Transaction of Tokenized Shares on Ethereum: Leveraging the Liechtenstein Token Act with the Tokenization Solutions of Amazing Blocks

Introduction

Figure 1: The “Issuer Tokenpad” of Amazing Blocks allows administering a legal entity in Liechtenstein

Transaction

  1. Legal name of the new shareholder
  2. Instrument of transfer (i.e., a sale and purchase contract for the shares)
  3. Identification of the new shareholder (i.e., the purchaser of the shares)
  4. Payment of the sale/purchase price
  5. Transfer of the tokens
  6. Reviewing the transaction

1. Legal name of the new shareholder

  • First name and last name
  • Street, postal code, city, country
  • Email and phone
  • Nationality
  • Date of birth and city of birth
  • Ethereum wallet address
  • IBAN bank account number, Bank name, country of bank, BIC code
  • Company name
  • Commercial register number and name of commercial register
  • Street, postal code, city, country
  • Legal representatives of the company (i.e., managing directors)
  • Ethereum wallet address
  • IBAN bank account number, Bank name, country of bank, BIC code

2. Share Sale and Purchase Agreement — the “instrument of transfer”

  • Seller: Who exactly is selling the shares?
  • Purchaser: Who exactly is buying the shares (maybe, a new shareholder)?
  • Number of shares
  • Price of the shares
Figure 2: The Share Sale and Purchase Agreement

3. Identification of the new shareholders (i.e., the purchaser of the tokenized shares)

4. Payment for the shares

5. Transfer of the tokenized shares

  • 5.1 Adding the new shareholder to the investors register of Amazing Blocks software
  • 5.2 Whitelist the wallet addresses of the seller and the purchaser in the Amazing Blocks software
  • 5.3 Generate the name hash in the Amazing Blocks software
  • 5.4 Transfer the tokenized shares initiated by the seller
Figure 3: Issuer Tokenpad of Amazing Blocks
Figure 4: Whitelisting the purchaser’s Ethereum wallet address and creating the name hash for the registered “tokenized shares”

6. Reviewing the transaction

Figure 5: Holders of Amazing Block AG’s tokenized shares (Source: Etherscan)
Figure 6: Sample transaction of Amazing Block AG’s tokenized shares (Source: Etherscan)

Conclusion

Remarks

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