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120+projects consulted
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600M$raised
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5+years on the market
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150+partner VCs network
Why Switzerland
Switzerland has established itself as home to the Crypto Valley, a location for emerging startups dealing with digital currency and global blockchains. The location is one of the top options for this type of companies due to its favorable technological, economic and political environment.
One of the advantages of Switzerland is its flexible regulations and political system that allows for new and innovative projects. This attribute entices foreign entrepreneurs looking for investment opportunities in the state. Furthermore, the government boosts innovative endeavours in the state by creating research institutes with a mandate of supporting ground-breaking projects, especially in the cryptocurrency field. It also helps that Switzerland is the home of top research institutes that provide resources and support for entrepreneurial projects in the digital currency field.
After careful consideration, Zug emerged as a perfect location for such business ventures, owed by its tax-friendly system and accessibility to important research and business hubs in the area. The ability of the state to nurture small upcoming businesses and its easy adaptation to modern business models has attracted skilled workers and entrepreneurs from all around the globe.
Security tokens under Swiss financial market law
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Regulatory classification
Instead of “security token”, the Swiss regulator FINMA uses the term "asset token”. Such tokens represent assets like debt or equity claims on the issuer, and promise, e.g. a share in future company earnings or future capital flows. In terms of their economic function, they are thus analogous to equities, bonds or derivatives.
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Application of prospectus requirements
The Swiss Financial Services Act (FinSA) has introduced a general duty to publish a prospectus for securities. However, there are numerous exemption provisions, e.g. for offerings to (i) professional investors, (ii) less than 500 investors, (iii) investors that invest more than CHF 100’000, or (iv) which are limited to total amount of CHF 8 Mio calculated over 12 months.
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KYC/AML requirements
According to FINMA, issuers of asset tokens do generally not fall under the Swiss AML regulation. However, this must be assessed on a case-by-case basis.
Key Advantages of STO in Switzerland
Switzerland is one of the most advanced countries in the world in terms of DLT adaption and is an international hub for innovative companies comprising a wide network and profound expertise.
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Full automation
Automated processes, such as fully automated execution of corporate actions (e.g. dividends or interest payments) or approval processes from existing investors
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Global investor reach
Digitized shares can be easily transferred globally 24/7 and location-independent with a simple investor onboarding, allowing investor outreach beyond established networks
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Enforceable rights
Token holders act as shareholders with enforceable rights, incl. dividend and voting rights
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Opening of market access and opportunities
Lower entry barriers to capital markets and access to new investment opportunities with options for smaller ticket size as well as portfolio diversification (incl. previously hardly investable assets)
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Fast incorporation
The whole procedure is accelerated by digitization of the processes as well as lighter regulatory requirements (FINMA no-action letter or tax ruling not required)
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Optimized corporate housekeeping
Digital corporate housekeeping including real-time token holder/ shareholder registry for optimizing the investor communication
Our Legal Services
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Incorporation Package
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Incorporation of a company limited by shares in Crypto or Fiat. The mininum share capital is CHF 100K, of which at least CHF 50K must be paid in at the time of incorporation
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Providing the nominee director to comply with the legal requirements that at least one director must be a Swiss resident
- Bank account opening
- Simple Agreement for Future Tokens (SAFT) (Optional: 15,000 USD)
from $25,000 -
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Prospectus (Private Placement Memorandum)
- Development of Private Placement Memorandum (PPM or Prospectus)
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Description of the business, including principal product/services and their markets, distribution methods, growth strategy, competition, employees, and property
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Management (executives), including executive compensation and securities owned by owners and management
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Legal proceedings (pending or current lawsuits the company is involved in)
from $35,000 -
Legal opinion (token classification)
It is important to prepare a legal opinion on the nature of the token with the legal opinion exploring the concept and function of the token. This legal opinion is prepared to confirm or deny the classification of a token as a security. Cryptocurrency exchanges require such legal opinion security or non-security in order not to be subject to the laws applicable to classic exchanges that trade in securities.
from $15,000
Incorporation Package
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Incorporation of a company limited by shares in Crypto or Fiat. The mininum share capital is CHF 100K, of which at least CHF 50K must be paid in at the time of incorporation
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Providing the nominee director to comply with the legal requirements that at least one director must be a Swiss resident
- Bank account opening
- Simple Agreement for Future Tokens (SAFT) (Optional: 15,000 USD)
Prospectus (Private Placement Memorandum)
- Development of Private Placement Memorandum (PPM or Prospectus)
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Description of the business, including principal product/services and their markets, distribution methods, growth strategy, competition, employees, and property
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Management (executives), including executive compensation and securities owned by owners and management
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Legal proceedings (pending or current lawsuits the company is involved in)
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Dilution (possible reduction in earnings per share and proportional ownership)
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Risk factors
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Conditions and disclaimers
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Use of proceeds, Dividend policy
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Description of capital stock
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Restrictions on investors (resale or transfer)
Legal opinion (token classification)
The Legal opinion answers the following questions:
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Whether the token will meet the definition of a security or a derivative of a security in accordance with applicable law?
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Will the tokensale be subject to collective investment scheme legislation in accordance with applicable law?
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Will it be considered that the token complies with the definition of a security in accordance with the laws of the jurisdiction when the ICO is structured?
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Does the specific technology legislation of the distributed registry apply to the sale of tokens in the jurisdiction of structuring ICO?
Selected cases
We are highly selective with the projects we work with because PToken always delivers the best at all times. We understand that the success of your project is also our success.
Our core team & advisors
Ptoken is a very fast expanding company which has grown from a small company of 10 people to more than 50 in 20+ different countries and cities. We have branches in Europe and Australasia. Plus we have very extending network of investors, advisors and legal partners
Victor Larionov
Artur Boytsov
Ilya Gurarie
Baris Arslan
Oksana Walker
Renat Gubaev
Kevin Ahn
PToken group offices
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London
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Seoul
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Dubai
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Zurich/Zug
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Melbourne
Get
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Contact us to get your first consultation
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