The Swiss Commercial Register has given the green light for the first incorporation of a company for an initial public offering (IPO) of tokenized shares on a blockchain.
OverFuture will launch a compliant IPO. It will offer ordinary class-A shares on EDSX. Smart contracts from the European Digital Assets Exchange will enable this. Based in Zug, the platform complies with Swiss laws on intermediaries, banking, anti-money laundering together with organized trading.
This might be a huge revolution for the financial industry, claim Andriotto Financial Services, because blockchain allows to launch an initial public offering and organize secondary market transactions without the involvement of many traditional players as: banks, financial intermediaries, broker-dealers, central depositary systems, notaries, etc.
Not only that, but this is the first step toward a huge revolution for the way companies access to the capital markets and crowdfunding. (learn the 3 features of the traditional investment that tokenization would change for good here).
The model differs greatly from traditional intermediaries in capital markets. There are at least three key differences: costs, time, and direct sales from issuers to investors. Some traditional exchanges now prepare for digital stock distribution.
OverFuture’s prospectus has been deposited and it’s available here: www.overfuture.io. The offering price for OverFuture will be €1.25 ($1.38) per share (token) as well as a deal could be made through the platform EDSX.
What is the main difference with other security offerings on the blockchain?
The Swiss register’s first approved articles mention shares as digital tokens. They also state using blockchain to keep the shareholder list. This implies ownership can only change by token transfers on the blockchain. The overall ownership of a token alone grants shareholder status.
This new step has us witnessing major regulatory changes and incredible success that opens opportunities to develop and liberate the financial world as we know it so far.
Are you looking for great investment opportunities? Learn more about OverFuture on EDSX.
Based in Zug, the platform is fully compliant with all Swiss laws related to financial intermediaries, banking, anti-money laundering, and organized trading facilities. Among its core values, there are innovative solutions through blockchain technology, which ensures security and liquidity.
EDSX is the first platform in Europe with primary and secondary markets for both institutional and retails. EDSX is a pioneering platform that employs the world’s leading technology to globally list security tokens in both primary and secondary markets, listing digital securities of real financial instruments to the public with a decentralized peer-to-peer exchange. Our goal is to fully engage every aspect of the financial revolution.
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