ILP structure issues Future Loan Access Tokens (FLAT), which are a form of “access tokens”, so creditors can transfer their loan agreements to others. Tokens will be issued to the creditors who lend funds to the company. Each company using Tokenote ILP structure can brand their tokens as they wish.
User identification and verification are a critical function to prevent fraud and anti-money laundering. Such procedures, or Know Your Customer (KYC), need to be completed before loan agreements can be digitally signed. Agrello ID, a digital identity and signature solution, provides the support necessary for Tokenote's ILP system.