Swiss Blockchain Federation Publishes New Guidelines for Token Issuance

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The Swiss Blockchain Federation has published a concise and easily understandable manual with guidelines for issuers of digital equity and related tokens which they say is succinct and easy-to-understand SMEs to fully leverage the issuance and trading of equity on the blockchain in Switzerland.

From the release:

“The issuance of equity and other financial instruments in the form of digital tokens is seen as one of the most promising use cases for blockchain technology. Even smaller issuers are now able to digitize their equity, participation certificates or bonds in full compliance with regulatory requirements. They become digitally transferrable within seconds, which in the medium run could enable the development of secondary markets for all shares that are currently not publicly traded.”

They are convinced that the capital markets of the future will be digitized and that Switzerland is well-positioned to assume a pioneering and leadership role in this field.

“To make sure that not only large corporations with the necessary expertise are able to benefit, but an expert group has also developed these simple and concise guidelines, laying out the most important steps and recommendations around the issuance of equity tokens. The guidelines could further provide valuable insights to foreign issuers that consider creating security tokens under Swiss law.”

The document focuses on the digitization of well-established financial instruments, namely shares, which unlike other token types provide investors by law with a well-known bundle of rights. Relying on established instruments enables timely implementation and helps to avoid cumbersome legal evaluation and approval procedures. Moreover, concrete recommendations concerning transparency and governance are made, which are both essential for the development of a healthy capital market.

Download the guidelines here as a PDF.

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About Richard Kastelein

Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News put him in the top 10 Token Architects in Europe.

Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first Blockchain University in Nanchang at the Jiangxi Ahead Institute of Software and Technology. In 2018 he was invited to and attended University of Oxford's Saïd Business School for Business Automation 4.0 programme. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division.

Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ citiies. He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe.  In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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