Premiere, Blucc Labs Ltd — established using CryptoFranc (XCHF)

Token Factory
Jul 8, 2019 · 2 min read

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.

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Extract out of the company register (source)

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

About Token Factory

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Token Factory®

Blockchain Solutions for Finance and Commerce.

Token Factory

Written by

Token Factory®

Blockchain Solutions for Finance and Commerce. Token Factory, your Blockchain consultant & technology provider for asset digitalization: security token management, investor (whitelist) management and trading with liquidity.

Token Factory

Written by

Token Factory®

Blockchain Solutions for Finance and Commerce. Token Factory, your Blockchain consultant & technology provider for asset digitalization: security token management, investor (whitelist) management and trading with liquidity.

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