TokenSoft, a digital securities issuance platform, is now supporting ’40 Act Funds, according to a company release.

Arca Capital Management President Jerald David announced their decision to utilize TokenSoft as they move forward with their US Treasury Fund (Ticker: $UST), a digital security, which is pending SEC approval.

“TokenSoft’s ability to support our needs in building a ’40 Act compliant token offering was the main reason we chose them to partner with our registered fund offering. They understand the unique needs for open-ended funds with on-going issuances and redemptions, and have been very helpful in our registration process,” said David.

The $UST token will represent an interest in the fund composed primarily of U.S. Treasuries providing a low volatility token and an effective stablecoin.

TokenSoft Now Supports 40 Act FundsMason Borda CEO of TokenSoft said that adding support for ’40 Act Funds brings together a lot of tools they have built into one offering from “on-going issuances and dividend support to integrations with transfer agents.”

As part of the process, investors in $UST must pass Know Your Customer and Anti-Money Laundering (KYC/AML) checks which will be added to the smart contract’s whitelist built on the ERC-1404 standard. TokenSoft claims this is unique for registered offerings that do not need to limit sales to accredited investors only.

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TokenSoft Now Supports 40 Act Funds
TokenSoft Now Supports 40 Act Funds
TokenSoft Now Supports 40 Act Funds
TokenSoft Now Supports 40 Act Funds

TokenSoft Now Supports 40 Act Funds

TokenSoft Now Supports 40 Act Funds