We are very pleased to announce the cooperation between Amazing Blocks and micobo. With micobos’ technical expertise making it one of Europe’s leading IT-development companies in the blockchain space, this partnership represents a great added value for Amazing Blocks and its network. The technical competencies and the team of highly qualified and experienced specialists of micobo have been convincing customers and partners for a long time. Amazing Blocks is therefore very proud to have a partner with such an outstanding reputation at its side. In close cooperation with micobo, Amazing Blocks has already managed to turn its vision into already successful applied solutions. Our Tokenpad is a proof of it! Together, we already make it possible to ensure smooth tokenization and token management. In the future, we will continue to rely on successful and trustful cooperation and we are looking forward to further successful cooperation!
As a highly specialized software and technology company, micobo focuses on delivering highly complex software solutions. Their aim is to help financial institutions to fulfill measurable results while primarily leveraging the Ethereum Blockchain. micobo has a global client base, as they are a reliable partner for applying Distributed Ledger Technology (DLT) and Security Tokenization.
DLT is a digital system for recording the transaction of assets in which the transactions and their details are recorded in multiple places at the same time. Unlike traditional databases, it does not require a central data store or administration functionality, which makes multi-party management more efficient and transparent. A DLT-based system is decentralized and can be used to record static data, such as a registry, and dynamic data, i.e., transactions. Through specialized financial software, micobo provides its clients with the right instruments to achieve a competitive edge and enhance the digitalization of the financial industry. Thanks to their unique experience and years of expertise developing technological solutions, micobo is trusted as a reliable partner for capital market infrastructure and fully compliant asset tokenization.
About Amazing Blocks
Tokenization will inherit a key role in the future of Web 3.0 with billions of dollars expected to be invested in this space by 2027 according to multiple reports. Amazing Blocks supports with its IT solutions the legally compliant tokenization of equity and asset ownership in line with the Liechtenstein Token Act.
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.
Goals and opportunities
According to Bloomberg, more than 60% of the world’s assets are still inaccessible via traditional market infrastructure. This can change throughout the mainstream adoption of tokenization and it is both companies’ shared belief that the next evolutionary step of financial assets will be using blockchain technology as its infrastructure.
It is therefore of the utmost importance that the ever-growing demand for technically reliable and legally compliant solutions is covered to ensure businesses and enterprises a successful digital transformation.
The goal of this partnership is therefore to be among the leading providers of products for the successful tokenization of assets to meet the needs of industry and the financial world. We want to provide market participants of any kind with easy to use whilst highly professional tools to empower them to adapt to the future of a token economy. That is why micobo was the right choice for Amazing Blocks as our partner to ensure cooperation that enhances our capability to deliver excellent services to our clients. This collaboration will allow us to further develop innovative infrastructure projects and R&D while applying micobo’s expertise in DLT and tokenization to push the digital transformation for financial services.
“We are thrilled to deepen this cooperation with Amazing Blocks, supporting a common aim of reshaping and improving the financial realm. Making available our infrastructure to pioneering projects like this one, we reinforce our objective of being optimally positioned now and in the future of the digital age. While we provide the Ethereum based layer, Amazing Blocks perfectly transforms this into a client orient service for ambitious and forward-thinking market participants,” stated Christian Labetzsch, Co-Founder of micobo.
Within this collaboration, Amazing Blocks has already launched a unique tokenization platform, the Tokenpad, which provides our customers with an easy to use token management platform.
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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.
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