Amazing Blocks forms partnership with law firm NÄGELE in Liechtenstein
We are pleased to announce a partnership between Amazing Blocks AG and NÄGELE Attorneys at Law LLC, one of the key law firms in Liechtenstein. They will provide legal guidance for Amazing Blocks AG offering the best possible services regarding the tokenization of registered shares.
Tokenization of shares with Amazing Blocks AG
Amazing Blocks AG offers a software-as-a-service that helps its clients to set up a fully digital legal entity, a Liechtenstein AG, with tokenized shares. This allows users to set up and administer a legal entity almost completely digitally and remotely. Physical meetings, travelling and notaries can be mostly avoided: The period from deciding that a client needs a legal entity until it is fully operational and travelling will be significantly reduced. Contact Amazing Blocks AG, request access to the Tokenpad software, provide some data for the future legal entity and for the future shareholders: Investing a couple of hours and subsequently initiate the token-generating process yourself. Fundraising and ESOP can be done accordingly as well with the provided software. Who needs a fully digital legal entity? The best use cases are for (1) all kinds of blockchain startups from the entire world and (2) to package tokenized assets such as real estate, oldtimers, machines, cash-flow generating contracts and trademarks. To tokenize everything, in some cases a legal wrapper (special purpose vehicle, SPV) is still needed. Amazing Blocks AG offers a software to its clients to set up digital legal entities in Liechtenstein remotely from anywhere in the world. These digital legal entities are easy to administer saving time and money. They rely on tokenized shares in line with the Liechtenstein Token Act (TVTG alias Blockchain Act).
NÄGELE Attorneys at Law LLC as a legal partner
With drafting the relevant documents to allow digital legal entities in Liechtenstein, NÄGELE Attorneys at Law supports Amazing Blocks AG in their operating business. NÄGELE Attorneys at Law LLC is an independent law firm established in 2015 which specializes on auspicious fields such as blockchain & DLT, IT in general and the capital markets, making it a predestined fit for a blockchain startup like Amazing Blocks AG. While still being a relatively young company, they inherit an impressive resume of high-profile clients of international corporations, regional SMEs and private as well as public institutions. The partnership can further diversify their already astonishing list and expand their business even more. Furthermore, founder Thomas Nägele brings Blockchain and Cryptocurrency experience since 2011 to the table, an almost unique attribute in the ever evolving industry, when considering the legal perspective. This clearly provides them with a competitive advantage over their peers and establishes their pioneer status in the legal field. Last but not least, they prove to be on par with the tech-industry by constantly striving to improve and digitize their business further by for instance offering comparative guides regarding certain IT topics on their website.
Goals and opportunities of the partnership
As a LegalTech blockchain startup, Amazing Blocks AG is the perfect match for a law firm with pioneer status. This grants Amazing Blocks AG the opportunity to fully reap the benefits of asset tokenization. Amazing Blocks AG can now follow its ambitious goals, due to this profound backing without having to worry about legal aspects. NÄGELE Attorneys at Law LLC is perfectly equipped to cope with the fast pace of a highly innovative industry like blockchain, where establishing a legally compliant tokenomy is the logical next step toward mainstream adoption.
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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 firstname.lastname@example.org, or follow us on LinkedIn or Twitter. Or provide your email address here and we will immediately send you more information.