Lichtenstein August 2021. Amazing Blocks and Plato today announced a broad partnership across each company’s respective ecosystems. Plato employs a new methodology to present a dynamic view of today’s most innovative technology sectors in 23+ languages. This partnership adds another substantial extension to our network and is a further step towards providing our customers with the best possible all-round package when it comes to driving the tokenization of assets on the blockchain.
Goals and opportunities The cooperation enables cross community integration across each companies respective ecosystems. Amazing Blocks and Plato are joining efforts to provide the best infrastructure to thrive in the new era of digital finance and digitized capital markets. In the future, assets of all kinds will be issued tokenized and represented on a blockchain. Together we are building the infrastructure to make the vision of a token economy a reality. This partnership will enable customers of both companies to enter the market more conveniently while enjoying absolute legal certainty. The concept of a complete solution that is both simple and efficient is the goal, and together we are once again a big step closer to achieving it.
About Plato
Plato (https://platoblockchain.com) is an ultra-secure and ad-free environment. Since the launch of the beta in April 2020, Plato has already reached over 4M users. Having a global user network, Plato is accessible across 23+ languages while covering realtime data intelligence across 25 of today’s most innovative market sectors like Blockchain, Fintech, Ai and Venture Capital.
Plato employs the latest in machine learning to provide deep sector-relevant data through vetted and consensus-driven sources. Its proprietary hash-tagging engine is at the core of a consensus-driven search experience that eliminates the need to go to multiple sites and applications. Plato identifies and organizes both public and private data sources that makes accessing this information faster and more efficient. By layering information with highly contextual and validated data sets, Plato creates an authentic and value-driven user experience.
Consistently growing the network and constantly improving the service, Plato teamed up with Butterfly Protocol In July 2021 to create PlatoW3, Inc. – W3 Protocol & Blockchain Registry. From now on, W3 Domains will be offered exclusively through Plato to seamlessly interact with the secured data Plato generates. Additionally, Plato will offer integrated packages that include data access, dApp hosting, decentralized web-spaces and mesh networks.
About Amazing Blocks
Amazing Blocks (https://amazingblocks.io) is a Liechtenstein-based legal tech startup that enables the creation and management of equity tokens. Leveraging the Liechtenstein Token Act, almost any asset or company can be tokenized. This includes real estate, cars, machines, and even fine art. Flexible tokens (e.g., equity tokens or debt tokens or participation rights as tokens) represent legal rights and are treated as a security according to the Liechtenstein Token Act. Liechtenstein Law permits the foundation of entities with initial contributions in cryptocurrencies like Ethereum. This makes the necessity for a bank account obsolete and enables great flexibility in the foundation process. Logically, Amazing Blocks was founded with an initial contribution in Ethereum and became the first company with completely tokenized equity. Like any other equity tokenization, it can be observed on Etherscan and grants great transparency. This showed the immense innovation potential in legal tech and established Amazing Blocks as pioneers, merging law and tech.
Tokenization will inherit a key role in the future of Web 3.0 with billions of dollars expected to be invested in this space by 2027 according to multiple reports. Amazing Blocks supports with its IT solutions the legally compliant tokenization of equity and asset ownership in line with the Liechtenstein Token Act.
Amazing Blocks was founded in 2020 in Liechtenstein without a bank account, but with Ethereum as an initial contribution. Amazing Blocks developed a solution with which technology and the law (i.e., Liechtenstein Token Act) are seamlessly integrated. It is the perfect solution for tokenization projects (e.g., real estate, cars, machines): To be precise, this means flexible tokens (e.g., equity tokens or debt tokens or participation rights as tokens) in accordance with the Liechtenstein Token Act – which from a foreign point of view then represent, e.g., a normal (un-traded) security. We were the first to tokenize real equity of an AG in Liechtenstein leveraging our own solution, resulting in 600 Amazing Blocks tokens. They have been assigned with an ITIN by ITSA and can be seen on Etherscan here. These tokens effectively prove that the Liechtenstein model seamlessly merges tech and law. In the future, we will not only support our clients in tokenizing assets but also work with our entire network to create a true token economy.
All in all, the “digital AG in Liechtenstein” allows a very efficient foundation and operation of a company in Liechtenstein and thus above all an efficient and flexible tokenization. This should now make a wide variety of tokenization projects possible because the costs for tokenization are reduced to a minimum. Furthermore, equity tokens in line with the Liechtenstein Token Act can be for instance locked in DeFi protocols as collateral. This will provide much needed real-world use cases and liquidity and enables illiquid assets like real estate to participate in these innovative protocols.
Amazing Blocks assists clients in all questions connected to the topic of equity tokenization and has a large network of partners familiar with the legal situation in Liechtenstein. The result is equity management with the full advantages of tokenization and the legal security of a conventional company structure.
Press Contacts:
Plato: zephyr@platodata.io
Amazing Blocks: hi@amazingblocks.io
Source: Plato Data intelligence