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KABN North America Partners with UK and Barbados Based Tokenise International to Develop Verifiable Identity Credentials for Regulated Stock Exchange
KABN | Cara Buckspan | Feb 11, 2021
Agreement will help fuel Liquid Avatar's expansion to the UK and Caribbean.
TORONTO, CA and LONDON, UK and ST. MICHAELS, BARBADOS / ACCESSWIRE / February 11, 2021 / KABN Systems NA Holdings Corp. (CSE:KABN)(OTC PINK:TRWRF)(FRA:4T51) (the "Company", "KABN North America" or "KABN NA") (www.kabnsystemsna.com), a North American Fintech solutions company specializing in empowering individuals to manage, control and generate value from their biometrically verified Self Sovereign Identity ("SSI") through its Liquid Avatar (www.liquidavatar.com) platform, is pleased to announce that it has entered into an initial agreement with the Gibraltar holding company of London, UK and St. Michael's, Barbados based Tokenise International Limited ("Tokenise") (www.tokenise.io), a multi-jurisdictional regulated financial services organization.
Together, the Companies are working on initiatives to integrate Liquid Avatar with Tokenise and issue verifiable identity credentials to account holders and to use these credentials to gain access to Tokenise financial and brokerage services and other related platforms, starting in the UK and Barbados.
See: For Digital Assets, Private Markets Offer the Greatest Opportunities
Tokenise operates Kession Capital Limited, a London-based broker dealer that is authorized and regulated by the Financial Conduct Authority in the United Kingdom. Tokenise offers issuers and investors the ability to tokenize crowdfunding programs through the purchase, sale, and exchange of blockchain based securities. Kession also acts as a UK conduit to the Tokenise Stock Exchange, a fully regulated stock exchange in Barbados providing global primary issuance and secondary market trading, promoting financial inclusion and asset diversification, and focusing exclusively on tokenized securities and Tokenise Brokerage to support the onboarding efforts of global investors. Tokenise is also exploring expansion opportunities into Canada.
With Digital Identity applications addressable to up to 100% of the online market, the financial services market is a primary opportunity for Liquid Avatar's Verifiable Credentials Ecosystem announced earlier this month. By accessing a biometrically enabled verifiable identity credential that a user can store in their Liquid Avatar wallet, Tokenise will be able to verify and validate customers allowing them to securely and safely access their accounts based on their known and verified digital identity. The program is expected to commence by early Q3 2021.
Tokenise provides customers and blockchain based issuers with a safe, secure, and regulated supported environment to purchase and exchange securities and is considered to be the first global digital Self Regulated Organization ("SRO") to focus exclusively on tokenized products.
See: Digital Assets: A Framework For Regulation To Maintain The United States’ Status As An Innovation Leader
The Tokenise Stock Exchange will support a wide range of company and program listings including but not limited to tokenized real estate, art, collectibles, businesses and enterprises, celebrity and influencer ventures, cannabis and potentially psychedelics initiatives, digital currency ETFs, and other digitized assets.
"With the rise in awareness and acceptance of digital currencies, like Bitcoin, Ethereum and other Altcoins, it naturally follows that investors will want to investigate and potentially invest in blockchain based securities and Tokenise is eager to support this global, growing opportunity," said Mike Kessler, CEO, Tokenise International Limited. "The Liquid Avatar platform and its verifiable identity credential provides Tokenise with a potentially effective and efficient way to continuously verify our customers and afford them increased security and safety to manage their digitized assets."
Liquid Avatar will be releasing its live, open beta app globally in Google Play and Apple App Store on February 18, 2021, subject to all final approvals. Liquid Avatar will launch in phases, as the Company prepares and tests additional service and program offerings to make it easier for users to become familiar with the Liquid Avatar platform, Self Sovereign Identity and Verifiable Credentials.
"We are excited to have the opportunity to work with Tokenise to support their growing global needs for customer verification and validation and account authentication," said David Lucatch, CEO, KABN North America. "We believe that by linking Liquid Avatar and verifiable identity credentials, users can use their biometrics and digital credentials to sign in and access their accounts from multiple devices anywhere in the world, potentially providing increased protection of their digital information and valuables."
Liquid Avatar, available at no cost to consumers, makes it easy for individuals to start and maintain the process of managing their SSI/digital identity while giving users the ability to share it with their friends, family, colleagues, and others easily, safely, and cryptographically secure through biometrically enabled Self Sovereign Identity tools and services.
About Tokenise International Limited - www.tokenise.
Working with and in fully regulated environments to meet the needs of the emerging blockchain based securities markets, Tokenise International Limited is a financial services group, operating in multiple jurisdictions. The firm's programs consist of:
Kession Capital Limited, an authorized and regulated by the Financial Conduct Authority in the United Kingdom (FRN 582160). Kession currently operates as a regulated hosting platform and oversees several clients across the investment management industry, from crowdfunding platforms to a national European stock exchange.
UK based Tokenise crowdfunding platform which, under its regulatory permissions, has the ability to manage the purchase, sale and exchange of tokenized securities.
Barbados based Tokenise Stock Exchange International Limited (formerly Daxnet BB (Barbados) Limited) which is a self-regulated organization which is licensed to operate as a fully regulated stock exchange in Barbados providing primary issuance and secondary market trading promoting financial inclusion and asset diversification and focusing exclusively on tokenized securities and is considered to be the first global digital SRO to focus exclusively on tokenized products.
The Company also owns and operates Barbados based Tokenise Brokerage (formerly Kession Capital International Limited) providing global access to investors who wish to use the Tokenise Stock Exchange and provides direct market access to a global customer base.
About KABN Systems NA Holdings Corp - www.kabnnaholdco.com
KABN Systems NA Holdings Corp. through its wholly owned subsidiary KABN Systems North America Inc. focuses on the verification, management and monetization of Self Sovereign Identity, empowering users to control and benefit from the use of their online identity.
Liquid Avatar is a verified Self Sovereign Identity platform that empowers users to create high quality digital icons representing their online personas. These icons allow users to manage and control their digital identity and Verifiable Access and Identity Credentials, and to use Liquid Avatars to share public and permission based private data when they want and with whom they want. www.liquidavatar.com
KABN North America has a suite of revenue generating programs that support the Liquid Avatar program, including KABN KASH a cash back and reward program that has over 300 leading online merchants and coming soon, an integrated offering engine. In Canada, KABN also has the KABN Visa Card, a "challenger banking" platform that allows users to manage and control a range of financial services for traditional and digital currencies. The Company is currently exploring expansion of the KABN Visa program to other geographic regions, including the USA.
KABN Systems NA Holdings Corp. is publicly listed on the Canadian Securities Exchange (CSE) under the symbol "KABN" (CSE:KABN).
The Company also trades in the US under the symbol "TRWRF" and in Frankfurt under the symbol "4T51".
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For more information, please visit www.kabnnaholdco.com or www.kabnsystemsna.com
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