From November 2019 till February 2020, we hosted three round table sessions on tokenization. Each round table was well-visited and hosted a variety of guests coming from different business angles. The discussions were structured around 'why,' 'how,' and 'what.' The first round table discussed the 'Challenges & Opportunities' of tokenization. The second was about 'Purpose Driven Tokenisation'. And the third round table discussed 'Token Finance'. Find the summaries of these sessions below!
- Round Table #1 - Challenges & OpportunitiesIn this round table, held on the 6th of November 2019, more than 60 participants discussed the challenges and opportunities of tokenization. The participants were split up into six different groups, each having their subtopic to discuss.
Why do we need tokenization?
Although the six tables each has their different topic to discuss and perspectives, the reasons why we need tokenization were very much aligned:
- To provide new financing models
- Increase interchangeability, liquidity, and programmability
- And increase transparency, security, and compliance
What do we need to do to achieve tokenization?
The importance of tokenization was quite clear to all the participants. Tokenization is the future, and if the Netherlands would not adopt favorable regulations, it could become less competitive and lose out on promising startups who settle somewhere else. The next round in the discussions was to understand what the Netherlands needs to do to achieve tokenization. What are the requirements for the Dutch ecosystem to benefit from tokenization?
How to move forward with tokenization?
Understanding why we need tokenization and what we need to do to achieve tokenization are the first steps. Eventually, we need to have the proper infrastructure to move forward with tokenization. The third session was about the How and what we require to become successful with tokenization in The Netherlands.
- Round Table #3 - Token FinancingFebruary 11th, the 3rd round table on 'Token Financing' is held. The event took place in Amsterdam and was hosted by CMS. With over 80 attendees, including representatives from investments firms, as well as regulators, Government officials, and the Dutch Fintech ecosystem.
Why do we need token financing?
There are many reasons why we need token financing. One of the main reasons is that it offers companies a variety of benefits, including the democratization of value. Token financing simplifies raising funds across borders, opening up new markets, and, with that, potentially new customers.
What do we need to do to achieve token financing?
In order to make token finance mainstream, many applications need to become decentralized. Decentralized Finance (DeFi), is one of the core sectors that keeps itself busy with creating new protocols with a seamless UI/UX experience, improved interoperability, decentralized exchanges, and self-sovereign identity.
How to move forward with token financing?
Any industry confronted with disruptive technology faces the challenge of establishing a legal framework that sets the rules of the game to protect investors, consumers, and companies and get rid of bad actors. The same applies to the blockchain ecosystem. Therefore, we to create a robust regulatory system that embraces these forms of new technology.
