Paperstreet to Support STOs via GoChain’s $GO

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Blockchain startup GoChain announced this week it had partnered with crowdfunding platform operator Paperstreet, which focuses on security token offerings (STOs) and initial coin offerings (ICOs). Paperstreet will contribute its compliance infrastructure so that GoChain customers using the $GO platform to raise funds could implement know your customer (KYC) and anti-money laundering (AML) procedures, verify accredited investors, sign and process documents, and handle fund deposits.

GoChain CEO Jason Dekker commented:

“Our partnership with Paperstreet allows us to address one of the biggest pain points of projects: raising capital. Paperstreet will serve as a hub for investors supporting projects launching on $GO, allowing them to KYC/AML one time and have access to all of the offerings.”

During the negotiations with GoChain, Paperstreet pointed out that its crowdfunding infrastructure enables entities to outsource all the tasks related to the complex operation of raising funds. While companies usually spend weeks and even months to arrange a token offering, Paperstreet can launch the process within hours.

Besides, the Paperstreet team can ensure compliance with all kinds of regulatory frameworks, including US Regulations D (Rule 506b & 506c), S, and A+, plus regulations in Canada, Australia, the EU, Singapore, and more than 50 other countries. All of this is achieved at no cost for the client. More importantly, Paperstreet has the capability to handle STOs - security tokens have now become a megatrend, with more and more entities looking to raise funds through this method.

Paperstreet CEO Matt deCourcelle stated:

“[GoChain] understand our long-term vision and how we can help their ecosystem grow. By congregating their investment community into a single platform that provides the compliance and security investors desire, we can grow both of our communities and help ensure all future projects launching on GoChain maximize their success on their own merits.”

The partnership has already delivered results, with ECOMI becoming Paperstreet’s first listing of a GoChain-based project.

Source:  CRYPTOVEST