Hi Pascal,

you say that tokens representing shares are freely transferable and this is contemplated in the company´s Bylaws. However, assuming that Swiss Law is not substantially different from that of other civil law countries — where the company cannot waive statutory formal requirements such as the Notary endorsing the share transfer or the registration in the Company´s registry — this means that you still need the token/share transfer to be reported in the Company´s Registry (which you acknowledge) and therefore the identity of the shareholders also need to be ascertained (therefore a Notary will be needed unless the Swiss Company Registry expressly endorses other procedures).

So where is the benefit of this “tokenization”, if you have to transfer a token the same way you transfer paper shares? For more on the problems with real assets tokenization issues see here


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