Blockpulse as the first platform STO, won the approval of the French financial supervisory authorities. For investors operating in this country, this means that they can reap even more benefits from security token offering.
Regulatory compliance and cooperation with Lemonway
As a regulatory compliant STO platform, Blockpulse significantly expanded her rights. Registration through ACPR Banque de France (institution responsible for supervising financial activities) has also opened up new opportunities for euro trading, and this is primarily about payments for financial tools, transfers and issue tokens.
The French regulatory authorities started an open STO integration policy last year, not hiding that they have great hopes for this sector.
In the registration process, the platform was accompanied by a partner, i.e. a company Lemonway, being one of the most important providers of digital payment solutions dedicated to investment platforms.
Thanks to the established cooperation, it was possible to simplify business systems, including a strategy of access to the ability of companies to manage cash flows and securities in the same block chain.
There are also plans to automate critical operations through the use of smart contracts. This solution can be used during payments, investor verification and issuing tokens. Lemonway provides Blockpulse with high-quality KYC / LCBFT services, and supports the platform in complying with EU regulations.
Blockpulse is a French start-up created in 2018. The goal of the platform creators was to develop a universal set of tools for the STO community.
The solutions she creates are primarily focused on raising funds and managing investments.
Companies using Blockpulse services can count on help in creating legal documentation, legal signatures, limit tables, making online payments, as well as registering movements of shares. Currently, the platform's services can only be used by residents of France, but plans are to expand to include Benelux and Spain.