STO in Switzerland: With the stock machine Security Token buy

the Three Swiss companies have joined together to make the purchase of shares in the future easier. To Alethena, Ledgy and Lexr have set out to design the "stock slot". A Browser Wallet users should be able to share with crypto-currencies to buy.

By Phillip Horch
On 7. March 2019BTC$3,878 thousand,62 0.07% part Facebook Twitter LinkedIn xing mail

The "stock slot" to make it possible to buy shares directly from companies, without having to specifically register. What is the Swiss FinTech company Alethena presented in cooperation with the Zurich Start-up Ledgy and the provider of Legal services Lexr as a "stock machine", can be thought of as an Intermediary between investors and stock companies via Blockchain technology. The transactions of the stock-in machines are settled on the Ethereum Blockchain and documented. The stock machine is used as a Frontend for the users. MetaMask builds the bridge between the Frontend and the Blockchain.

MetaMask making shopping easier

to be able to share in the future, buy online, users must first create the Browser extension MetaMask. Thus, you can connect to through the majority of browsers in contact with the Blockchain of the stock machines. The Alethena Share Dispenser, it should be about MetaMask possible to buy any stock with the Stable Coin crypto-francs. All of this comes from a press release, the BTC-ECHO. Currently the selection is limited to the in-house Token, on the official website you can buy so tokenized shares of Equility AG – so Alethena.

The Share Dispenser is intended to serve initially as a Proof-of-Concept, before it goes in the direction of the masses, so Hartmann, to BTC-ECHO. It is a Minimal Version that should be improved. Furthermore, you decided to go for a Stable Coin, as the classic crypto-currencies such as Bitcoin, Ethereum, Ripple & co. because of their volatility, in the interest of the customers. However, to exclude the compatibility with ERC20-Token not in principle.

Security Token through the web browser

buy The (now paid) share capital of Alethena is already tokenized completely by means of the Blockchain and thus publicly available. Names and addresses should be kept separately. So it is said in the press release that the personal data "for the purpose of data protection in a traditional shareholder register with a Partner Ledgy.com led, have to enter into the shareholders, if they want to assert their rights." For the short-term buying and selling however, this is not necessary.

Read also: BaFin, Germany's first Security Token Offering (STO)

approved if you want to buy so as a newbie, about the stock machines Security Token of Alethena, you must follow the following steps:

MetaMask install Ethereum address to generate crypto-francs Fiat money to acquire security tokens with crypto-CHF buy at Ledgy.com personal data

Now the question: On which company you buy your shares? According to Alethena is "a Blockchain applications, and the digitization of the specialized Swiss FinTech company that offers technological solutions in the area of the tokenization of shares of the Company, as well as their ability to trade". Furthermore, Alethena sees itself as the first Swiss STO - and Blockchain-Asset-Rating Agency and Due diligence Service Provider.

Ultimately wants to give Alethena with the Share Dispenser customers the possibility of using a Blockchain to operate, without necessarily having to be the necessary Know-how, Hartmann finally, compared to BTC-ECHO.

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