Securrency, a New York-based fintech firm, announced on Friday that it had introduced the Compliance Aware Token standards CAT-20 and CAT-721, claimed to be the first interoperable ledger-agnostic security token protocol in the world. Security tokens issued under the CAT protocols are compliant with the regulations throughout their entire life-cycle thanks to the regulatory technology provided by Securrency. The self-governing security tokens cannot be moved to or from a digital wallet that doesn’t meet the specific requirements. This is achieved with a token key-lock feature, for which Securrency had filed a patent application.

The tokens built with CAT-20 and CAT-721 protocols may be supported and transferred across any major blockchain network, such as Ethereum, Ripple, Stellar, EOS, and GoChain. The compliance during primary offerings is achieved thanks to the following features:

Automated Know your Customer (KYC) and Know Your Business (KYB) procedures across more than 160 jurisdictions.

Transaction verification procedures via Know your Wallet (KYW) service that scans wallets and related cryptocurrencies automatically.

Source of funds (SoF) verification solutions carried out automatically.

Confirmation and approval of an …

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