As Equilibrium Group continually pushes the boundaries of Web 3.0 technologies, we are proud to announce our selection to the first cohort of 20 companies being part of the European Blockchain Regulatory Sandbox program.
The Sandbox program is an initiative of the European Commission, which establishes a pan-European framework for regulatory dialogues to increase legal certainty for innovative blockchain technology solutions.
During the course of the program, we will be bringing forth to European regulators our aim of tokenizing real world assets and putting them onto blockchains in a legally compliant way. While this goal is relatively easy to state, it is less easy to make it a reality due to myriad legal uncertainties, to which there are no clear answers yet.
Through our subsidiary Membrane Finance, we have already successfully tokenized the euro fiat currency by creating a fully regulated e-money version of it called EUROe. EUROe is real money on the blockchain and can be used for any payment on various blockchain networks.
By taking this crucial first step, we are now poised to start looking into the tokenization of further real world assets such as shares of unlisted companies, which would allow companies to use DLT-based technologies to e.g. maintain their share registries. Furthermore, we will explore the tokenization of other real world assets and the creation of a DLT-based regulated marketplace.
Because the regulatory framework regarding this kind of tokenization is unclear and there are not many precedents, we are extremely happy to be able to discuss our vision and raise our questions with various European regulators. We hope that this kind of dialogue will bring clarity to all involved and thus further the bigger goal of bringing forth a truly digital European economy.
