Liechtenstein is prominently involved in the EU crypto initiative
More and more business models are developing around tokenization. Several Liechtenstein financial players are among the founding members of a European initiative that wants to fully exploit that potential.
Asset tokenization is all the rage. More and more attractive use cases are emerging in this field. In addition, this technology can lead to a more efficient, transparent and accessible securities trading system. For example, it helps to make illiquid assets more tradable.
Europe-wide project
The “Tokenise Europe 2025” project has now been launched on the initiative of the European Commission and the German Banking Association, with the support of management consultancy Roland Berger and with the participation of more than 20 member organizations from France, Germany, Portugal, Italy, Liechtenstein, Sweden and Spain become.
The first interim result was a studies published, which presents the current situation, the need for action, the challenges and concrete solutions for Europe, like one media release can be taken from Thursday.
Liechtenstein financial players prominently represented
With the Office for Financial Innovation and Digitization (SFID), the Liechtenstein Bankers Association (LBV), the State Roads Office, VP Bank and the Blockchain Founders Group, the consortium includes several Liechtenstein players. For Liechtenstein, a member of the EEA, this initiative and the proactive cooperation in this area are of particular importance Banking Association in the Principality.
Among other things, the report underlines the need for concerted action in the areas of education, awareness-raising and communication in order to fully exploit the potential of tokenization in Europe.
Which sectors should investors focus on in 2023?
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banks
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insurances
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Pharma
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grocery store
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energy
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technology
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luxury industry