Smartlands to Revise and Expand Legal Framework, Base Future Projects on Liechtenstein Law

Smartlands to Revise and Expand Legal Framework, Base Future Projects on Liechtenstein Law
12.02.2020 05:10 pm

Smartlands to Revise and Expand Legal Framework, Base Future Projects on Liechtenstein Law

Blockchain , Banking , Alternative Finance , Crowdfunding

Smartlands, the next-generation blockchain-based global investment and digital banking ecosystem, will be expanding its legal framework in order to create a broader set of options for high-net-worth individuals. As it was announced in the beginning of 2020, Smartlands will align itself primarily with the interests of high-net-worth individuals, family offices, and institutional investors. Therefore, the company plans on utilising the Investment Fund structure based on the Liechtenstein legislation under the EU regulatory directives. 

“Crowdfunding is a very exciting area of fundraising, particularly in the UK with the country’s dense financial markets and tight regulations. Those preconditions allow us to involve all types of retail investors in campaigns for tokenised shares in virtually any asset class,” says Yaroslava Tkalich, Smartlands CMO

“We remain believers in crowdfunding,” says Ilia Obraztsov, Smartlands CEO, “ but dwelling on our past successes is not in Smartlands' book. We're excited about the possibilities the Liechtenstein Blockchain Act presents to investors and issuers in regards to direct tokenisation of any asset using blockchain tokens as containers for any assets. Armed with cutting-edge legislation for investment funds, the Liechtenstein jurisdiction is ideal for structuring basically any financial product on blockchain there may be. Liechtenstein SICAVs (or open-ended funds) are industry standard and one of the most popular types of funds in the EU. SICAVs can be used as umbrella funds for multiple sub-funds. Such structure provides an efficient and fast way to introduce new investment ideas and opportunities on blockchain in one of the most prestigious fund jurisdictions. It is possible to tokenise any assets with a dedicated sub-fund.”

Smartlands plans to tokenise the first investment fund with £50 million in assets during the first two quarters of 2020. Also, our team has recently received quite promising offers from existing investment funds that are interested in using Smartlands’ technology and infrastructure to switch to blockchain technology and implementation of automated management of uncertificated shares. 

 

Related News

Finboot partners with LCAM to transform dispute resolution using blockchain legaltech

Finboot, the company behind the enterprise-grade blockchain middleware MARCO... Read more »

Exactpro awarded Innovation accolade for Blockchain project with R3

Exactpro, a leading software testing provider for financial market infrastructures, is pleased to announce the receipt of QA Financial’s “Automation Technology Project of the... Read more »

Finboot’s MARCO recognised by World Economic Forum as an example of successful blockchain implementation in supply chains

Finboot, the company behind the production-ready blockchain middleware MARCO, is pleased to announce that it has been... Read more »

Acronis Cyber Protect Cloud: a “Vaccine” Option for Cyber Threats

Acronis, announced today the global launch of... Read more »

New research from MMC Ventures concludes activity and investment remain strong in the UK blockchain ecosystem, despite the ‘crypto winter’

New research released today from venture capital fund MMC Ventures, shows that while 2,700 blockchain... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel