Lenz & Staehelin advised CMTA in completing a dry run to subscribe and trade tokenized shares

The Capital Markets and Technology Association (CMTA), an independent Swiss association bringing together actors from the financial, technological and legal sectors, has carried out a full-scale test of decentralized capital market infrastructures using the distributed ledger technology (DLT) for the issuance and trading of securities. Arab Bank (Switzerland), Hypothekarbank Lenzburg, SEBA Bank, Sygnum Bank and Vontobel participated in the transaction.

Lenz & Staehelin advised on the issuance of the shares and the legal steps of the tokenization process. CMTA was also supported by Swissquote and Taurus Group. «Not only is it remarkably simple for a company to issue tokenized shares, but it is also possible today to hold and trade them through accounts held with professional custodians», commented Ariel Ben Hattar, member of Lenz & Staehelin’s capital markets practice and CMTA‘s Executive Committee Secretary.

Lenz & Staehelin advised CMTA in completing a dry run to subscribe and trade tokenized shares

FabioAdmin

Legalcommunity.ch

Launched in 2020 by LC Publishing Group, it is the first digital portal addressed to the Swiss legal market.
In terms of contents, the website focuses on both law firms and in-house legal departments, covering the latest news and rumors on deals and operations (and the related advisors) as well as on lateral hires, moves and new appointments and providing insights, analytical data and opinions on the professions’ main trends and topics (Ai, innovation, etc.).

For further information, please visit the Group’s website www.lcpublishinggroup.com

LC Publishing Group S.p.A. – Via Tolstoi 10 – 20146 Milano – Tel. 0236727659 – C.F./P.IVA 07619210961
REA 1971432 Registro delle Imprese di Milano – Cap. Soc. Euro 50.000,00 i.v.

Copyright 2022 © All rights Reserved. Design by Origami Creative Studio

SHARE

Share on linkedin
Share on twitter
Share on facebook
Share on whatsapp
Share on email
Share on telegram