Angels, commented on the deal, “This latest agreement is in line with Crowd for Angels’ strategy to expand in the burgeoning security token industry. We have known the team at myStake for some time and have been impressed with their technology and place within the tokenization ecosystem. We look forward to working together to deliver benefits to investors and shareholders alike.”
Based in Sydney, Australia, myStake provides company shareholders transparency, confidence, and a path to liquidity. It enables easy, transparent and immutable company governance protecting the interests of stakeholders of the modern company by leveraging blockchain technology.
With over A$50 million of equities already tokenized, myStake is the world leader in making security tokenization accessible to all companies.