The mega-trend of the “tokenisation of everything” inevitably leads to the possibility of tokenising a company’s fundraising. This can be done with regard to a specific project, i.e. the tokenisation of a project or asset financing. Alternatively, the tokenisation of a company’s financing can also be considered.
The granting of participation and property rights can be designed flexibly because a token can represent company shares, allow use, represent participation and property rights, or can be used as a means of payment. Why? Because a token is a digital unit that can stand on its own (then mostly as a means of payment), or the token represents whatever the issuer of the token promises as a right of the token holder. And in principle, this can be anything or any combination of everything.
In the concrete design of the token, one should look holistically at the decision-making situation:
There are usually no easy answers to this. But what is available are suddenly completely different financing options compared to classic equity financing. Especially via the possibility of listing on DeFi platforms as well as the use of (prospectus-free) usage tokens (utility tokens), which simultaneously fuel the business model. At the very least, this should be looked at for a moment before going down the classic financing route.
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