Smartlands, a leading security token issuance and crowdfunding platform has announced the launch of its fully compliant Stellar wallet for on-chain trading of security tokens. It can be used for trading security tokens, stellar and SLT (Smartlands Platform’s native utility token). Checkout the wallet tutorial to get yourself familiar.
About the Wallet
The newly launched wallet is set to exclusively work within the regulated segment of the Stellar Network operated by the Smartlands Platform. Every investor will be required to pass KYC and comply with the current laws and regulations in order to transact his or her security tokens on the Platform. An top notch AI-based compliance engine will continuously check each transaction and score AML risks preventing illicit activities.
Notable Point: The exchange will have options for both seasoned professionals and beginners. The “light” option would resemble a Coinbase-type interface for investors focused on strong fundamentals of a project and consider security tokens a long-term investment. The “pro” version that targets professional traders and sophisticated investors will display the most critical data for daily trading
Smartlands wallet will enforce daily and monthly transactions volume limits, and cryptocurrency deposit thresholds in accordance with an investor’s category and country. The wallet is using the Smartlands’ own Stellar core and Horizon services to guarantee high capacity and 100% uptime.
Ilia Obraztcov, Smartlands CTO stated “We’ve finally managed to fortify our expertise to the extent that allowed us to build a new Smartlands wallet. It will be used for trading security tokens, SLT, and XLM”
“We are going to continue to work towards the possibilities of adding other security tokens issued on the Stellar network (possibly on different blockchains) to the Smartlands Wallet, though, certain additional compliance procedure will be required.” added Obraztcov.