Smartlands Platform, a global security token issuance platform for real estate assets, agriculture assets and assets in other sectors, has partnered with CMS, a global law firm, to navigate the regulatory requirements of the SEC (Securities and Exchange Commission), FINRA (Financial Industry Regulatory Authority), ECB (European Central Bank) and FCA (Financial Conduct Authority).
Smartlands, based on the Stellar network, is developing a fully compliant platform that adheres to strict KYC and AML rules and regulations.
According to Sam Robinson, a partner at CMS,
“We at CMS strongly believe that security tokens are set to revolutionize commerce in the digital space, but we do also recognize the legal challenges that lie ahead, with global compliance being at the top of the list. In Smartlands Platform, we saw a company with a unique technical expertise to create an investment platform that utilizes the security token technology in compliance with the regulatory obligations.”
Smartlands is focused on expanding tokenized assets along with an increasing number of players striving to make every asset in the world – from artwork to jewelry to stocks to commercial real estate and homes – valued and tradable on secure blockchains.
Tokenized securities, unlike cryptocurrencies, appeal to both traditionalists and blockchain entrepreneurs.
While decentralized cryptocurrencies have the ability to create a parallel economy that functions outside of the banking system, tokenized securities can be integrated into the existing financial landscape, allowing investment bankers, institutional investors and hedge fund managers to transfer value more efficiently and transparently through digitized assets. Rather than challenging the entire status quo, tokenized securities are set to enhance it.
Says Smartlands Platform CEO Arnoldas Nauseda,
“For the Smartlands Platform to reach its projected goals and successfully trade tokenized assets on the Stellar network requires a comprehensive legal expertise that leaves absolutely no room for interpretation. We’ve been working tirelessly on establishing a legal framework for our future tokenization projects and CMS is going to be immensely helpful in expediting that goal. In this day and age when trading security tokens is still a grey area in many crucial respects, this type of ironclad advice must come only from a reputable source with years of experience and a sound business outlook on the future of security tokens.”
Based in London, CMS has 250 partners and 74 offices throughout 42 countries in Europe, South America, the Middle East and Asia. In June the company reported $1.47 billion in revenue for 2017, a year-on year growth of 31%. CMS continues to position itself in the area of cross-border transactions.
Says Cornelius Brandi, executive chairman,
“2017 has seen a significant increase in revenue for the firm as we continue to expand globally into new territories and consolidate from a position of strength in our existing offices. As a global organization with over 70 offices, we are well positioned to support our clients in their cross-jurisdictional business wherever they operate.”