FinTech, cryptocurrency and STO / FinTech, crypto-assets and tokenisation

Liechtenstein is one of the leading locations forFinTech, blockchain technology, crypto-assets, digital assets and tokenized financial services. With the Token and Crypto-Asset Service Providers Act (TVTG / Blockchain Act), Liechtenstein was one of the first countries in the world to establish a comprehensive legal framework for tokenization of assets, digital rights and blockchain-based business models. The legal enshrinement of tokenisation enables the legally secure representation and transfer of rights and assets by means of tokens and forms the basis for innovative business models in the field of digital assets. Building on this pioneering role, the legal framework is continuously evolving and is now supplemented by European regulatory frameworks (MiCAR / Markets in Crypto-Assets Regulation).

 

We advise national and international companies, financial service providers, issuers, investors and technology providers on the structuring, implementation and regulatory support of digital business models, as well as on all legal issues in the field of FinTech, crypto-assets and tokenisation. Our firm has many years of experience and is familiar with the requirements and procedures of all supervisory and approval processes in Liechtenstein.

 

Our key areas of expertise include in particular:

• Drafting, reviewing and supporting securities prospectuses, offering documents and Security Token Offerings (STOs)
• Structuring and executing digital tokenized offerings, digital capital market transactions and tokenized blockchain-based financing models
• Structuring and legal implementation of digital business models and innovative financing models
• Advice on crypto-assets, digital assets and blockchain technologies
• Comprehensive regulatory advice on Liechtenstein and European financial market regulations
• Support with registration, authorisation and licensing procedures
• Representation before the Liechtenstein Financial Market Authority (FMA)

 

Tokenised financial instruments and digital issuances

 

We assist issuers, financial intermediaries and investors with the legal structuring and implementation of digital financial market instruments. In doing so, we advise on tokenised financing and capital market transactions and support (crypto-) issuances as well as cross-border offering and distribution structures.

We possess extensive expertise in the preparation and review of all necessary capital markets law-compliant offering documents, in particular prospectuses compliant with European law, as well as in supporting approval and supervisory procedures. In doing so, we assist our clients with the legal classification of innovative financial products and the development of practical structures within the regulatory environment for digital assets.

 

Regulatory advice

 

The regulatory requirements for digital assets and financial services are constantly evolving. We support our clients in implementing new regulatory requirements, adapting existing business models and maintaining an ongoing dialogue with supervisory authorities.

Our advice combines in-depth expertise in financial market law, capital markets law, blockchain law and crypto law with a thorough understanding of digital assets and tokenised structures, thereby laying the foundation for the legal implementation of innovative business models within the Liechtenstein and European regulatory frameworks.