Swiss Blockchain Federation publishes guidelines for digital equity and related tokens
12 December 2019 Zug
Image: Shutterstock
The Swiss Blockchain Federation has published guidelines for issuers of digital equity and related tokens.
The new guidelines have been designed to help smaller and mid-sized companies to fully leverage the issuance and trading of equity on the blockchain.
The blockchain federation explained that the guidelines were developed in a way that showed the most important steps and recommendations around the issuance of equity tokens.
The group of experts included Khalil Aouak, Diego Benz, Hans Kuhn, Luzius Meisser, Daniel Rutishauser, Peter Schnürer, Christopher Schütz, Alexander Thoma, Claudio Tognella, and Rolf Weber.
The guidelines could further provide valuable insights to foreign issuers that consider creating security tokens under Swiss law.
According to the Swiss Blockchain Federation, the document focuses on the digitisation of well-established financial instruments, namely shares, which unlike other token types provide investors by law with a well-known bundle of rights.
The federation said that relying on established instruments enables a timely implementation and helps to avoid cumbersome legal evaluation and approval procedures.
In addition, concrete recommendations concerning transparency and governance are made, which are both essential for the development of a “healthy” capital market, according to the federation.
The Swiss Blockchain Federation said it is “convinced” that the capital markets of the future will be digitised and that Switzerland is well-positioned to assume a pioneering and leadership role in this field.
The full guidelines can be downloaded here.
The new guidelines have been designed to help smaller and mid-sized companies to fully leverage the issuance and trading of equity on the blockchain.
The blockchain federation explained that the guidelines were developed in a way that showed the most important steps and recommendations around the issuance of equity tokens.
The group of experts included Khalil Aouak, Diego Benz, Hans Kuhn, Luzius Meisser, Daniel Rutishauser, Peter Schnürer, Christopher Schütz, Alexander Thoma, Claudio Tognella, and Rolf Weber.
The guidelines could further provide valuable insights to foreign issuers that consider creating security tokens under Swiss law.
According to the Swiss Blockchain Federation, the document focuses on the digitisation of well-established financial instruments, namely shares, which unlike other token types provide investors by law with a well-known bundle of rights.
The federation said that relying on established instruments enables a timely implementation and helps to avoid cumbersome legal evaluation and approval procedures.
In addition, concrete recommendations concerning transparency and governance are made, which are both essential for the development of a “healthy” capital market, according to the federation.
The Swiss Blockchain Federation said it is “convinced” that the capital markets of the future will be digitised and that Switzerland is well-positioned to assume a pioneering and leadership role in this field.
The full guidelines can be downloaded here.
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