February 11th, the 2Tokens project organized a round table in a series of three. 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.
Token financing has the opportunity to change the world economy drastically. Security tokens will enable organisations to bring real-world assets online, and decentralised finance (DeFi) aims to replace all existing financial services by decentralised solutions.
One class of security tokens, asset-backed tokens, are connected to a tangible or intangible object that has economic value; it essentially digitalises an asset and records its associated information on a blockchain. Tokenising assets, including real estate, companies, art or digital assets, means lowering costs for issuers, but also improving transparency, efficiency and liquidity of real-world assets. Tokens offer us an opportunity to re-imagine our economy, but how to get there remains a challenge.
Therefore, the 2Tokens project organised a third round table to discuss what token financing is, how it will impact the economy, and what we need to do to make it a success. During this third and final round table on February 11, 2020, we took a deep dive into all aspects of token financing.
Token financing offers companies a variety of benefits, including the democratisation of value creation. Where companies in the past might have struggled to raise the funds for their venture, token financing offers lower entry barriers for (micro) investors, a wider market to raise funds and easier traceability of and communication with investors. Specialised tokenisation platforms, including Polymath, Stobox, Tokeny or Securitise, offer easy-to-use tools to develop the required smart contracts, deploy a security token, verify investors and raise funds.
Token financing simplifies raising funds across borders, opening up new markets, and with that, potentially new customers. It allows for more complex actors to be involved in a value chain. Fractionalisation of assets will enable redistribution of wealth as anyone with a smartphone, internet connection and some funds in a currency can participate in a raise. Although (new) investors participating in fundraising can originate from anywhere in the world, it becomes easier to comply with various regulations as value flow can be easily tracked. The impact of tokenisation on society will be enormous.
This Round Table will give in-depth knowledge on how you can bring real-world assets online. A security token issuance platform will be used to show how to structure the investment framework for applying blockchain technology to the process of tokenization.
An asset backed token is connected to a tangible or intangible object that has economic value; it essentially digitalizes an asset and records its associated information on a blockchain. Tokenizing assets means lowering costs for issuers, but also improving transparency, efficiency and liquidity of real-world assets. The experts in the room will use practical examples such as real estate and precious metals and other commodities.
The round table will be held in an interactive setting with stakeholders from the different industries and disciplines at each table. During the 3 hours all participants will collectively work on the WHY - WHAT and HOW tokenisation is important. There will be 6 tables each with a different bias on (token) finance and all with different dilemma's the individual teams will discuss.
Joining us for this round table will be thought leaders, innovation drivers, representatives from investments firms in the UK and NL, as well as the Dutch regulator AFM, the Dutch central bank DNB and Dutch Government officials.
Inspiration session speaker
Constantin Ketz is vice chairman of the International Token Standardization Association (ITSA) and partner at Cadeia Capital, a blockchain-based structured finance platform. Next to his work on token markets as research fellow at the Blockchain Center of the Frankfurt School of Finance & Management, Mr. Ketz also works as independent consultant for distributed ledger technology (DLT) solutions in financial markets and contributes to the development of a Digital Token Identifier (DTI) as member of ISO TC 68/SC 8/WG 3. He holds a B.Sc. in Econonomics from the University of Mannheim as well as a Master in European Public Affairs from Maastricht University and the European Institute of Public Administration (EIPA).
Marleen is co-founder and chief executive officer of NxChange and GoldRepublic. Previously she worked for Optiver, a leading market maker. As managing director she oversaw all US operations and over 150 option traders. Upon returning to the Netherlands, she discovered how complicated investing in precious metals was. Soon thereafter GoldRepublic was born. With Nxchange she introduced a revolutionary stock exchange based on token technology, fully regulated. She has won prizes with it, although she will not talk about herself. Her passion and drive are also being noticed by others.
Jelle heads Dusk Network's business side and has been responsible for their $8M seed round, becoming the first and only Dutch project to achieve a listing on the acclaimed Binance exchange, and is now spearheading an adoption roadmap making Dusk Network the technology of choice for financial institutions working issuing, trading, and managing securities. He is a former blockchain consultancy boutique co-founder servicing technological powerhouses, and was personally responsible for the creation of the blockchain team at Shell's Technical Innovation department.
14:00 | Walk-in with Coffee/tea
14:30 | Welcome & opening address - 2Tokens project overview
by Alex Bausch
14:45 | Inspiration session:
“Market Standards for the Global Token Economy”
by Constantin Ketz, Vice Chairman International Token Standardization Association (ITSA)
15:15 | Explanation & introduction of themes
15:30 | Round table session #1: "Why" discussion
16:10 | Inspiration session: Building Token Finance
by Jelle Poll, Co-Founder Dusk.Network
16:30 | Break: Coffee/tea
16:50 | Round table session #2: "What" discussion
17:30 | Round table session #3: "How" discussion
18:20 | Inspiration session: Tokenisation - a regulated alternative to raising capital
by Marleen Evertsz, NX'Change
19:00 | Dinner buffet
20:00 | End
This round table will be hosted by CMS.
The address is:
Atrium - Parnassusweg 737
1077 DG Amsterdam
Themes Round Table 3
Table #1 : Business models
Discussion leader Neil Smyth
How can companies using blockchain to offer services make money whilst providing superior value to users/companies?
Table #2 : Legal Frameworks & Responsibilities
Discussion leader Clair Wermers
How do we prevent insider trading with SMEs? What standards can a startup adhere to with regards to news cycles/reporting whilst they need to be working on their product?
Table #3 : Global token standards
Discussion leader Quintus Willemse
How can we get to a token reference framework so industry players can work towards market standardisation and agree on best practices? How do we align rules and regulations across the world?
Table #4 : Impact on society
Discussion leader Marleen Evertsz
What are the killer applications for tokenisation? How to get the implications and opportunities widely understood?
Table #5 : Go to market strategy
Discussion leader Jelle Pol
Currently, you often need existing players because of regulations, but they also tend to diminish the benefits/dilute the blockchain ideology. How can we attack incumbents whilst sticking to the rules?
Table #6 : Quality vs. Speed
Discussion leader Joris Geertman
Some jurisdictions are flying ahead with regulatory frameworks of arguably lower quality. Netherlands takes the stance of quality over speed, but what does quality look like?
Table #7 : Decentralised Finance
Discussion leader Joost van der Plas
What constitutes DeFI? What are applications that make sense. DeFi favors network effects, the true innovation is created by combining applications. How do we do that, and how do we raise awareness?
This round table is for
Board of advisors
Why this guide
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