The Blockchain industry is in its infancy. Comparable to the Internet in 1993, when there were not even text-based web pages. Research from institutions like the World Economic Forum (WEF), Deloitte or McKinsey project that up to 10% of the global Gross Domestic Product (GDP) will be stored and transacted with the help of blockchain technology by 2025 -2027.
bitcci is one of the pioneers in that new era. We develop a new global ecosystem for the next generation sex industry and will use blockchain technology as the strong and secure foundation. One major part of what we do is the Tokenisation of assets.
The Tokenisted Assets (Securities) are issued on a blockchain, like the Ethereum Blockchain.
A Security is an investment product, such as stocks, bonds, funds, etc. and the tokenisation converts the rights to this asset into a digital ‘Token’.
Instead of a “physical” document, the digital token “certifies” the respective ownership of the asset.
Benefits of Tokenisation:
The transfer of an ownership takes place instantly and does not take days anymore.
No financial intermediaries needed.
(e.g. No need for a central securities depository anymore.)
Tokens can be changed or sold quickly, easily and almost free of charge.
(e.g. with a wallet on the smartphone)
The Fractional ownership of an asset possible.
Like traditional securities, tokenized securities must comply with the general securities regulations.
Because of this – a tokenized security has the same rights and safety level for token holders like traditional securities.
Why Liechtenstein ?
Liechtenstein is the first country in the world to have a holistic regulation for the Token Economy in place. Since January 2020 the new blockchain laws, the so called Blockchain Act or officially known as the Token and Trusted Technology Service Provider Act (TVTG), are in full force.
Mr. Adrian Hasler – the Prime Minister of Liechtenstein said: “With the Blockchain Laws, an essential element of the government’s financial market strategy will be implemented and Liechtenstein will be positioned as an innovative and legally secure location for providers in the token economy.”
This is the reason why more and more Blockchain companies, like Fintech-Companies, IT Providers, Exchanges, Compliance Companies, Consulting Firms, Lawyers, open offices start their businesses in Liechtentein.
And so we are.