Switzerland Approved The First Blockchain-based IPO; Municipality Introduces Bitcoin POS
Swiss regulators have approved the country's first Ethereum blockchain-based IPO. The Swiss blockchain company Overture has announced that it’s ready to start an IPO in accordance with the state standards. The company will launch an initial offer of Class A shares on the Ethereum blockchain. The shares will be as tokens on the platform of the first decentralized digital assets exchange EURO DAXX.
Investors get the opportunity to take and sell shares. The platform of the exchange ensures the confidential transaction, the reliable settlements, and the absence of intermediaries. EURO DAXX complies with KYC and AML. One of the advantages is that shareholders are exempt from depositary fees. However, there is one question that Overture and EURO DAXX have not yet answered - how can shares be brought to the secondary market. At this stage, only one option is possible - the issue of derivatives.
Image courtesy of Cryptoconsulting
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