TokenSoft, a compliance platform for crypto startups, is now officially supporting token launches on the Stellar protocol. The company previously focused on Ethereum-based projects but cited Stellar's maturity and growing demand from entrepreneurs as reasons for expanding support.
TokenSoft, which helps crypto startups navigate legal compliance for token sales in the U.S. and internationally, announced it is extending support to projects launching on the Stellar lumens protocol. Co-founder Mason Borda said the company had been evaluating Stellar since Q1 2018 and decided to add support due to the network's maturity and infrastructure. TokenSoft has received a steady stream of requests from projects wanting to launch on Stellar since early 2018, and Borda expects ICO activity on the network to increase significantly in coming months. The announcement comes alongside news that blockchain startup Chain was acquired by Lightyear.io, forming Interstellar to build on Stellar's platform layer.