What does Tokenex do?

TokenEx is a cloud security and data protection company that specializes in tokenization, encryption, and key management technologies. Founded in 2010 by Alex Pezold and Dr. Jerald Dawkins, the company is headquartered in Tulsa, Oklahoma. TokenEx has raised approximately $140 million in funding and reported an annual revenue of $15.3 million as of 2024. The company is recognized for its expertise in PCI DSS compliance and data security. TokenEx offers a cloud-agnostic tokenization platform that replaces sensitive data with non-sensitive tokens, significantly reducing breach risks and compliance scope. Its services include advanced encryption protocols, secure key management, and data desensitization, which supports compliance with various data protection regulations. Recently, TokenEx has been integrated into IXOPAY, enhancing its capabilities in payment orchestration and providing flexible payment solutions for global merchants. The company serves a wide range of industries, including payments, retail, travel, insurance, healthcare, and financial services.