Our client, Globacap aims to simplify and widen access to global capital via its automated capital markets platform. They use blockchain to create digital tokens that represent equity ownership. This process, known as “tokenization”, is carried out by Globacap under the oversight of the UK’s Financial Conduct Authority (FCA) as part of the FCA Sandbox Cohort 4.
The owner of a token can make any transactions with it. And the transfer of equity ownership is carried out automatically in compliance with the UK company law. In addition, information on all transactions made for each specific token is stored in the blockchain.