As announced earlier this year, Smartlands confirmed the “soft” launch of the beta version of our asset tokenization platform in Ukraine. Additionally, Smartlands and its legal partners have developed a legal framework for tokenizing Ukrainian assets under the Liechtenstein Blockchain Act.
We are pleased to report that on 29th July, the President of Ukraine signed into law a decree that now allows the Ukrainian Central Bank, The National Bank of Ukraine, to issue a CBDC or digital hryvnia. In a further positive for Smartlands, the NBU announced earlier this year that it had chosen the Stellar blockchain network as the platform on which it will build the hryvnia CBDC. So it is instantly compatible with all aspects of the Smartlands platform immediately after it is launched.
In the crypto field, Liechtenstein has an entirely different set of circumstances to Ukraine. There is a full suite of legislation relating to crypto activities and digital assets already in place. To date, no company has created or used an asset tokenization platform under these laws, and Smartlands intends to be the first.
The operation of our platform in Liechtenstein in a manner fully compliant with that country’s blockchain act will allow us to offer tokenized assets to a global investment audience. It will be a major source of income for Smartlands across all asset classes, especially regarding large ticket offerings.
Smartlands Short Term Road Map
Milestone Expected Date
Creation of Ukrainian LLC Complete
Issuance of Ukrainian brokerage license Q4 2021
Start of full operations in Ukraine Q4 2021
Start of first revenue generation in Ukraine Q4 2021
Full operation of Liechtenstein company October 2021
Start of first revenue generation in Liechtenstein November 2021
First payment of 33% revenue share to SLT holders December 1st, 2021
Smartlands is a digital investments platform with a proven use case for tokenizing shares in real assets. Having its mission of tokenizing the real economy and bringing all its benefits to a broad audience, Smartlands launched an alternative investments project in Ukraine. The SLT is a cryptocurrency of the Smartlands ecosystem. It is limited to a maximum of 7.1mn tokens and runs on the Stellar open-source network.
