It has long been an inmost aspiration of Smartlands’ to create a fully compliant wallet for on-chain trading of security tokens.

Today we’ve finally managed to fortify our expertise to an extent that allows us to build a new Smartlands wallet. It will be used for trading security tokens, SLT, XLM, and anchored currencies.

No other projects’ tokens as of yet; we are going to continue to work towards the possibilities of adding other security tokens issued on the Stellar network (possibly on different blockchains) to the Smartlands Wallet, though, certain compliance procedure will be required. Meanwhile, anchored currencies will be used to trade the security tokens safely and securely using the Stellar Decentralized exchange.

Smartlands wallet will work exclusively within the regulated segment of the Stellar Network operated by the Smartlands Platform. Therefore, every investor will be required to pass KYC and comply with the current laws and regulations to be able to transact his or her security tokens with us. An AI-based compliance engine will check each transaction and score AML risks preventing illicit activities.

Also, Smartlands wallet will enforce daily and monthly transactions volume limits in accordance to an investor’s category.

The ability to trade pairs of compliant security tokens against anchored fiat currencies is expected to be a dominant feature of the wallet destined to attract classical investors and enhance liquidity on the Platform.

The less cryptocurrencies-savvy investors will rejoice at the integrated ability to “recover” private keys in case of a loss or compromise.

The exchange will have options for both seasoned professionals and beginners. The “light” option would resemble a Coinbase-type interface for investors focused on strong fundamentals of a project and consider security tokens a long-term investment.

The pro version that targets professional traders and sophisticated investors will display the most critical data for daily trading (although, by all means, newbies are welcome to try to dip their toes in the deep end).

Initially, the security token secondary market will be launched in the form of a bulletin board to become an SDEX-based exchange later.

The wallet will use Smartlands own Stellar core and Horizon services to guarantee high capacity and 100% uptime. Smartlands will ensure that these services maintain high availability and have a proper load-balanced environment to serve a large number of investors.