Greenberg Traurig advised LINUS Digital Finance (LINUS) on the set-up and structuring of a blockchain-based co-investment platform for the financing of the Access Tower in Frankfurt am Main, Germany. Professional and semi-professional investors can thereby settle their co-investments on the Ethereum blockchain. The process is based on tokenized trust relationships which involves the issuance of electronic debt certificates (so-called tokens).
The aim of the project is to test the acceptance of blockchain technology among investors and to determine what opportunities arise for LINUS and its co-investors from the digitalization of the financial markets. The focus here is primarily on accelerating and simplifying processes as well as on the tradability of investments on the digital LINUS co-investment platform, according to LINUS.
Specifically, after digitally subscribing to the transaction and transferring the investment amount, co-investors receive tokens in the corresponding amount into their digital wallet. Using blockchain technology, the transaction together with volume and compensation information is then authenticated on the Ethereum blockchain and the corresponding rights and obligations are linked to the ownership of the token.
Greenberg Traurig advised LINUS, a provider of data and technology-driven financing solutions for real estate projects, on all aspects of investment law, fund structuring and financial technology law issues.
Background: LINUS is a long-standing client of the firm. Greenberg Traurig regularly advises the company on fund investments and real estate financing.
About Greenberg Traurig: Greenberg Traurig, LLP (GT), has approximately 2200 attorneys in 40 locations in the United States, Latin America, Europe, Asia, and the Middle East. GT has been recognized for its philanthropic giving, diversity, and innovation, and is consistently among the largest firms in the U.S. on the Law360 400 and among the Top 20 on the Am Law Global 100. The firm is net carbon neutral with respect to its office energy usage and Mansfield Rule 3.0 Certified. Web: www.gtlaw.com
The aim of the project is to test the acceptance of blockchain technology among investors and to determine what opportunities arise for LINUS and its co-investors from the digitalization of the financial markets. The focus here is primarily on accelerating and simplifying processes as well as on the tradability of investments on the digital LINUS co-investment platform, according to LINUS.
Specifically, after digitally subscribing to the transaction and transferring the investment amount, co-investors receive tokens in the corresponding amount into their digital wallet. Using blockchain technology, the transaction together with volume and compensation information is then authenticated on the Ethereum blockchain and the corresponding rights and obligations are linked to the ownership of the token.
Greenberg Traurig advised LINUS, a provider of data and technology-driven financing solutions for real estate projects, on all aspects of investment law, fund structuring and financial technology law issues.
Background: LINUS is a long-standing client of the firm. Greenberg Traurig regularly advises the company on fund investments and real estate financing.