Orderbook Introduces One-of-a-Kind ‘Regulation Aware Protocol’ for Tokenized Securities

In response to the recent regulatory guidance concerning token sales, Ambisafe has created an innovative self-regulating token class to assist with the management of securities on the Ethereum blockchain.

San Francisco, CA - March 14, 2018 /MarketersMedia/ —

Orderbook by Ambisafe has created a unique Regulation Aware Protocol (RAP) token which uses a whitelist to keep track of who is allowed to buy, sell, and trade each asset.

Token sales have drawn the attention of regulators around the world, with different countries releasing their own guidance on how offerings must be handled within their jurisdiction. The result is that regulatory parameters for coin offerings are far from universal.

This is a problem for project founders, who have to be mindful of the different regulations participants must follow. Examples of rules that must be followed are Know Your Customer (KYC) and Anti Money Laundering (AML).

Assuring Regulatory Compliance Regardless of Jurisdiction

RAP tokens have been developed by Orderbook.io to make this issue a problem of the past by utilizing smart contracts to check and respond to the permissions of every person who attempts to use them in a transaction. If a user who does not meet the proper compliance level attempts to buy a token , the relevant smart contract compares their permission level against an internal database, and instantly restricts their account from completing the purchase.

The Regulation Aware Protocol does more than allow creators to craft tokens that meet diverse regulatory requirements, however. It also introduces vast improvements to the general user experience by not requiring contributors to re-submit their credentials every time they join a new token sale. If this information is kept up-to-date within the RAP database, they will be able to freely interact with any sale that matches their level of compliance.

“We have created RAP tokens to be the perfect instrument for a new generation of financial innovation. We believe in the migration of financial markets to this new technology in the near future. It is a big step for Orderbook, and a huge leap for Blockchain technology.” expressed Andrii Zamovskyi, CEO of Orderbook and founder of Ambisafe

Currently, Orderbook is the only exchange that creates and supports the necessary registries of verified Blockchain users, storing them in a specialized smart contract. As the technology progresses, the benefits of maintaining verified user databases will become increasingly valuable, leading to more providers incorporating RAP tokens into their platforms.

For more information on Orderbook visit: https://www.orderbook.io/#/
For more information on Ambisafe visit : https://www.ambisafe.co/

Media Contact Details
Contact Name: Karla Vilhelem
Contact Email: kvilhelem@ambisafe-financial.com

Disclaimer: THIS PRESS RELEASE IS FOR INFORMATIONAL AND DISCUSSION PURPOSES ONLY AND IS NOT INTENDED TO PROVIDE THE SOLE BASIS FOR ANY EVALUATION OF A TOKEN PURCHASE OR ANY ASPECT OF THE CRYPTOCURRENCY, TOKEN SALE, SECURITIES, OR COIN SALE MARKET. IT IS NEITHER AN OFFER TO SELL NOR A SOLICITATION OF AN OFFER TO BUY ANY SECURITIES IN THE UNITED STATES OR ELSEWHERE. THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE LEGAL OR INVESTMENT ADVICE AND IT IS THE RESPONSIBILITY OF ALL PROSPECTIVE PARTICIPANTS TO CONSULT WITH THEIR OWN LEGAL, TAX, ACCOUNTING, AND INVESTMENT ADVISORS TO DETERMINE THE POTENTIAL BENEFITS, BURDENS, AND CONSEQUENCES OF SUCH A PURCHASE.

Orderbook is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest

Contact Info:
Name: Karla Vilhelem
Email: kvilhelem@ambisafe-financial.com
Organization: Orderbook

For more information, please visit https://www.orderbook.io/#/

Source: MarketersMedia

Release ID: 314218

Latest News

US, China hike tariffs as trade row intensifies

Sep 24, 2018

BEIJING — China and the United States imposed new tariff hikes on each other's goods Monday and Beijing accused Washington of bullying, giving no sign of compromise in an intensifying battle over technology that is weighing on global economic growth. U.S. regulators went ahead with a planned 10 percent tax on a $200 billion list of 5,745 Chinese imports including bicycles and furniture. China's customs agency said it responded at noon by beginning to collect taxes of 5 or 10 percent on a $60 billion list of 5,207 American goods, from honey to industrial chemicals. The conflict stems from U.S....

Asian stocks follow Wall Street higher

Sep 24, 2018

BEIJING — Asian stocks rose Friday after Wall Street hit a new high and a survey showed Japanese manufacturing accelerating. KEEPING SCORE: Tokyo's Nikkei 225 rose 0.5 percent to 23,793.35 and Hong Kong's Hang Seng added 0.9 percent to 27,712.47. The Shanghai Composite Index climbed 0.3 percent, erasing earlier losses, to 2,737.27 while Sydney's S&P-ASX 200 advanced 0.6 percent to 6,204.40. Seoul's Kospi was up 0.2 percent at 2,327.87 and benchmarks in Taiwan and Southeast Asia rose. New Zealand declined. WALL STREET: The Dow Jones industrial average and Standard & Poor's 500 index set records as a wave of buying...

The Latest: S. Korean diva sings at North Korean volcano

Sep 24, 2018

SEOUL, South Korea — The Latest on the summit between North Korean leader Kim Jong Un and South Korean President Moon Jae-in (all times local): 8 p.m. A South Korean pop singer has belted out a beloved Korean folk song in front of North Korean leader Kim Jong Un and South Korean President Moon Jae-in at a crater lake atop a volcano North Korea considers as sacred. Singer Ali was among the South Koreans who joined the leaders on a trip to Mount Paektu on the North Korean-Chinese border hours before they returned home on Thursday after three days of...

Stocks up despite trade dispute, oil drops on Trump threat

Sep 24, 2018

SINGAPORE — European markets climbed Thursday following a mixed day in Asia, buoyed by hopes the U.S. and China will proceed with talks to tackle their escalating trade dispute. The price of oil dropped after U.S. President Donald Trump warned OPEC to ensure production increases, as they promised this summer. KEEPING SCORE: France's CAC 40 rose 0.8 percent to 5,440 and Germany's DAX gained 0.7 percent to 12,297. Britain's FTSE 100 rose 0.2 percent to 7,346. Wall Street was set for small gains on the open. Dow futures added 0.2 percent while the S&P 500 future rose 0.1 percent. ASIA'S...

Moon to carry private message from Kim Jong Un to Trump

Sep 24, 2018

SEOUL, South Korea — A beaming South Korean President Moon Jae-in returned home from a whirlwind three-day summit with North Korean leader Kim Jong Un on Thursday saying that Kim wants the U.S. secretary of state to visit Pyongyang soon for nuclear talks, and also hopes for a quick follow-up to his June summit with Donald Trump. Moon told reporters in Seoul that he will carry a private message from Kim for Trump on the nuclear standoff when he meets with the U.S. president in New York next week on the sidelines of the U.N. General Assembly session. Both Trump,...

Sign up now!