Amazing Blocks at the CAC 2020
Our goal at the conference will be to inform fellow pioneers attending about tokenization of legal entities, shares and assets in line with the Liechtenstein Token Act. Since we are a first mover in this space, it is crucial for us to share our obtained knowledge. In addition to this, we want to further strengthen our established relationships within our ecosystem. Hence we aim to continuously update our partners on the latest developments at Amazing Blocks. The platform of the CAC provides the perfect opportunity for achieving these goals and demonstrating transparency. Moreover, we will be present throughout the whole 3-day event with our own section to hand out informative gadgets we prepared for you and answer any questions regarding our solution. Feel free to approach us anytime, our colleagues attending will be more than happy to assist you!
The CAC brings together leading experts, thought leaders, founders and decision makers to jointly shape the future of blockchain, crypto assets and DLT. It is the conference’s goal to connect the traditional finance industry with technology experts from the world of blockchain and crypto assets. Therefore, the frequently declared best blockchain conference in Germany enables participants to discover the most recent developments in the rapidly changing blockchain space. The conference is in fact consisting of 3 single conferences within 3 days. Each day has more than 130 attendees enjoying the speeches, discussions, pitches and networking opportunities provided. The 3-day agenda is divided into the following subsections: Day 1 will be mainly about digital assets and securities, day 2 will be about crypto in general and custody, while day 3 addresses stablecoins and the digital Euro. One of the unique features of the CAC stems from its diverse attendance. Not only executives, IT specialists and founders participate, but also investors and representatives from public authorities. Furthermore, the innovative organizers decided to allow virtual attendance to stay ahead of the current Covid-19 crisis. This dual solution guarantees inclusion for everyone during the contemporary challenging times.
The CAC is sponsored by various prestigious organizations like Deutsche Börse Group, Commerzbank, Upvest, EY, Blocksize Capital and the german “Bankenverband” (consortium of german banks). Accredited speakers are scheduled to present their vast expertise regarding blockchain related topics. They include for instance Gustav Arentoft of MakerDAO, Dr. Martin Diehl of Deutsche Bundesbank, Thomas Nägele of NÄGELE Attorneys at Law, Dr. Harry Behrens of Daimler Mobility, Ramin Ghafari of Siemens, Dirk Siegel of Deloitte and many more. Our CEO Sofia Balogianni and CTO Raphael Hess are also going to provide their in depth knowledge regarding tokenization and the legal framework in the blockchain hub Liechtenstein. On day 1 of the conference they will collaboratively hold a keynote speech with insights on the latest developments at Amazing Blocks and tokenization in Liechtenstein. As conferences are the most effective way to promote a (newly founded) business, the Frankfurt School Blockchain Center has always made sure that substantial media coverage is guaranteed. In March’s edition famous news outlets such as Handelsblatt, ARD, Cointelegraph, CNN Money, BTC Echo and many others covered the conference. Figure 1 below briefly illustrates a few of the attending organizations.
Figure 1: A selection of attendees of the CAC.
Recent milestones of Amazing Blocks
Have you heard about our recent milestones at Amazing Blocks? If not then this part may be of interest to you. First of all, we successfully tokenized equity according to the Liechtenstein Token Act. With the first tokenized shares of a legal entity in Liechtenstein, history was written on September 21, 2020 when true equity tokens for registered shares were generated. This can also be inspected on the Ethereum mainnet. Amazing Blocks offers a software solution to support the tokenization of legal entities, shares and assets of any kind. Consequently, we leveraged the flexible Tokenpad software by generating true Amazing Blocks equity tokens. Trust from our clients is of the utmost importance to us, hence we only offer a product we fully believe in. The Tokenpad could also be applied to tokenizing other assets and rights of Liechtenstein legal entities (e.g. participation and ownership rights). However there is more! As some of the readers may have already heard, we are the first company ever founded in Liechtenstein without a bank account but instead with Ether as initial non-cash contribution. You can verify the whole story here.
To expand our ecosystem further, we established multiple partnerships with experts in their respective divisions (e.g. lawyers, custodians). Amazing Blocks is expanding its expertise in financial regulatory matters by for example partnering with NÄGELE Attorneys at Law, one of the key law firms in Liechtenstein. With an experienced network in place, we are committed in offering the best possible services regarding the tokenization process and subsequent administration. In order to deliver on this promise, we also joined the International Tokenization Standardization Association. Now we will be a part of standardizing the thus far rather fragmented “cryptosphere” which will further accelerate mainstream adoption. Last but not least, we attended last month’s European Blockchain Convention promoting Amazing Blocks on the international stage. More on this can be read here.
Some consider conferences as stressful, others like us at Amazing Blocks see them as an opportunity. Conferences can substantially affect the entire life cycle of companies and humans. A little anecdote from acclaimed Hollywood actress Natalie Portman can provide some insight: “My dad's a doctor, and when I was 8, I went to one of his medical conferences where they were demonstrating laser surgery on a chicken. I was so mad that a chicken had to die, I never ate meat again.” Sure, at the CAC no one suddenly becomes a vegetarian or in our case a tokenization enthusiast. However, we aspire to educate as many people as possible on the fastly approaching disruption of the financial sector through legally compliant tokenization. We consider our role in bridging the gap between the traditional world and the blockchain space. If you want to join us at this year’s CAC, order one of the last remaining tickets here. We look forward to seeing you around!
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Amazing Blocks offers a tokenization solution that enables its clients to tokenize various assets according to the Liechtenstein Token Act (software-as-a-service). The software covers both the issuance of tokens and investing in tokens. It suits the needs for tokenizing all kinds of assets (e.g. machines, cash flow generating contracts, trademarks, real estate, cars). Imagine that some asset should be tokenized. For this asset various tokens would make sense: Equity tokens, debt tokens, participation rights as tokens, ownership tokens, or any mixture of these tokens. The software of Amazing Blocks helps issuers to handle multiple assets and to issue multiple tokens for these assets. This is possible by integrating blockchain technology with the law (that is, the Liechtenstein Token Act). At the core, there is the "digital legal entity in Liechtenstein" based on “tokenized shares” which allows a very efficient foundation, a very efficient operation of the company and, thus, an efficient and flexible possibility to tokenize assets. This should now make a wide variety of tokenization projects possible, because the costs for tokenization are significantly reduced.
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