Asset ManagementTokenization Platform BlockState Issues its own Digitized Equity for Global Investors

FintecBuzz FintecBuzz1 week ago536 min

The Swiss security tokenization provider BlockState (www.blockstate.com) has announced that it will launch its asset tokenization platform issuing its own digitized company equity. The announcement comes shortly after BlockState unveiled one of its first clients to conduct an STO, the European urban music promoter Streetlife International. BlockState’s digital company shares will be on public sale starting 18 June 2019.

BlockState will showcase the entire security tokenization and investment process from start to finish, enabling institutional, professional and retail investors to participate in a public equity round. It is being backed of international investors from the finance industry and advisors from leading companies including Airbnb, Google, Credit Suisse and Pictet. Patrick Storchenegger, Swiss notary and board member of the Ethereum Foundation, acted as the legal architect. BlockState will enable both institutional and retail investors to participate in the public offering of €2 million to fund further technical and business development activities.

Issuing our company equity on our own platform really demonstrates the value of tokenization for SMEs and other non-bankable assets. The ease with which issuers and investors can be connected compared to the complex, bloated value chains of traditional capital markets is nothing short of disruptive,” Paul Claudius, co-founder and CEO of BlockState says. “We are thrilled to see our own issuance become an example case for the wider market and are even more excited about the trust placed in us by the many international clients in our pipeline.”

Tokenization: the new standard for fundraising infrastructure
BlockState addresses the inefficient access to capital markets, which according to data from the Bank of International Settlement affects 54 percent of assets worldwide. Security tokenization enables entrepreneurs and asset holders to access capital markets at significantly reduced costs, breaking down barriers to entry for issuers as well as investors.

Security tokens are digital representations of existing regulated financial products. Using blockchain technology and smart contracts, security tokens can be programmed to enable shareholder rights like dividends and voting without the need for costly intermediaries. Security tokens can be issued at low cost and split indefinitely to allow smaller investment tickets. The easy and instantaneous transfer between parties paired with a growing demand for tokens on the issuer and investor side holds the promise of more efficient secondary markets.

Creating a new fundraising ecosystem
In addition to the legal and technical setup for a digital issuance and interfaces to manage investor communications and corporate actions such as dividends or votings, BlockState provides access to an ecosystem of financial service providers such as private banks and secondary markets for digital assets to directly connect issuers with investors. The BlockState solution operates on the Ethereum blockchain and is set up to accommodate interoperability with R3/Corda, to ensure compatibility for institutional investors and financial intermediaries.

More information about the BlockState STO at https://blockstate.com/sto/blockstate/

About BlockState
BlockState was founded in 2018 in Zug, Switzerland, and has offices in Berlin, Germany. It is a fully compliant security token platform for SME equity or debt and real estate. BlockState provides an end-to-end Security Tokenisation platform to digitize the ownership to privately owned assets and issue them to a global investor audience, making use of Blockchain technology for efficiency gains and financial product innovation. BlockState is supported by international investors and advisors from the financial market, technology and legal space. In 2019, BlockState will tokenize and issue its own company equity to investors globally.

SOURCE BlockState

RESOURCE URL : https://www.prnewswire.com/news-releases/tokenization-platform-blockstate-issues-its-own-digitized-equity-for-global-investors-300863208.html

FintecBuzz

FintecBuzz

Leave a Reply

Your email address will not be published. Required fields are marked *

Fintech has redefined the banking and financial services to the next level. With the regular emerging trends surrounding the fintech arena, it gets difficult for CFO’s and tech-finance people to keep a hold onto the latest trends along with the added complexity of deciding what helps and what not. This is where we emerged for a solution. We are one of the world’s leading Fintech-based media publication with our content strategized and synthesized to fit right into the expanding ecosystem of Finance professionals. Be it our press releases, tech articles from Fintech evangelists or interviews from top leaders from global fintech firms, we give the best slice of knowledge topped up with the most apt trends. Our sole mission is to help tech and finance professionals step up with the rapidly emerging Fintech civilization and gain better insights to emerge victorious in every possible way.

FintecBuzz, 2019 © All Rights Reserved