Tokeny, a leading Compliant Tokenization Platform has recently announced a partnership with DLA Piper, a global law firm with lawyers located in more than 40 countries. The aim of this Digital Securities Alliance (DSA) is to finally bridge the gap between the most advanced blockchain set of solutions and global securities regulations in order to create an ecosystem which will thrive from both tech and legal world.
Issuers will now have the opportunity to work with a system that has a proven track record and consists of leading players in the blockchain and legal industries. The joint offer will provide issuers a competitive proposal for the full documentation and compliant workflows for their country of issuance and further, up to ten countries of distribution. the offer will have full full end-to-end technology solutions needed for a Digital Security Offering in the jurisdiction.
DLA Piper is one of the largest business law firms in the world. The firm has offices throughout the Americas, Europe, the Middle East, Africa and Asia Pacific. Notably, they represent more clients in a broader range of geographies and practice disciplines than virtually any other law firm in the world.
Previously, in late March 2019, Tokeny launched investorID in Europe, a market-driven decentralized application that allows investors to generate their on-chain identity in order to access and trade compliant tokenized securities.
Luc Falempin, Tokeny CEO stated “By establishing this unique relationship with one of the world’s leading law firms, we are creating the right infrastructure and opening up a tremendous opportunity for institutional involvement. Institutions can finally invest in digital assets knowing the offering has respected the necessary regulations. The Digital Securities Alliance resembles a best of both worlds approach, as it is one thing to know what laws to respect but it’s another actually enforcing those rules on the blockchain.”
DLA Piper’s nternational Co-Head of the Blockchain and Digital Assets practice, Martin Bartlam,commented ““Technology is now providing tremendous opportunities for law firms to improve the way we offer professional services to clients. Working with a technology provider to structure a compliant legal offering is a great way to open up capital markets and enable businesses to access capital in a low cost and efficient way.”