Templum, the Security Token Startup, Is Shifting to Private Blockchains

Symbiont building a private blockchain

Templum, which is a security token specialist, shifts from public to private blockchains.

As it was announced on Monday, the enterprise software vendor Symbiont builds a private blockchain, as well as smart contracts systems which Templum is going to utilize for future security token offerings or STOs by its clients.

Previously, this regulated broker-dealer has left the choice of blockchain protocol up to the issuer, but this also posed some issues, according to the CEO of Templum, named Christopher Pallotta.

A lot of investors were choosing ERC20 tokens which run on top of Ethereum or ETH, according to the CEO, but that network is well known scaling challenges which are meant to trade, could also be hampered during times of high transaction volumes like the peak of the CryptoKitties craze.

The co-founder of Templum, named Vincent Molinari, said that a blockchain such as public Ethereum can slow down or also stop its capacity when you are in the middle of a million dollar or even ten million-dollar transaction. He also added that regulatory compliance is difficult as it is not possible to know who your counterparties are on public chains.

Read more: https://cryptolandnews.com/templum-security-token-startup-shifting-private-blockchains/