Swiss Regulator Approves Blockchain Company to Launch Compliant IPO on Ethereum

Abstract : Swiss regulator has approved the blockchain company Overture for the first compliant IPO on Ethereum blockchain. Overture will use smart contracts provided by the European digital asset exchange EURO DAXX based on Zug to conduct a compliant IPO on the Ethereum blockchain and offer ordinary class-A shares.

ChainDD
ChainDD

Jan 29

According to Cointelegraph news, the Swiss regulator has approved the blockchain company Overture for the first compliant IPO on Ethereum blockchain.

Overture and its financial advisory firm, Andriotto Financial Services said: “The company has approved the first Swiss articles of incorporation that directly states the digital nature of the shares (tokens) and the use of the blockchain as the technology to keep the shareholders registry [...] transfer of the company ownership can be achieved only with a transfer of the tokens on the blockchain and only the ownership of the token can give the status of shareholder.”

Overture will use smart contracts provided by the European digital asset exchange EURO DAXX based on Zug to conduct a compliant IPO on the Ethereum blockchain and offer ordinary class-A shares.

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