Everything you need to talk about Tokken.

 
 

Media Coverage


Listen To Our Interview on Bloomberg Radio

Listen Online


Rob Marvin | PC Magazine

"Tokken was born as a way for banks to deal with high-risk accounts. One of the federal government requirements that precludes banks from operating in the cannabis space is the ability to record and ensure complete data integrity."

View Original Article


Madison Margolin | VICE

"Zarrad is the founder of Tokken, a Colorado-based company that provides an online banking experience for cannabis companies using an indelible blockchain ledger ensuring data integrity and proprietary compliance."

View Original Article


Bill Hardekopf | Forbes

"The start-up, Tokken is one of several recently created companies looking to solve one of the most vexing problems facing marijuana businesses in Colorado and several other states: the endless flow of dirty, dangerous, hard-to-track cash."

View Original Article


Justin O'Connell | VICE

"We want to restructure the way financial institutions look at risk. That’s how to bridge the gap between banking and cannabis."

View Original Article


Jonathan Chester | Forbes

Lamine Zarrad, CEO: "At Tokken, all of our transactions are notarized on the blockchain. This creates an immutable ledger of every transaction that has ever happened. Because of this, the costs of the audits and reviews as they pertain to Marijuana dispensaries are drastically reduced. This means that we can bank these companies in an economic and efficient manner and the dispensaries no longer need to operate in cash only environments."

View Original Article


Jess Ryan | Built In Colorado

"Tokken was born from the inefficiencies I noticed,” said Zarrad. “As everything else around banks is evolving, banks are unable to keep up effectively. They’re unable to to address needs as efficiently as they should."

View Original Article


Bailey Reutzel | PaymentsSource

"Tokken provides the enhanced know-your-customer reporting that banks need to feel comfortable working with marijuana businesses."

View Original Article


Chuck Ludley | Green Rush Daily

"By linking in-store activity to a blockchain, Tokken would help dispensaries create an official record of everything they do."

View Original Article


The Cannabist

"What Tokken does is something unique… What Tokken does is capitalizes on this decentralization trend in banking. We look at cutting-edge technologies which allow us to streamline compliance practices and therefore really tackle regulation head-on."

View Original Article


Benzinga

"While some businesses in the industry are stashing their money, in cash, in storage units or armored vehicles, others are turning to blockchain services like Tokken."

View Original Article


ABC 2 News

"Lamine Zarrad is a former bank regulator and now the CEO of Tokken, a startup that's hoping to give cannabis companies a way to track their transactions as closely as they track their plants, by recording those transactions using blockchain technology."

View Original Article


Business Den

"Zarrad’s solution is to take cash out of the equation. Users download the Tokken app for free on Apple or Google Play and link their app to their phone number as well as bank or credit card accounts."

View Original Article


Kindland

"Where Tokken enters the picture, and what its CEO sees as the future of banking, is providing a system that values both secure and reliable transfer of funds, and the integrity of data."

View Original Article


Shoshanna Delventhal | Investopedia

"Tokken is an electronic blockchain payment system, like Venmo or PayPal, which allows costumers to make purchases through their smartphones, completely eliminating cash from the equation."

View Original Article


Nathaniel Popper | The Boston Globe

"Tokken will use the electronic money transfer system in the United States known as the Automated Clearinghouse, or ACH, to move money from the bank account of a customer to Tokken’s bank account. Tokken will then keep subaccounts for each dispensary — making it unnecessary for the banks to deal directly with dispensaries."

View Original Article


Joel Warner | International Business Times

"We want to be a digital banking institution that provides banking services to cannabis industry."

View Original Article


Alan Pyke | ThinkProgress

"Tokken will use the electronic money transfer system in the United States known as the Automated Clearinghouse, or ACH, to move money from the bank account of a customer to Tokken’s bank account. Tokken will then keep subaccounts for each dispensary — making it unnecessary for the banks to deal directly with dispensaries."

View Original Article


New Cannabis Ventures

"In contrast to its rivals, which use hardware and software solutions, Tokken is working on an electronic payment system that bypasses traditional credit or debit networks relying upon the blockchain."

View Original Article


Nate Linhart | Chicago Sun Times

"Tokken, founded by Lamine Zarrad, is using financial software to assist banks and pot dispensaries in monitoring transactions."

View Original Article


Caleb Newquist | GoingConcern

"This is so crazy it just might work! Or not! Either way, it's very interesting and the kind of thing that your CPA pot practice should be a part of."

View Original Article


Marijuana Stocks

"Tokken is one of the many companies trying to innovate in the cannabis industry to solve issues that annoy both consumers and providers."

View Original Article


Julia Wright | Civilized

"There was a vacuum that had to be filled by an entity that was small enough to be agile, but also had the intellectual capital to address these regulatory hurdles."

View Original Article


Justin O'Connell | Merry Jane

"Tokken, a “blockchain agnostic” startup whose executives have decades of experience working in government, uses cutting edge technologies to usher in an era of distributed and digital payments in the cannabis industry."

View Original Article


Ganjapreneur

"Tokken provides an online banking experience, using an indelible blockchain ledger to ensure proprietary compliance and data integrity."

View Original Article


Denverite

"For an industry operating under intense scrutiny, both from the federal and local government, this vice-like security is vital. And, now, it’s affordable too."

View Original Article


Cryptocoins News

"The 'blockchain agnostic' startup, with executives having decades of experience in government, is looking to provide a sustainable and transparent model for cannabis businesses..."

View Original Article


Bunker Labs

"Tokken is a technology platform that extends banking services to cash intensive, un-bankable businesses."

View Original Article


International News

El Financiero, Mexico

"Lamine Zarrad, un individuo con experiencia en el campo regulador bancario federal, quiere ofrecer a los dispensarios de marihuana de EU los servicios que muchos bancos se niegan a darles a través de un programa informático que los ayudaría a monitorear y registrar transacciones."
“Lamine Zarrad, an individual with experience in the field as a federal bank regulator, wants to offer marijuana dispensaries in the U.S. services, denied them by many banks, through software that would help monitor and post transactions.”
View Original Article

El Nuevo Dia, Puerto Rico 

"La empresa pretende darles transparencia y formalidad a las transacciones de este negocio realizadas en la Isla."
“The company aims to give transparency and formality to the transactions of this business carried out in the island.”

View Original Article


FurFur, Russia

"Нет ничего опасного в сотрудничестве банков и наркобизнеса, если тщательно следить за транзакциями. Просто обычно банки не обеспечивали достаточную прозрачность транзакций и поэтому не могли защититься от отмывания денег."
“There is nothing dangerous in the cooperation of banks and marijuana businesses, if the transactions are carefully monitored. Generally, banks do not provide sufficient transparency in the transaction and therefore cannot protect against money laundering.”

View Original Article

El Vocero, Puerto Rico

"Este sistema desplaza los elementos de lavado de dinero en su inicio: colocación, estructuración e integración."
“This system displaces the elements of money laundering at the start: positioning, structuring and integration.”

View Original Article

El Pais, Uruguay

"La nueva empresa de Zarrad, llamada Tokken, es una de las compañías de reciente creación que tratan de resolver uno de los más fastidiosos problemas a los que se enfrentan los negocios de marihuana en Colorado y otros estados: el interminable flujo de efectivo sucio, peligroso y difícil de rastrear."
“Zarrad’s new enterprise, called Tokken, is one of the start-up companies that tries to resolve one of the most annoying problems that face marijuana businesses in Colorado and other States: the endless flow of dirty cash, dangerous and difficult to trace.”

View Original Article


Catherine Boullay | France Inter, France

"Alors bien sûr, certains ont déjà imaginé comment contourner les banques.Des start up se sont mises sur le créneau pour imaginer un nouveau circuit d’argent du consommateur en passant par le distributeur qui atterrirait au final à la banque."
“So of course, some have already imagined how to bypass the banks. Start-ups have taken the niche to imagine a new circuit of money from the consumer through the distributor who would ultimately land at the bank.”

View Original Article


Folha De S. Paulo, Brazil

"As transações serão registradas por meio do sistema blockchain, sistema de registro irrevogável, o que seria um registro confiável e completo de todas as transações."
“Transactions will be recorded through the blockchain system, an irrevocable registration system, which would be a reliable and complete record of all transactions.”

View Original Article