Liechtenstein’s “Blockchain Law” (actually: Token VT Service Provider Law; in short: TVTG; VT stands for “trustworthy technologies”) provides the world’s first basis for the digital token economy. The law was passed in October 2019 and came into force in January 2020. According to this law, tokens embody fungible claim or membership rights. They can thus be digital representations of property. The underlying value can be vouchers, admission tickets, works of art, classic cars, real estate or company shares. With the law, Liechtenstein positioned itself as an innovative and legally secure location for providers in the token economy. dr Florian Scheiber, lawyer and notary from Liechtenstein, has been supporting companies for years, especially with the new, digital IPO as part of so-called security token offerings.
Two and a half years later, the European Union is now following suit with the MiCA regulation, whereby at least the proposal for the regulation (the regulation is not yet in force) is very much based on the Blockchain Act from Liechtenstein. MiCA stands for “Markets in Crypto Assets”. This regulation is intended to create uniform crypto regulation in the European Economic Area and in the EU. Money laundering, climate neutrality and anonymity are addressed and a legal framework is created in which cryptocurrencies can thrive.
The crypto market is becoming much safer. Token issuers will be clearly regulated by this new regulation. dr Not least due to his residency in crypto-friendly Liechtenstein, Florian Scheiber has been able to accompany many such issuers in security token offerings in the past. In principle, security tokens can be similar to stocks or bonds.
Find out more on the official website of Florian Scheiber.
Helping the companies go crypto IPO
The first exchange for security tokens in Switzerland is expected to open this fall. As a result, security tokens expect an appreciation: from then on there will be not only a primary but also a secondary market for security tokens. In other words, crypto exchanges have only listed utility tokens so far. Starting in autumn, security tokens will also be available on the token market.
Compared to the traditional IPO, Security Token Offerings have some key advantages. Financing via banks is often very restrictive, complicated and associated with many regulatory hurdles. In addition, the interest rates offered by the banks are proving to be (especially now again) not exactly attractive.
Not least for these reasons, security token offerings are becoming a smart alternative for more and more existing companies. These are simpler, faster and less expensive than a standard IPO and also appeal to a more dynamic audience. Crypto offers an intriguing fusion of the old and new worlds of finance, bringing new investors to companies.
New audiences and new investors through the digital economy
In order to reach these new investors, lawyer and notary Dr. Florian Scheiber with his many years of expertise. He acquired this not least because of his residency in the crypto stronghold of Liechtenstein.
The crypto world is associated with many risks and confusion, especially for newcomers and career changers. Fintechs, start-ups and SMEs are fundamentally interested in and open to new business opportunities. However, these are often not familiar with the intricacies and regulatory circumstances of the crypto market.
For this very reason, the focus of Dr. Florian Scheiber on supporting companies that have little experience with cryptocurrencies in the “crypto IPO”. In this way, companies can benefit from the many advantages of the crypto world and at the same time protect themselves against risks.
An all-round carefree package for the digital “crypto IPO”. Lawyer and notary Dr. Florian Scheiber and his team take care of the onboarding and legal matters and are at your side with their expertise and experience at every step.
In order to fully exploit the potential of blockchain technology, you also have your own platform with KYC or identity checks, tools for generating tokens and prospectuses.
interest aroused? Visit the official website of dr. Florian Scheiber and learn more.
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