Due to the additional layer of standards required for the security tokens so that they can comply with security regulations, STO requires more advanced standards when it comes to their creation. STO security tokens are not created using the ERC-20 standards as most ICO and IEO are.
To cater for the additional regulatory layer, there are a number of companies and organizations that have come up with platforms where STO issuers can create their security tokens with ease.
Below are some of the best platforms for creating your STO’s security tokens:
Polymath allows security token issuers to create tokens using the ST-20 standards which were designed by Polymath. It works similar to the Ethereum network and it has its own crypto token referred to as POLY.
It connects the smart contract developers, advisory experts, legal experts, KYC/AML providers, and token investors.
The process of creating security tokens is quite simple as one does not have to do any programming. You just have to follow through the steps and end up getting a fully functional security token and a configured STO.
Swarm uses the SRC20 protocol to create security tokens for real-world assets. In short, the platform allows users to create asset-backed security tokens. Therefore, users can create tokens backed by assets like real estate and so forth.
The Swarm platform also has its own crypto token that can be used for operations within the platform. The Swarm token has a symbol of ‘SWM’.
Harbor platform is a special security token creation platform since it allows traditional assets to transform into security tokens. It allows the creation of security tokens backed by real-world assets like real estate, fine arts, etc.
The platform uses a regulated system token referred to as the R-token. The R-token is a token on the Ethereum blockchain that allows the transfer of tokens once an On-chain Regulator Service is approved. The token basically gives permission for transfers.
This platform allows the creation of security tokens through a drag and drop process.
Furthermore, the platform allows users to perform Know-Your-Customer (KYC) and Anti-Money- Laundering (AML) verifications over 155 countries on both crypto and fiat transactions.
Users can use the InfinXChange™ APIs to select blockchains of their choice and also get an abstraction layer.
This platform manages the entire process of security token creation and issuance throughout the token’s lifetime. It manages the processing of the investors to the received capital.