Today the European Blockchain Sandbox unveiled the first 20 participating projects. One of the groups is a consortium brought together by 2Tokens that includes Rabobank, ABN Amro and Assetblocks. The role of the banks is to provide euro denominated deposit tokens and host the wallets that hold the assets.
Law firm Bird & Bird is responsible for facilitating the regulatory sandbox and selected the projects based on criteria set by the European Commission. This European Blockchain Sandbox is entirely separate from the DLT Pilot Regime, which has a narrower application scope.
The tokenization will use Assetblocks’ solution to represent a tracking stock backed by renewable energy sources. Investors will buy NFTs representing a partial ownership interest in solar, wind and battery parks, which entitles them to receive profits. As a security, the NFT falls under MiFID II regulations.
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