Standardization and Certification of Security Tokens
In April 2020, the Competence Center Banking and Finance at the University of Applied Sciences St.Gallen will launch a research project co-financed by the Swiss Agency for Innovation Promotion (Innosuisse) entitled "Independent Evaluation Framework for Security Tokens" in cooperation with renowned practice partners.
The aim of this practice-oriented research project is to create more transparency and comparability in security tokens (digital assets such as shares and bonds). In addition to an urgently needed standardisation in the area of security tokens, a comprehensive and broadly supported certification process is also to be developed.
Such certification serves both the companies that finance themselves by issuing security tokens and the banks that maintain business relationships with the issuers, as well as private and institutional investors.
As part of a broad-based investigation, the diverse needs of all stakeholders (e.g. banks, stock exchanges, regulators, lawyers, notaries, auditing companies, trustees, technology companies, associations, issuers, investors and platform providers) will be comprehensively surveyed in order to develop a standardization and certification for security tokens that is recognized by the market.
Practice partners involved
Practical partners of the research project are the rating agency fedafin, the PFlab (innovation laboratory of PostFinance) and the Hypothekarbank Lenzburg, the law firms VISCHER, Walder Wyss, Kaiser Odermatt & Partner, the start-up company Drakkensberg AG and the technology partner KORE Technologies.
For further information, please contact Pascal Egloff, project manager. E-mail address: fhs-project-securitytoken@ost.ch
