Tacen Announces Over $20 Million Raised Through Newly Launched Tacen Compliance Platform


CHEYENNE, Wyo., January 12, 2022–(BUSINESS WIRE)–After raising more than $20 million in token issuance fundraising and securing a robust pipeline of new clients, Tacen, a legal-first crypto software company, today announced the official launch of the company’s inaugural product offering, Tacen Compliance. The solution provides an end-to-end token issuance suite, allowing companies to create and offer their own digital assets while maintaining control over the entire issuance process and helping them comply with US-based regulations.

Tacen Compliance brings together every step of token issuance in one place, including purchaser KYC/AML, legal document management, wallet validation, automated token disbursement, and long-term storage of documentation for legal audits. The Tacen Compliance platform guides companies through the token creation, launch, and distribution process so they can focus on what is most important: running their business. While many options for token listings exist, Tacen Compliance is the first token listing destination to provide comprehensive compliance advisory while helping issuers adhere to applicable regulatory guidelines.

“Regulatory compliance consistently ranks among the thorniest challenges for companies in the crypto space, and token issuance in particular can present very complex hurdles,” said Jae Yang, CEO & Founder of Tacen. “Collectively, the Tacen team has unparalleled industry expertise on operating within regulatory bounds, and we’re eager to share our know-how through the launch of Tacen Compliance.”

Since first offering Tacen Compliance in 2021, the platform has already facilitated the release of more than $20 million worth of tokens, providing invaluable support for crypto companies seeking to remain compliant every step of the way.

“At Kwil, our team was faced with the challenging task of launching a token in multiple jurisdictions. With complicated crypto laws, we weren’t sure where to turn to for help,” said Brennan Lamey, founder of decentralized blockchain-based communication network Kwil. “Tacen Compliance and their expert team has been immensely helpful in navigating the entire process, ensuring we are in full compliance with relevant regulations.”

With a team of industry-leading engineers and a compliance-driven executive team, Tacen is well-positioned to revolutionize the next generation of regulatory-compliant crypto software. For more information on how Tacen Compliance can support the token issuance process, visit https://www.tacen.com/contact.

About Tacen

Tacen is a US-based software company developing compliance software for a well-regulated crypto space. Tailoring its unique hybrid-decentralized architecture to build the world’s first global decentralized settlement layer, Tacen aims to support multiple exchanges and marketplaces for digital assets, NFTs, and more. Tacen Compliance, the company’s inaugural product offering and end-to-end token issuance suite, demonstrates Tacen’s commitment to ensuring compliance, security, and privacy at every step of the user experience. With a team of industry-leading engineers and a compliance-driven executive team, Tacen is well positioned to revolutionize the next generation of regulatory compliant crypto software. To learn more about Tacen, please visit tacen.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220112005349/en/


Will Crockett
On Behalf of Tacen