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The CMTA Standard For The Tokenization Of Shares For Swiss Corporations Is Now Implemented On Tezos
The CMTAT is developed by a working group of CMTA’s Technical Committee that includes members from Atpar, Bitcoin Suisse, Blockchain Innovation Group, Hypothekarbank Lenzburg, Lenz & Staehelin, Metaco, Mt Pelerin, SEBA, Swissquote, Sygnum, Taurus and the Tezos Foundation.
By: Lee Evans
28 February 2023
Disclaimer
Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.
The CMTA Standard For The Tokenization Of Shares Is Implemented On Tezos
Blockchain technology can be applied to decrease costs and speed up the processing time of certain processes. Basically cutting out the middle man by automating these processes.
Blockchain enables this by allowing cheap execution of these processes in a trustless manner through smart contracts. Even legal processes can be programmed this way.
An interesting use-case that makes use of this possibility, is the deployment of tokenized assets on the blockchain.
This means that the value of the asset is represented by tokens that are registered on a blockchain. These types of tokens are classified as a “Security”, which are assets that are strictly regulated.
For these types of tokens, all limitations that are necessary to comply with regulations are registered and enforced on the blockchain through sets of smart contracts.
This means for example, that anyone that wants to trade these types of tokenized assets will need to register and verify his or her identity.
Tokenizing makes issuing, trading, and fractionalizing securities easier, faster, and cheaper.
Especially as fractionalizing securities opens up a market that was traditionally reserved for big corporations and financial institutions, to the broader public.
Fractionalizing assets, means that an asset is sold in fractions per token instead of as a whole. The simplest example is real estate. You can now buy a 100 USD portion of real estate and earn a portion of rental income of that real estate.
Investors that own tokenized assets on regulated platforms like Equisafe and Elevated returns, receive revenue that is generated by the underlying assets.
Over one billion Euros in total asset value is currently managed through Tezos-based tokenized platform Equisafe.
Now, a token standard specifically designed for the Swiss market is available on Tezos: the CMTA tokens standard. This token standard is specifically designed for the tokenization of shares of Swiss corporations.
The CMTA stands for the Capital Markets and Technology Association in Switzerland and they are an independent association formed by leading actors from Switzerland’s financial, technological, and legal sectors to create common standards around issuing, distributing and trading securities in the form of tokens using the distributed ledger technology.
The CMTA help to industry standards to facilitate the use of blockchain in the capital markets industry.
You can find a full list of their members, here, which include giants such as UBS, UBP, Rothchild And Co and others.
“The CMTAT is an open standard from the Capital Markets and Technology Association (CMTA), and the product of collaborative work by leading organizations in the Swiss finance and technology ecosystem.
The CMTAT is developed by a working group of CMTA’s Technical Committee that includes members from Atpar, Bitcoin Suisse, Blockchain Innovation Group, Hypothekarbank Lenzburg, Lenz & Staehelin, Metaco, Mt Pelerin, SEBA, Swissquote, Sygnum, Taurus and Tezos Foundation.
The design and security of the CMTAT was supported by ABDK, a leading team in smart contract security.”
Disclaimer
Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.
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