Euronext invests in Tokeny Solutions, the compliant tokenization platform
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EURONEXT INVESTS IN TOKENY SOLUTIONS, THE COMPLIANT TOKENIZATION PLATFORM
Amsterdam, Brussels, Dublin, Lisbon, London, Oslo and Paris – Luxembourg – 1 July 2019 – Euronext, the leading pan-European exchange in the Eurozone, announced today that it has subscribed the entire €5 million capital increase of Tokeny Solutions, resulting in a 23.5% stake and strong governance representation.
Launched in 2017, Tokeny Solutions provides all private markets securities issuers, from mid-cap companies and asset management companies to advisors like investment banks, with modular and user-friendly end-to-end solutions to issue, manage and transfer tokenized securities on public blockchain. Tokeny Solutions’ unique T-REX protocol1 integrates compliance obligations into the digital asset smart contract, to create tokens compliant by design.
Tokenization2 allows institutions to digitize financial assets, such as equities, debt-like instruments, funds and streamline administration to provide clients a digital-first service. Tokeny Solutions’ end-to-end platform enables the issuance and the management of tokenized securities throughout their lifecycle.
This investment complements Euronext’s position in the nascent digital asset industry, combining Tokeny Solutions’ token management expertise with LiquidShare’s post-trade solutions.
Selected as 2019 Startup of the Year at KPMG’s FinTech Awards Luxembourg, Tokeny Solutions will allow Euronext to onboard a renowned team in the digital asset industry, and broaden its client base towards private companies and investment firms.
Convinced of the long term impact of tokenization on the financial industry, Euronext is committed to developing solutions that continue to serve its clients and ecosystem going forward.
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Euronext is the leading pan-European exchange in the Eurozone, covering Belgium, France, Ireland, The Netherlands, Portugal and the UK. The Norwegian stock exchange and its clearing & settlement subsidiary, together operating as Oslo Børs VPS, joined Euronext on 17 June 2019. With 1,300 listed issuers worth €3.5 trillion in market capitalisation as of end March 2019, Euronext is an unmatched blue chip franchise that has 24 issuers in the Morningstar® Eurozone 50 Index℠ and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, Euronext also operates Euronext GrowthTM and Euronext AccessTM, simplifying access to listing for SMEs.
About Tokeny Solutions
Tokeny Solutions enables mid-cap companies, investment banks, funds, asset managers and distributors to dematerialize assets on the blockchain, allowing them to reach a global audience, enforce compliance obligations, enable automation and increase operational efficiency.
The Luxembourg-based FinTech company is the market-leader in delivering an institutional grade, modular end-to-end platform, allowing for the issuance, transfer and servicing management of tradable digital assets/security tokens, such as tokenized loans, structured notes, equity and funds. Tokeny Solutions has issued multiple tokenized offerings across five continents with further security offerings imminent.
This press release is for information purposes only and is not a recommendation to engage in investment activities. This press release is provided “as is” without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext.
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1 The T-REX protocol white paper is available at: https://tokeny.com/wp-content/uploads/2018/12/t-rex-whitepaper.pdf
2 Tokenization is the process of converting rights of an asset into a token that can be subdivided, traded and stored on a blockchain system. Tokenization simply converts the value of an asset, tangible or intangible, into a token that can be manipulated on a blockchain.