Crowd of Angels and myStake Ink MoU05.24.2019
Crowd for Angels, one of the UK’s leading crowdfunding platforms for shares, crowd bonds and tokens, is delighted to announce it has signed a Memorandum of Understanding (MoU) with Australian tokenisation platform myStake. Under the deal the two companies will partner together on a six-month pilot project, where up to 10 companies invited by Crowd for Angels can use the myStake platform, and all of its features, to tokenise their capital table, giving their investors transparency into their portfolio holding.
Based in Sydney, Australia, myStake is an end-to-end share tokenisation, registry, and investor relations platform that provides company shareholders transparency, confidence, and a path to liquidity. It enables easy, transparent and immutable company governance protecting the interests of stakeholders of the modern company by leveraging blockchain technology. With over A$50 million of equities already tokenised, myStake is the world leader in making security tokenisation accessible to all companies.
The pilot will see Crowd for Angels provide a new platform to better service the needs of its clients beyond its current offering, while myStake will gain a fuller understanding of how compatible its current platform is in meeting both the registry and the security tokenisation needs of companies based in the United Kingdom.
Andrew Adcock, CEO of Crowd for Angels, commented: “This latest agreement is in line with Crowd for Angels’ strategy to expand in the burgeoning security token industry. We have known the team at myStake for some time and have been impressed with their technology and place within the tokenisation ecosystem. We look forward to working together to deliver benefits to investors and shareholders alike.”
Matthew Mills, CEO of myStake, states: “ We are excited to be partnering with a leading platform for both crowdfunding and for security tokenisation. As leaders in the space, we believe the UK is a fantastic jurisdiction to expand to through working with Crowd for Angels. This pilot we believe will yield a significant advancement in bringing regulatory-compliant security tokens to market here in the UK.”
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