Smartlands Confirms Its Near-term Roadmap to Revenue Generation
With this article, we describe our activities over the last few months and present our token
holders and other interested parties with our short-term roadmap to revenue generation in both
Liechtenstein and Ukraine.
Ukraine
As announced earlier this year, Smartlands confirmed the “soft” launch of the beta version of our
asset tokenization platform in Ukraine. Since the launch, we have gathered together an
impressive list of real estate owners who intend to use the platform to tokenize partial stakes in
their real estate portfolios, giving investors the opportunity to enter the commercial and large
ticket real estate market as minority holders and receive income on the same terms as the
majority owners.
As with all public-facing investment offerings, it is necessary to ensure that the structure of the
business offering the investment opportunities is entirely compliant with the laws in the
jurisdiction in which they operate. To this effect, Smartlands appointed Quantum Attorneys to
advise us on all matters pertaining to the legal structure of our business in Ukraine. Quantum
Attorneys, you may recall, were the lead legal firm advising the Ukrainian government on the
national laws that relate to both the issue of a Central Bank Digital Currency (CBDC) and on
how to structure the legal environment that will apply to digital assets inside Ukraine.
Working with Quantum Attorneys, Smartlands put together our own corporate structure for the
Ukrainian division in such a manner that it would instantly be legally compliant once the relevant
laws have been passed by the Ukrainian parliament, known as the Rada.
For any business starting operations in a new country, it is generally a straightforward process
to make sure that the business plan is legally compliant with the existing laws at the time of
company formation. With the Smartlands asset tokenization platform, however, we are creating
a new company to operate in a legal environment that at the time had not been formalized by
the RADA. This then allowed Smartlands to approach only professional investors, high net
worth individuals (HNWIs), and other professionals such as family offices and advisors to
HNWIs. We have made contact with many such qualifying inventors over the past few months.
We have in place a large number of “soft” commitments from such investors on the various real
estate offerings that have been presented on the platform. However, in every case, the investors
and their advisors wanted to ensure that Smartlands was compliant with the relevant Ukrainian
laws before remitting funds.
The same also applied to the real estate portfolio owners whose properties we are in the
process of listing on the platform. So, while we have both sides of the transactions ready to go,
we need absolute confirmation of the legal environment that will apply to offer legal comfort to
both investors and the property owners, and this can only be guaranteed once the Rada has
passed the relevant laws and they have been signed into effect by the Ukrainian President.
Read more: https://coindoo.com/smartlands-confirms-its-near-term-roadmap-to-revenue-generation/
Text source: Coindoo
