A view on FRORIEP's Disruptive Technology Group
25. Januar 2018
2017 and the beginning of 2018 have been very active months for the new Practice Group. Among the very diverse mandates FRORIEP has been able to advise, we are proud to have been chosen to support the Japanese advisor on initial token offerings, Tech Bureau, on its own COMSA-token issue which was the second-largest ICO in Asia. Furthermore, we acted as legal advisor to the token of Sirin Labs which closed successfully in December 2018 as the third largest ITO globally.
In the coming days and weeks the Val:ID token of Swiss based Procivis AG will be on sale which focuses on the crucial questions of giving back individuals the control over their data as required by the European General Data Protection Regulation (GDPR) that comes into force in May 2018. This was a milestone case for Swiss ITOs as Procivis AG is one of the first companies to become a financial intermediary for the issuance of payment tokens. A further interesting project we advised on, has been the HERO token which will be offering its tokens for sale in the second half of February and which will be disrupting the Asian privately held lending market (pawnshops) by creating a crowd-lending platform for SME businesses in the Philippines and other Asian countries.
These few examples showcase the large range of use of the blockchain technology and the different types of tokens being structured by the Froriep team going from virtual currencies to participation rights and utility tokens with specific membership rights.
Any investment into tokens requires that the investor has undertaken an in-depth analysis of the issuer and the product and has taken an independent view on the suitability of the product for his or her purposes. ICOs mentioned on Froriep's website shall not qualify as investment advice and shall not be construed as an offer to purchase such products.