BitNewsBot - 12/2/2019 11:31:51 PM - GMT (+0 )
The Crypto Valley Association (CVA), a Switzerland based blockchain advocacy group, has published an “Asset Tokenization Paper” at the inaugural launch event for its Western Chapter today taking place at the EPFL Swiss Federal Institute of Technology in Lausanne.
The CVA seeks to define the tokenization process for Swiss companies while addressing legal and technical questions relating to asset tokenization. The paper also provides guidance to those engaging with security tokens.
Commenting on the publication, Dr. Mattia Rattaggi, board member & Regulatory Policy WG Liaison, stated:
“The CVA is extremely pleased to offer the Crypto Valley community this unique Asset Tokenization Paper, written by practitioners, for practitioners. We believe this paper will provide a useful guide to entrepreneurs seeking to carry out Security Token Offerings or trade security tokens in Switzerland, and will assist them in addressing questions from a legal and technological standpoint. This marks an important stepping stone for us as we work together to cement the Crypto Valley as an industry-leading ecosystem.”
The document was guided by Florian Ducommun, Chair of Asset Tokenization Task Force. The paper was authored by a task force of attorneys, compliance specialists, and technology experts, from organizations including HDC, PwC, MME, SEBA, and Lykke.
The CVA said the paper will “increase understanding of the legal, regulatory and technical environment and ensure compliance with market standards using streamlined processes, with the overall aim of shaping a strong framework for blockchain technology in Switzerland.”
Jérôme Bailly, Chair of the CVA Western Chapter, said the launch of the Western Chapter marks a milestone in the continued maturation of the CVA and of the Swiss blockchain ecosystem:
“We are bridging the development gap taking place across Switzerland and expanding the reach of the CVA and its resources. As we look to reinforce Switzerland’s position as a leading crypto nation, the new Western Chapter of the association will play a vital role. The unveiling of the Asset Tokenization Paper cements this significant event and drives the CVA closer to its mission.”