VILNIUS, Lithuania–(BUSINESS WIRE)–June 25, 2018–
The volatile nature of the cryptocurrency market is the largest threat that keeps a majority of investors away from the industry, and many businesses from wide adoption of blockchain. The Smartlands Platform solves this challenge by creating the necessary legal framework to enforce assets tokenization in full compliance with the law.
Smartlands is going to employ a crowdfunding platform license to create a solid foundation for the future of assets tokenization within the platform. In order to be fully compliant with the law, the company plans further expansion by launching a new office in Vilnius.
Asset-backed tokens issued on Smartlands, under crowdfunding platform license, will be sold as securities. The tokens will combine the advantages of blockchain technology and classical investment instruments. They will be in compliance with the legislation of the European Union, provide greater protection for investors, and will be a secure tool to attract investments for companies, whilst providing flexibility to a crowdfunding framework.
How Smartlands Can Ensure Stability for the Cryptocurrency-Based Economy
We have carefully chosen Lithuania, because it is one of the few countries with very clear and concise legislation governing crowdfunding, cryptocurrencies, and related institutions. The development of the cryptocurrency market in the country is welcomed by the authorities, while Lithuania is part of the EU so tokens issued in compliance with its legislation gains the full access to the EU, EEA, and other markets.
Next Steps in the Smartlands Platform Expansion
Following this expansion, we have our eyes set on the United Kingdom. The UK is a primary location in our growth roadmap, and we plan to acquire a similar license there, as we are doing in Lithuania.
The UK is a hotbed of FinTech developments, large potential investors, and international investment opportunities. Many of the UK-based real estate assets are potential targets for tokenization, so further expanding into the UK opens up to more opportunities for efficient investments, capital growth and asset synergy to Smartlands.
Smartlands is a worldwide Platform for tokenization of real economy. Smartlands is built on the Stellar network and employs advanced blockchain technology with fast, secure transactions and extended capabilities.
Smartlands on CoinMarketCap: coinmarketcap.com/currencies/smartlands
Victor Yermak (Business Development Director)
Smartlands Platform Foundation Company
+359 895046445 (telegram)