The Third Web

Luka Müller and Dianne Schepers of MME - the Swiss law firm famous for running the Ethereum crowdsale - discuss jurisdictional constraints, Crypto Valley, novel crypto-asset classes and the “second wave” of tokenization. With 25 previous “token generating events” and 60 pending projects, MME is a clear leader in the crypto law realm. The firm is now welcoming a “second wave” of clients; companies from the legacy economy which are seeking ways to enter the blockchain world through tokenizing their pre-existing equity. In this discussion Luka outlines some of the major distinctions between US and Swiss law in relation to token issuance, looking at securities law, donations, and the commonly used foundation model. These and other regulatory differences, compounded by the stable and already-decentralized nature of Swiss government, make Switzerland the ideal jurisdiction for Crypto Valley, the rapidly growing successor to Silicon Valley based in Zug, a financial center. Alongside its long list of clients, MME