Mercury Cash will utilize KoreConX as a transfer agent and equity custody
Mercury Cash is pleased to announce that the KoreToken protocol from KoreConX will be the official security token protocol for its security token offering.
KoreConX is the world’s first highly-secure permissioned blockchain ecosystem for fully-compliant tokenized securities worldwide.
To ensure compliance with securities regulation and corporate law, the KoreConX all-in-one, AI-based blockchain platform manages the full lifecycle of tokenized securities including the issuance, trading, clearing, settlement, management, reporting, corporate actions, and custodianship. KoreConX connects companies to the capital markets and secondary markets facilitating access to capital and liquidity for private investors.
“We couldn’t be more excited to begin working with KoreConX. They are the industry leaders in helping companies issue a fully-compliant security token across multiple jurisdictions. As an organization that is fully compliance-focused, there was an instant synergy between our companies and we look forward to working KoreConX as we go forward with our offering,” said Victor Romero, CEO of Mercury Cash.
KoreConX’s team concurred with this sentiment. “We have extensive experience with regulatory compliance in many countries. We also know how to manage the full lifecycle of digitized securities. With our KoreToken protocol, we are pleased to bring process efficiencies for our issuers and investors without compromising safety, security, investor protection. We are thrilled that Mercury Cash also shares our values and vision,” said Oscar Jofre, co-founder & CEO at KoreConX.
Mercury Cash will utilize KoreConX as a transfer agent and equity custody along with using its Deal Room services and many other platform features for its fully-compliant security token offering.
About Mercury Cash
Mercury Cash Wallet is a live hosted-wallet solution with a current customer base of 10,000+ users and allows for the real-time liquidation and transfer between cryptocurrency and fiat assets in a seamless and intuitive way.
The Mercury Cash Wallet is available to download on iOS and Android devices and provides the ability to link a bank account, credit or debit card to be able to convert digital currency to and from US Dollars.
Mercury Cash has its headquartered in Orlando, Florida since 2016. The company obtained the first Ethereum Money Transmitter Licensed in the State. Working as instant exchanger between FIAT and Crypto, with hosted wallets such as Ethereum, Bitcoin, Dash and US Dollar, Mercury Cash aims to lead the new standards in digital value transmission for new generations.