Nikolas Sargeant
Tokensoft Foundation announced on Monday, September 16th, that it has partnered with Stacks Foundation and Bitcoin Frontier Fund. This latest development comes a few weeks after the Tokensoft Foundation launched its ‘LegalZoom for crypto companies.’
In a press release shared with Cryptowisser, the company said they will work together to create an edition of Tokensoft’s unique offering tailored to the needs of founders building on Bitcoin. As part of the partnerhip, 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.
By accessing Tokensoft’s resources, builders will enjoy less 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.
Thanks to this latest development, founders will have world-class support for critical key aspects of their compliance and token strategies as the push to build on Bitcoin accelerates.
According to Tokensoft, it has successfully launched over 150 projects, enabling it to establish a top-tier network of trusted experts and specialists who ensure the project is set up compliantly and in line with the founders' needs.
While commenting on this latest development, Mason Borda, CEO, Tokensoft said,
“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.”
Thanks to this partnership, the 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.
This latest development comes as part of Stacks Foundation’s ‘21 Days of Nakamoto’ campaign, celebrating the layer’s most significant upgrade with daily announcements, giveaways, and events.
Tokensoft has helped over 100 projects run token events at scale and raise over $1 billion. Projects they have supported include Avalanche, The Graph, Arbitrum, Tezos, Connext Network, Moonbeam, Acala, and Synthetix. Their whitelabeled platform provides support for compliance, airdrops, token vesting, token sales, and governance. meanwhile, 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.
