The Tokenisation of Rights group evaluates best practices how rights (including shareholder rights, payment rights, property rights) can be linked to tokens (and thereby, in certain cases, the economic value of an asset) under the various local European laws but also taking into account Liechtenstein and Switzerland. In this context the group will also assess if and how tokens can represent financial instruments, esp. transferable securities, as defined by MiFiD taking into consideration the various local interpretations/approaches, in particular how the various national supervisory authorities do understand the criterion “transferability” under MiFiD, what (if any) requirements have to be met for tokens to create transferable securities under local civil laws pursuant to the respective local supervisory authorities, and (to what extent) these requirements can be met under the respective local laws.
If you are interested in contributing, please do not hesitate to contact the group head Dr. Sebastian Keding.
Further members of the group: Niels Gade-Jacobsen, Jonathan Garcia, Dr. Christoph Gringel, Dr. Sven Hildebrandt, Thomas Kulnigg, Dilmun Leach, Dr. Ian Maywald, Thomas Nägele, Daniel Resas and Marcin Zarakowski.