Blockchain-based investment and banking ecosystem Smartlands is expanding its legal framework.
The firm is doing this in order to create a broader set of options for HNWIs. As a result, Smartlands will utilise the investment structure based on the Liechtenstein legislation under EU regulatory directives.
Furthermore, it will undertake this to align itself primarily with the needs of HNWIs, family office, and institutional investors.
Smartlands plans to tokenise the first investment fund with £50m in assets during the first two quarters of 2020. It has already received offers from existing investment funds interested in using the firm’s blockchain technology.
“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.”
UK-based Smartlands is a worldwide platform for the tokenisation of real economy assets by issuing security tokens.