Securitize Logo

Register your wallets on the Securitize platform with Metamask and Coinbase Wallet

These two new integrations provide a seamless way to hold your Digital Securities

Nov 8, 2019

Securitize delivers trusted global solutions for creating compliant digital securities and as such provides companies, funds, and institutions with a more cost-effective, efficient, and compliant way to issue and track regulated securities while improving investor relations. At Securitize, we are constantly working to better the relationship between investors and issuers by leveraging the inherent advantages of digital securities.

Digital securities are natively digital and therefore fundamentally better by almost all measures when compared to traditional securities. One such advantage is how easy and inexpensive it is to compliantly transfer and trade digital securities with near-instant settlement.

Dealing with custody and wallets, however, is not so easy. This is one area where we believe there is still a lot of friction for investors who have never had the experience of holding a digital asset, and we are constantly working to make the experience better for all investors in digital securities.

In order to manage your digital securities, you need a wallet, which is basically known in the financial world as an investment account. In the same way that you hold shares in your investment account, your wallet holds your digital securities (also known as tokens).

Wallets can be hardware-based (a physical device like a Ledger) or software-based (like a Coinbase wallet). For this post, we are talking only about software-based wallets.

Now that you know what a wallet is, how do you get one?

Securitize has enabled new methods for registering wallets within our Investor Dashboard by integrating the services of two of the most reliable players in the sector: Metamask and Coinbase Wallet.

Let’s say you want to buy tokens in a real estate opportunity (in this case, your tokens would represent partial ownership in the property associated with that offering). You have already funded your investment but you want to register a wallet where you will keep the tokens you are entitled to. Within our platform, you can access the ‘Tokens and Payouts’ tab and choose the most convenient way to do so.

We talked about how to register a wallet sending some Ether with Coinbase Wallet in the past. However, since using that method incurs costs, we bring today two free ways of registering wallets: one with a browser extension and another with a mobile app, which I will now explain respectively:

Option 1 — Register your wallet using Metamask

Metamask is a browser extension that enables the web to communicate with the Ethereum blockchain, creating wallets in which you can store your tokens and exercise your rights as an asset holder (More on your rights below).

(Note: MetaMask allows you to use an existing hardware wallet, like Ledger or Trezor, but it also allows you to create your own wallet). Let’s look at how creating your wallet works:

  1. First, download the Metamask extension in any of the browsers it is readily available for: Chrome, Firefox, Opera and Brave. You can do this going into their website.
0

  1. A Metamask icon in the form of a fox will appear in the top right corner of your browser. Click it to access its functionality.
  2. Next, click on Create New Vault and set a strong password.
  3. You will be shown your twelve seed phrases. Write these down and keep them somewhere safe, they will be your back up in case you forget your password. Since there is no email account associated, you cannot recover the password in the way we are used to for other digital services.
  4. When you’ve done this, click on ‘I’ve copied it somewhere safe’.

This process would be outlined by the following screens:

0

Now that the wallet has been created, you can register it within our platform:

1.Go to the ‘Tokens and Payouts’ tab, then click the ‘register wallet’ button.

0

2. Select ‘Register a wallet with Metamask’. This will activate the extension we previously installed.

0

3. Sign the transaction. Again, ‘sign’ is crypto-jargon whereby you confirm that you agree to register your wallet.

0

4. Voilà! You have registered your wallet. Easy right?

0

Option 2 — Register your wallet using Coinbase Wallet

For those of you who would like to keep investments more close-by, we bring to you a second option which comes not in the form of a browser extension, but an app that can be downloaded into your phone (Android or iOS), under the name Coinbase Wallet (do not confuse with Coinbase, which is the digital currency exchange.) In this case, instead of having your tokens stored in the browser, they would be saved in your mobile device.

The steps to follow are:

  1. Start by installing Wallet for iOS or Android.
  2. Follow the easy instructions to set up your wallet.
  3. Navigate to the browse tab and enter the Securitize website address. This in-app browser works similarly to the way that Metamask connects your regular browser with Ethereum. Both systems are tokenized networks called web3.
  4. A pop-up will appear enabling you to register your wallet to the system easily.

Again, I depict the real experience below:

0 0

What if I already have a wallet somewhere else? Can I switch from my existing wallet app like Metamask or MyEtherWallet to Coinbase Wallet?

Yes, you can. Every wallet uses a private key to secure its assets which you can import into Coinbase Wallet. Just look for the 12-word recovery phrase or mnemonic in the settings menu of your current wallet and then use that same 12-word phrase to sign into Coinbase Wallet.

Wallet registration status

One last consideration to take into account is that when your wallet is registered you must wait for it to be in the ‘ready’ state. Please beware that in order for the registration to be ‘ready’, we must associate the wallet to a user identity. Attaching a verified identity to the wallet ensures compliance with legal regulations. Therefore, to have a ready wallet you must have provided the required information for KYC and AML purposes.

Securitize Logo
© 2021 Securitize, LLC All rights reserved info@securitizemarkets.io
Securities are offered through Securitize Markets, LLC, (“Securitize Markets”) a registered broker-dealer and member FINRA/SIPC. Neither Securitize Markets, nor any of its affiliates provide any investment advice or make any investment recommendations to any persons, ever, and no communication through herein or in any other medium should be construed as such. Securities offered on the Securitize Markets ATS have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. Assets listed herein are securities that are not publicly traded, may be subject to resale restrictions, and are intended for investors who do not need a liquid investment. These investments are not bank deposits (and thus not insured by the FDIC or by any other governmental agency), are not guaranteed by Securitize Markets or its affiliates, and may lose value. Investments in private placements, and start-up investments in particular, are speculative and involve a high degree of risk Investors must be able to afford the loss of their entire investment. Eligibility to buy and sell securities on the Securitize Markets ATS is determined by Securitize Markets in its sole discretion. Offers to sell, or the solicitations of offers to buy any security can only be made through official offering documents that contain important information about risks, fees and expenses associated with the applicable securities available for trading on the Securitize Markets ATS. Investors should conduct their own due diligence, not rely on the financial assumptions or estimates displayed herein, and are encouraged to consult with a financial advisor, attorney, accountant, tax advisors, and any other professional that can help you to understand and assess the risks associated with any investment opportunity. Past performance is not indicative of future results. Neither the Securities and Exchange Commission nor any federal or state securities commission or regulatory authority has recommended or approved any investment or the accuracy or completeness of any of the information or materials provided herein or through any references/links herein. Any financial projections or returns shown herein are provided by the issuer of the relevant security and Securitize Markets has not verified the accuracy. Further, there can be no assurance that any valuations provided by issuers are accurate or in agreement with market or industry valuations. Securitize Markets and its affiliates make no representations or warranties as to the accuracy of such information. Securitize Markets may collect certain information about you that helps us comply with various securities regulations and rules and the USA PATRIOT Act, a Federal law that requires all securities firms to obtain, verify, and record information that identifies each applicant. The information also helps us more fully understand your investment profile and identify what types of investments or strategies may be suitable for you. The term “Investors” used on this website, typically refers to accredited investors where applicable. Please note: if we cannot verify the information you provide, we may be required to restrict or deny your account. By accessing this site and any pages thereof, you agree to be bound by our Terms of Service and Privacy Policy.