Homburger with the Swiss Shakti Foundation on notes issuance
Homburger advised the Swiss Shakti Foundation throughout establishment of its SXE Digital SMART Note Issuance Program.The notes issued under the SXE Digital SMART Note Issuance Program will be issued as ledger-based securities.
The context
The proceeds from the issuance of each tranche of Notes will be distributed between a collateral use for the investors (90%) and the furtherance of the “Project” (10%), a program which was gifted by the Swiss Shakti Foundation’s founder, addressing school participation deficits globally by utilizing a Proof-of-Effort (PoE) blockchain protocol.
The Homburger team
Benjamin Leisinger (capital markets, financing and investment products, pictured) led the Homburger team on the matter, working alongside Lee Saladino (capital markets) as well as Alexander Wherlock (financial market regulation, financing and investment products).
