Registered shares WeStyle Aesthetics AG have been subjected tokenizacji. This process was carried out by the platform iVE.ONE belonging to fintech Agora Innovation. This is another important step towards the development of the digital finance sector.
WeStyle Aesthetics AG tokenization
Platform iVE.ONE, owned by the German fintech Agora Innovationwas the first European entity to implement technology blockchain to a joint-stock company.
The registered shares of WeStyle Aesthetics AG - a supplier of workspace for companies in the cosmetics industry - were tokenized. The solutions provided by IVE.ONE enabled trading in digital securities, fully compliant with legal regulations. The entire process was supervised by legal experts in the field of digital securities.
The digital revolution of the stock market
Traditional paper stocks are now being replaced by registry entries at headquarters. Fitech Agora Innovation went a step further and decided to create digital shares, the trading of which can bring even more benefits to market participants and completely new application possibilities.
As the representatives of WeStyle Aesthetics AG indicate, thanks to the digital share issue carried out by iVE.ONE, the company will be able to quickly realize the market Beauty Sharing Economy corporate goals.
At the same time, it must not be forgotten that according to the German law on public companies, shares on blockchain must have a separate structure.
Each share must be assigned to a specific shareholder. Moreover, as Agora Innovation declares, fintech is extending the currently functioning standard Ethereum ERC-20 has a voting function, while providing it with the required regulatory compliance.
iVE.ONE and WeStyle Aesthetics AG
iVE.ONE is one of Agora Innovation's products, created thanks to funding FinLab EOS VC.
The platform focuses on three key aspects related to digital securities, namely issuance, investment and regulatory issues.
The solutions it provides enable companies operating on private markets to enter capital markets through tokenization, and then expand their investors' portfolios in accordance with the applicable legal framework. WeStyle Aesthetics AG is a growing supplier of work spaces for companies operating in the cosmetics industry throughout Europe.
The company offers modern premises intended for the provision of beauty services, which independent entrepreneurs can reserve adequately to their needs.