The security token company Progmat has launched a one-stop data association service with KENEDIX.

Gate News bot news, Progmat, which operates a platform for the issuance and management of security tokens (hereinafter referred to as ST), announced that it will launch a “one-stop data association service” for ST issuing institutions and related application providers in partnership with KDX ST Partners (hereinafter referred to as KST), a subsidiary of the KENEDIX Group focusing on real estate asset management. This service will enable investors to query and manage their ST information in one place, allowing them to more easily understand their asset status.

The service will be provided through the “KDX ST application” offered by KST, and other ST issuers and application providers can also introduce this service. Through these compatible applications, ST investors will be able to cross-reference their own ST information without considering the initial managing institutions (e.g., trust banks) or intermediaries (e.g., securities companies).

Through this service, ST issuers and related application providers will be able to access real-time information such as each investor’s ST holding balance on the Progmat system platform via API.

Source: CoinDesk