Smartlands Confirms Its Near-term Roadmap to Revenue Generation - Coindoo

Smartlands Confirms Its Near-term Roadmap to Revenue Generation

Editorial Team Avatar
Aug 25, 2021
2 min reading time

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.

* The information in this article and the links provided are for general information purposes only and should not constitute any financial or investment advice. We advise you to do your own research or consult a professional before making financial decisions. Please acknowledge that we are not responsible for any loss caused by any information present on this website.
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