As a token of compliance, the pair even sent their model-making jigs down to London, where they remained idle.
This partnership allows us to navigate the various securities and other relevant laws and maintain a strict level of compliance for token sales.
Amano says the R-Token Standard can enforce compliance across any trading platform that supports ERC-20 tokens.
And the R-Token Standard ostensibly provides an interface that embeds compliance at the token level and can be implemented in a way that ensures that specified requirements like investor caps and holding periods are met before a trade is approved.
For good measure, Amano reminds that "as the number of tokens and exchanges increase, the ability to apply compliance across trading platforms and jurisdictions will become increasingly necessary".
Repeated German defaults on reparations deliveries led Poincaré in January 1923 to send French troops and engineers (supported by a token force of Belgians) into the Ruhr valley to force German compliance or, if necessary, to collect reparations by direct seizure.
The use of tokens is more secure, and allows for things like PCI compliance.
How it all works is a bit complicated, but according to Harbor co-founder and chief product officer Arisa Amano, Harbor's first project is what it's calling the Regulated Token (or "R-Token") Standard, an open-source project that addresses the compliance problem for secondary trading.
Harbor effectively bakes securities law compliance like know-your-customer and anti-fraud/money-laundering into the tokens themselves so trades can happen instantaneously without legal assistance on every sale.
Security tokens are more complex, requiring not just capabilities around trading, but also issuance and, critically, compliance.
Coinbase is much closer to offering security token products after acquiring a FINRA-registered broker-dealer in June, effectively backward-somersaulting its way into a state of regulatory compliance.
