Following the rise of virtual currencies such as Bitcoin, a trend can be observed that undertakings are trying to attract (starting) capital by issuing self-created, Blockchain technology-based, "virtual tokens". This new type of (crowd)funding takes place via so-called Initial Coin Offerings (ICOs). Due to explosive price fluctuations, ICOs are now in the spotlight of the media and (financial) regulators.
In this whitepaper, Jelmer Baukema, lawyer in the Finance & Restructuring practice at Van Doorne, discusses the ICO as a (potential) instrument to raise funding or financing in the Netherlands. After an introduction on blockchain technology and ICOs in general, the paper lists various regulatory aspects that can be relevant when considering an ICO in or aimed at the Netherlands.
Do you want to learn what we can do for your situation? For more information, please contact Jelmer Baukema alternative finance specialist of our Banking & Finance team and Blockchain team without any obligation.