Smartlands is pleased to announce that the legal framework for the alternative investment project is finalized and ready for launch
London, UK, March 04, 2021: Smartlands announces the legal milestone accomplished.
The legal structure prepared by our Partner, Quantum Attorneys, will enable our Ukrainian subsidiary to tokenize property in Ukraine and offer its fractional ownership to potential investors within and outside of the country.
To set the legal framework, we explored the tokenization of real estate from several perspectives, encompassing the regulatory landscape of Ukraine, the introduction of the Law of Ukraine “On Virtual Assets” and NSSMC (The National Securities and Stock Market Commission of Ukraine) licensing, financial institution relations, as well as real estate and business regulations.
“The legal side is a stumbling block for many crypto projects. We passed this test previously in the UK, and now our Ukrainian office with Quantum Attorneys has developed a stable structure for a successful launch in Ukraine that also allows a smooth expansion of the project.” — said Ilia Obraztcov, CEO of Smartlands Platform Ltd.
Quantum Attorneys is a full-service law firm based in Kyiv, which advises corporate clients, international businesses, financial institutions, investment funds, start-ups, private clients, and government bodies.
Smartlands is a digital investments platform with a proven use case for tokenizing shares in real assets. Having its mission of tokenizing the real economy and bringing all its benefits to a broad audience, Smartlands develops alternative investments instrument offering for sale Initial Coin Offerings in asset-backed structures. The SLT is a cryptocurrency of the Smartlands ecosystem. It is limited to a maximum of 7.1mn tokens and runs on the Stellar open-source network.
The Smartlands team will be providing more information on the project shortly.