KoreConX, a company that operates a permissioned blockchain ecosystem aimed at creating tokenized securities, announced on Thursday that its KoreToken was picked by Mercury.Cash, a Florida-based crypto wallet provider, as the official security token protocol to conduct its security token offering (STO).
Mercury.Cash received the first Ethereum Money Transmitter License in Florida, which was granted by the Financial Crimes Enforcement Network (FinCEN). The license allows it to provide crypto and remittance solutions. The company offers a live hosted-wallet product that is currently used by over 10,000 users in North and South America. The solution allows real-time liquidation and transfer between crypto and fiat money in a convenient manner.
The deal ...
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