The association’s Asset Tokenization Paper defines best practice for the tokenization of assets in the Swiss blockchain ecosystem
The Crypto Valley Association (CVA), a leading global blockchain and cryptographic technology ecosystem, will release its Asset Tokenization Paper at the inaugural launch event for its Western Chapter today. The paper, which defines the tokenization process for Swiss companies, also addresses legal and technical questions relating to asset tokenization, and provides guidance to those engaging with security tokens.
Dr. Mattia Rattaggi, board member & Regulatory Policy WG Liaison, said, “The CVA is extremely pleased to offer the Crypto Valley community this unique Asset Tokenization Paper, written by practitioners, for practitioners. We believe this paper will provide a useful guide to entrepreneurs seeking to carry out Security Token Offerings or trade security tokens in Switzerland, and will assist them in addressing questions from a legal and technological standpoint. This marks an important stepping stone for us as we work together to cement the Crypto Valley as an industry-leading ecosystem.”
The 52-page paper was led by Florian Ducommun, Chair of Asset Tokenization Task Force, and authored by a task force of attorneys, compliance specialists, and technology experts, from organizations including HDC, PwC, MME, SEBA, and Lykke. The group collaborated to produce a document which would increase understanding of the legal, regulatory and technical environment and ensure compliance with market standards using streamlined processes, with the overall aim of shaping a strong framework for blockchain technology in Switzerland.
The launch event for the CVA’s Western Chapter, at which the paper will be presented later today, will take place at the EPFL Swiss Federal Institute of Technology in Lausanne, located in the centre of Western Switzerland. The event will explore the topics of crypto finance, digital assets, and blockchain education, and will play host to representatives from PwC Switzerland, Kraken, SEBA Bank, University of Geneva, Swissquote, and more.
Commenting on the event, Jérôme Bailly, Chair of the CVA Western Chapter, said, “Today’s launch of our Western Chapter marks a milestone in the continued maturation of the CVA and of the Swiss blockchain ecosystem. We are bridging the development gap taking place across Switzerland and expanding the reach of the CVA and its resources. As we look to reinforce Switzerland’s position as a leading crypto nation, the new Western Chapter of the association will play a vital role. The unveiling of the Asset Tokenization Paper cements this significant event and drives the CVA closer to its mission.”
This follows the recent announcement of a strategic partnership between CVA and Zürich Tourism, which aims to develop and promote emerging technologies in the city of Zürich and surrounding region.