Blocktrade has started with the listing process for security and utility tokens, which consists of two stages: The first stage is the assessment review and analysis, and the second stage is the listing itself.
We are following existing guidelines and laws in Europe, and we can, therefore, not list all cryptocurrencies, security tokens, and utility tokens. If a token was offered to supporters or investors improperly and conflicts with regulations, it cannot be listed on Blocktrade.
This structure is why we are doing the due diligence process in-house and do not rely on a legal opinion that is usually provided when listing on exchanges. This also means that we will charge a fee for the process of researching the asset.
Listing of security tokens
The pre-listing process for security tokens that will be available for trading after regulatory approval includes an assessment of compliance with the definition of financial instrument, a prospectus directive, and a fit-and-proper test on the issuer. Companies and projects that are planning or have already completed their STO can reach out to us to start the pre-listing process and, if approved, can be certain that there will be a trading venue for their security token.
The following documents must be submitted for a security token pre-listing:
- Issuer information or prospectus
- Articles of association
- Certificate of incorporation
- Investors facing documentation