I n mid-April, the FMA approved the application submitted by the Liechtensteinbased start-up CROWDLITOKEN AG, thus creating the foundation for a new generation of digital financial investment products. The distribution authorisation for retail investors allows the company to distribute security tokens in the core countries of the European Economic Area (EEA). Investors domiciled in Liechtenstein, Germany, Austria, Italy, France, Belgium, Luxembourg, the Netherlands, Ireland and the United Kingdom will be the first beneficiaries of this new opportunity.
In a first phase, CROWDLITOKEN AG has already gained selected qualified investors to allocate funds to the bond offering. With the prospectus approval by FMA secured, the private sale can be completed within the next few weeks and the second public phase – the pre-public sale for retail customers – will begin in May. The ability to invest small amounts in selected European real estate (starting at CHF 100 or EUR equivalent), the easy tradability and the investment flexibility are key innovative features of this unique real estate investment product.
It shall soon be possible to also benefit from this offering in Switzerland – as a first step for qualified investors. The respective application is currently being considered by the Swiss Financial Market Supervisory Authority (FINMA). “The prospectus approval by FMA is an important milestone for us, setting many wheels in motion,” said a delighted Reto Fierz, Chairman of the Board at CROWDLITOKEN AG.