New York, New York, September 16th, 2024, Chainwire
Just a few weeks after launching their ‘LegalZoom for crypto companies,’ Tokensoft Foundation has partnered with two major Stacks contributors: Stacks Foundation and Bitcoin Frontier Fund. Together, they’re crafting an edition of Tokensoft’s unique offering tailored to the needs of founders building on Bitcoin. As part of the collaboration, Tokensoft’s education and services will be embedded into programs that support startup founders, such as N21 and the startup accelerator run by Bitcoin Frontier Fund.
Access to Tokensoft’s resources will help builders reduce risk while accelerating fundraising opportunities and Token Generation Events. The protocols and tooling for building on Bitcoin continue to improve, with Stacks’ own Nakamoto upgrade currently rolling out to bring fast blocks and 100% Bitcoin finality to the layer. Now, along with a protocol that can support their growth, founders will have world-class support for critical key aspects of their compliance and token strategies as the push to build on Bitcoin accelerates.
Tokensoft has successfully launched over 150 projects, and in the process, established a top-tier network of trusted experts and specialists that ensure the project is set up compliantly and in line with the needs of the founders. The entire process is managed for the company by Tokensoft’s experienced team, enabling the often technical founders to remain focused on other critical aspects of their business.
“After ten years, we're excited to finally see some regulatory certainty when it comes to token issuers. Tokensoft Foundation helps streamline the entity setup process by connecting issuers with the network of trusted professionals and providing the structure they need to successfully and expediently launch a token.” Mason Borda, CEO, Tokensoft.
In terms of the partnership with the Stacks Foundation, upcoming cohorts of the Bitcoin Frontier Fund will feature Tokensoft experts as part of its programming, while becoming the primary recommended provider for corporate structure setup. The Stacks Foundation and Tokensoft will also produce a series of free workshops for founders, allowing them to get familiar with the team and some of the core concepts of the process as they begin building their businesses.
The announcement comes as part of Stacks Foundation’s ‘21 Days of Nakamoto’ campaign that is celebrating the layer’s most significant upgrade to date with daily announcements, giveaways, and events.
In startups, but crypto especially, time is precious. With Tokensoft’s veteran team supporting founders, they’ll save time, money, and obtain peace of mind that their entity is properly setup and compliant. As an ecosystem, compliance is a critical value to Stacks so having a resource like this available to founders who just want to do things right is a massive win for all Bitcoin builders.
About Tokensoft
At Tokensoft we’ve helped over 100 projects run token events at-scale and raise over $1 billion. Projects we’ve supported include Avalanche, The Graph, Arbitrum, Tezos, Connext Network, Moonbeam, Acala, and Synthetix. Our goal is to help token communities focus on what matters most. Our whitelabeled platform provides support for compliance, airdrops, token vesting, token sales, and governance . We can also help with marketing and setup/management of token legal structure.
About Stacks
Stacks is a Bitcoin L2 that enables smart contracts and decentralized applications to use Bitcoin as a secure base layer. The 2024 Nakamoto and sBTC releases will bring faster speeds and transactions backed by 100% Bitcoin finality. Stacks is the current leading Bitcoin L2 by developer traction and market cap and is poised to help unlock Bitcoin and its $500B in passive capital as a fully programmable, productive asset. The Stacks (STX) token, used as gas on the L2, was the first to undergo an SEC-qualified sale in the United States. The project explicitly decentralized with the mainnet launch in 2021. In the Stacks ecosystem, there are currently 30+ contributing entities including a non-profit Stacks Foundation, a developer tooling company Hiro, Xverse, Trust Machines, Mechanism, Bitcoin L2 Labs, ALEX, Bitcoin Frontier Fund, and more.
Disclaimer. This is a paid press release.
