Today’s podcast is about Thomas Naegele’s assessment of EU law, and Liechtenstein law in particular, with respect to security tokens and their (in)ability to be traded on regulated trading venues. Warning: my pdf of the post clocks in at 67 pages plus 40 pages of references.
Before we start: this is not a financial promotion, I am in no way related to this token offering, and I have no views whatsoever of whether or not this token is a good investment. With this out of the way, I am excited that there is another major security token offering coming out of Germany, a $50m subordinated debt token for investing into green shipping assets.
The article announcing this is so far only available in German , but there is a lot of information on the sponsor’s page  and the subscription page . The prospectus has been approved by the FMA Liechtenstein .