Swiss fintech raises $2m for blockchain project

clock • 1 min read

Geneva based fintech Mt Pelerin has successfully closed its first stage of funding with 5% of its tokenised equity sold to the crowd. On 16 October 2018, Mt Pelerin Group was incorporating 100% of its share-equity on the blockchain in the form of tokens. This achievement drew the attention of experts as it was the first time the shares of a company were incorporated into a token and made indissociable from it. Token holders could now be recognised as shareholders by Swiss law and not by contractual agreement. With this new tool, Mt Pelerin has been able to sell without any intermediar...

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