The Swiss Blockchain Federation issued on 12th Dec the Circular 1/2019 Tokenized Equity containing the Guidelines for Issuers of Equity and Related tokens.
The Circular offers detailed guidelines regarding various aspects implied by the issuance of equity and equity-like instruments (digital tokens) considering that tokenization of assets is very important for capital raising and could lead to the creation of the “Internet of Finance”.
Companies interested in equity tokenization can find advise on the choice of instruments ( Equity Tokens or Debt Tokens), Governance, Prospectus, Shareholder Rights, Know Your Customer, Trading and the list of necessary documents.
Switzerland seems to be in the forefront of the assets tokenization and modern financial instruments and the Swiss Blockchain Act which will create a DLT Trading Licence System will allow also the listing of tokens qualified as securities.