Bank of Lithuania reinitiates public consultation on Guidelines on Securities Token Offerings
Recently, the issue of securities tokens has been attracting interest from the market participants. Aiming to create recommendations that would be known in advance to market participants and not require complicated practical application, the Bank of Lithuania reinitiates public consultation on Guidelines on Securities Token Offerings.
The Guidelines reflect the approach of the Bank of Lithuania to this financial instrument, particularly focusing on qualification of tokens (what tokens qualify as securities tokens or other financial instruments), assessing specific cases, providing recommendations related to the issue of securities tokens and explaining applicable legal regulation.
The market participants are welcome to participate in the consultation and provide their suggestions and comments regarding the Guidelines until 13 September 2019 via email [email protected].
Guidelines on Securities Token Offerings (804.8 KB )