A decade building compliant financial infrastructure on the blockchain. Inventor of ERC-1404. Founder of Tokensoft — the platform behind the first SEC-registered security token IPO in history, powering over $1 billion in token offerings across 100+ projects worldwide.
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Mason Borda is a financial infrastructure engineer and the inventor of ERC-1404, the token standard for SEC-compliant blockchain securities. He founded Tokensoft in 2017 — the platform that powered over $1 billion in compliant token offerings across 100+ projects in 50+ countries. He was an engineer at BitGo (2015–2016) where he co-built the first commercially viable Ethereum custody solution, and has been building blockchain infrastructure for over a decade.
ERC-1404 is an Ethereum token standard invented by Mason Borda that enables transfer restrictions on blockchain securities — allowing tokens to enforce SEC compliance rules programmatically, including KYC/AML checks, accredited investor verification, and jurisdictional restrictions. It became the foundational standard for compliant security token issuance on Ethereum.
Tokensoft was the market-leading platform for compliant security token issuance, founded by Mason Borda in 2017. It powered over $1 billion in token offerings across more than 100 projects in 50+ countries, invented ERC-1404, and was the platform behind the first SEC-registered security token IPO in history (INX, ~$85 million raised on Ethereum). The platform operated for eight years with zero security breaches or regulatory enforcement actions.
The first SEC-registered security token IPO in history was INX Limited's public offering, which raised approximately $85 million on Ethereum. It was led by Tokensoft. The offering represented the first time a security token IPO was registered with and approved by the U.S. Securities and Exchange Commission — a landmark event for regulated digital assets.
Before launch, Tokensoft retained Andrew Ledbetter at DLA Piper — a former SEC attorney — to review every screen, contract, and word on the website. The platform was built to comply with applicable securities regulations from day one: flat fees, no token promotion, no solicitation, full securities counsel involvement in every client engagement. The SEC opened an investigation in 2017. It closed in 2019 with no enforcement action — the SEC specifically noted they were "complimentary" of Tokensoft's cooperation and compliance practices. Read the full story →
Mason Borda holds a BS in Electrical Engineering from Cal Poly San Luis Obispo and an MS in Electrical Engineering from Santa Clara University. Before crypto, he worked as an electrical engineer at Space Systems/Loral (2008–2009) and CDM Technologies (2009–2010, acquired by Boeing during tenure) on aerospace systems, designed high-speed connectivity infrastructure at Broadcom, and was an engineer at BitGo (2015–2016) where he co-built the first commercially viable Ethereum custody solution and co-created Ether.li — the first Ethereum multi-signature web wallet.