Amazing Blocks becomes a member of European Blockchain Association

We are pleased to announce that Amazing Blocks is a member of European Blockchain Association (EBA), an independent platform for blockchain-related communities and organizations. Amazing Blocks co-founded the working group at EBA — EUTOK (European Blockchain Association Tokenization Working Group) to set frameworks and realize concrete tokenization projects as well as provide educational resources. This membership enriches the European Blockchain Ecosystem and is a further step towards providing our customers with the best possible all-round package when it comes to tokenizing assets of all kinds.

About European Blockchain Association (EBA)

EBA empowers members to collaborate actively engaging at projects and founding a working group. Together the members discuss, develop and elaborate shared work. Among the current engagements of EBA are working groups dedicated to Proof of Stake (EUPos), Self Sovereign Identity (EUSSI), and Tokenization (EUTOK).

Additionally, EBA organizes professional courses on blockchain and DLT technology to equip the corporate leaders to unlock the potential of innovative technology for their enterprise. Together with one of Europe’s leading universities — the Technical University of Munich, EBA offers the certified DLT/Blockchain Manager program.

EBA is structured as a Decentralised Semi-Autonomous Organisation (DSAO). With this structure, EBA combines the advantages of decentralised networks with the essential requirements of our society.

About Amazing Blocks

Amazing Blocks was founded in 2020 in Liechtenstein without a bank account, but with Ethereum as an initial contribution. Amazing Blocks developed a solution with which technology and the law (i.e., Liechtenstein Token Act) are seamlessly integrated. It is the perfect solution for tokenization projects (e.g., real estate, cars, machines): To be precise, this means flexible tokens (e.g., equity tokens or debt tokens or participation rights as tokens) in accordance with the Liechtenstein Token Act — which from a foreign point of view then represent, e.g., a normal (un-traded) security. We were the first to tokenize real equity of an AG in Liechtenstein leveraging our own solution, resulting in 600 Amazing Blocks tokens. They have been assigned with an ITIN by ITSA and can be seen on Etherscan here. These tokens effectively prove that the Liechtenstein model seamlessly merges tech and law. In the future, we will not only support our clients in tokenizing assets but also work with our entire network to create a true token economy.

All in all, the “digital AG in Liechtenstein’’ allows a very efficient foundation and operation of a company in Liechtenstein and thus above all an efficient and flexible tokenization. This should now make a wide variety of tokenization projects possible because the costs for tokenization are reduced to a minimum. Furthermore, equity tokens in line with the Liechtenstein Token Act can be for instance locked in DeFi protocols as collateral. This will provide much needed real-world use cases and liquidity and enables illiquid assets like real estate to participate in these innovative protocols.

Amazing Blocks is a Liechtenstein-based legal tech startup that enables the creation and management of equity tokens. Leveraging the Liechtenstein Token Act, almost any asset or company can be tokenized. This includes real estate, cars, machines, and even fine art. Flexible tokens (e.g., equity tokens or debt tokens or participation rights as tokens) represent legal rights and are treated as a security according to the Liechtenstein Token Act. Liechtenstein Law permits the foundation of entities with initial contributions in cryptocurrencies like Ethereum. This makes the necessity for a bank account obsolete and enables great flexibility in the foundation process. Logically, Amazing Blocks was founded with an initial contribution in Ethereum and became the first company with completely tokenized equity. Like any other equity tokenization, it can be observed on Etherscan and grants great transparency. This showed the immense innovation potential in legal tech and established Amazing Blocks as pioneers, merging law and tech.

Amazing Blocks assists clients in all questions connected to the topic of equity tokenization and has a large network of partners familiar with the legal situation in Liechtenstein. The result is equity management with the full advantages of tokenization and the legal security of a conventional company structure.

Goals and opportunities

“It’s encouraging to see more businesses recognize that connecting and collaborating with the ecosystem is one of the best ways to drive and secure their own company. We’re thrilled that the EBA will serve as a neutral ground for such interdisciplinary work, and we’re particularly excited to see where tokenization goes next, given its many connections to other technologies and industries.”, states Michael Gebert, Chairman of the European Blockchain Association.

Amazing Blocks and European Blockchain Association are joining efforts to provide the best infrastructure to thrive in the new era of digital finance and digitized capital markets. In the future, assets of all kinds will be issued tokenized and represented on a blockchain. Together we build the infrastructure to make the vision of a token economy reality. This partnership will enable customers of both companies to enter the market more conveniently while enjoying absolute legal certainty. The concept of a complete solution that is both simple and efficient is the goal, and together we are once again a big step closer to achieving it.

Remarks

Amazing Blocks offers a tokenization solution that enables its clients to tokenize various assets according to the Liechtenstein Token Act (software-as-a-service). The software covers both the issuance of tokens and investing in tokens. It suits the needs for tokenizing all kinds of assets (e.g. machines, cash flow generating contracts, trademarks, real estate, cars). Imagine that some asset should be tokenized. For this asset, various tokens would make sense: Equity tokens, debt tokens, participation rights as tokens, ownership tokens, or any mixture of these tokens. The software of Amazing Blocks helps issuers to handle multiple assets and to issue multiple tokens for these assets. This is possible by integrating blockchain technology with the law (that is, the Liechtenstein Token Act). At the core, there is the “digital legal entity in Liechtenstein” based on “tokenized shares” which allows a very efficient foundation, a very efficient operation of the company, and, thus, an efficient and flexible possibility to tokenize assets. This should now make a wide variety of tokenization projects possible because the costs for tokenization are significantly reduced.

Interested? Then, contact us! Are you interested in what Amazing Blocks is doing? Visit our website, write an email to hi@amazingblocks.io, or follow us on LinkedIn or Twitter. Or provide your email address here and we will immediately send you more information.

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Digital legal entities in Liechtenstein based on true equity tokens to tokenize any asset in a standardized way to save time and money. - www.amazingblocks.io