Premiere, Blucc Labs Ltd — established using CryptoFranc (XCHF)
Zug, Switzerland — 25th of June 2019
Blucc Labs Ltd, a start-up focussing on the digitalization of assets within a lab environment, was recently established in Zug using the digital Swiss Franc (XCHF) for contribution of the company’s share capital.
The 3 founding partners transferred each one third of the required capital (XCHF 33’334.00) into the Blucc Labs smart-contract using the Token Factory solution and their respective (hardware) wallet. The company than filled for registration with the company register in Zug including the proof of capital contribution (in kind) pointing to the smart-contract holding the total sum of XCHF 100’002.00.
Once the company was entered into the register, the XCHF funds were transferred to the company’s decentralized multi-sig wallet using Multis. In addition the BLUCCLABS Tokens, representing the 10 Mio nominal shares, were distributed to the 3 founding partners.
Blucc Labs is in the process of tokenizing assets and will soon announce further details and results which should serve as a template for future public products and services.
About Blucc Labs
Blucc Labs is a laboratory where assets can be digitized in a controlled environment amongst the founding partners. The learnings and hands-on experiences will be used for future products and services.
About Token Factory
Token Factory is a blockchain-powered startup on the verge of becoming the go-to provider for asset tokenization. With its fully regulatory compliant tokenization solution enabling fractional investment and ownership, all assets are officially and legally represented as security tokens on the public Ethereum blockchain. Token Factory partners with financial institutions and other organizations worldwide to enable and grow a cross-border market.