Streamline & Access Funding in Monaco
Welcome to this month’s edition of Tokeny Insights.
As you might have read, last month we were very pleased to announce our partnership with the Principality of Monaco. We have now set up a local subsidiary and will be hosted in the government incubator, MonacoTech.
To date, the security tokenization industry has suffered from one very noticeable problem – access to investors. There have been many projects announced but there has been a lack of activity on the buy side, specifically in the primary markets.
The partnership with the government means projects accepted onto the programme have the opportunity to streamline their capital formation and access high net-worth investors.
To qualify, the projects must meet certain requirements:
- Raising between €20-200 million in capital
- Setup a subsidiary in Monaco
- A mandatory Monaco visa is required
- Project must have a social or environmental focus
Being a small state, Monaco is able to act with speed and agility, something they have demonstrated through the recent passing of a dedicated STO law. They will look to onboard 5-10 projects in the first year and the first project raising capital will be from Oscar-Winning film maker, Luc Jacquet, who is financing his next production and related exhibition.
If you’re interested in finding out more then please do not hesitate to contact us. As always, please see the below for a roundup of the most notable news in the last month.