A Sneak Peak: Smartlands’ New Fully Regulatory-Compliant Wallet for Security Tokens
It has long been an inmost aspiration of Smartlands’ to create a fully compliant wallet for on-chain trading of security tokens.
Today we’ve finally managed to fortify our expertise to an extent that allows us to build a new Smartlands wallet. It will be used for trading security tokens, SLT, XLM, and anchored currencies. No other projects’ tokens as of yet; we are going to continue to work towards the possibilities of adding other security tokens issued on the Stellar network (possibly on different blockchains) to the Smartlands Wallet, though, certain compliance procedure will be required. Meanwhile, anchored currencies will be used to trade the security tokens safely and securely using the Stellar Decentralized exchange.
Smartlands wallet will work exclusively within the regulated segment of the Stellar Network operated by the Smartlands Platform. Therefore, every investor will be required to pass KYC and comply with the current laws and regulations to be able to transact his or her security tokens with us. An AI-based compliance engine will check each transaction and score AML risks preventing illicit activities.
Read the full article here.
