//The Smart Valor Platform will be launched in two-stages:

The Smart Valor Platform will be launched in two-stages:

Cryptocurrencies and non-security tokens (protocol, utility, and payment tokens)Asset-backed security tokens, such as equity in young companies, real estate, crypto funds, venture capital, and private equity The above displayed tokenized assets will be offered on the VALOR Platform after the full launch in 2019. The full roll-out can be viewed in 5.2 Implementation roadmap.Since all these assets have very different characteristics, the tokenization or securitization of eachwill follow a different procedure. Thus, it will be very difficult for any singular player to develop and implement a broad variety of such tokenization approaches. This is the reason behind the emergence of providers specialized on one asset class, such as art, real estate or commodities.SMART VALOR is not striving to cover tokenization of all those diverse assets within the whole range of the value chain. The company sees a bigger opportunity in partnering with specialized platforms.The mission of SMART VALOR is to give investors better access and a broad offering of tokenized alternative investments. Therefore, SMART VALOR will not issue any of its own assets but only tokenize assets of third parties. The onlyexception to this rule is CHFt, which is needed on the platform to power smart-contract based actions and faster interaction with other platforms.This strategy can be better understood if the process of tokenization is broken down into several steps of the overall value chain. The tokenization of assets follows several phases such as:Set-up phase: selection of asset, creation of legal entity, registration, financial and legal due diligence, etc.Structuring of token issuance, creation of token, development of smart contact embedding of legal modalities into smart contract, etc.Initial public listing of a tokenSecondary offering of the tokenServicing of the token and redemptionFor most assets, SMART VALOR will focus only on phases 2-5 and partner with other players during phase 1. For example, a real estate crowdfunding specialist may use VALOR Platform to tokenize particularly large or prominent property, while the whole set-up process (selection, registration, legal set-up, structuring) is led by this provider. Another example would be a specialized platform for commodities and metals. If there is a new attractive offering, the VALOR Platform may serve as a distribution partner for primary or secondary listing.However, within certain asset classes, such as funds, SMART VALOR is aiming at covering a larger part of the value chain. For example, a venture capital fund might use the legal set-up service within SMART VALORโ€™s network in addition to the tokenization service of the VALOR Platform and holding the initial listing on the platform.https://ift.tt/2RNjuIb

  1. Cryptocurrencies and non-security tokens (protocol, utility, and payment tokens)

  2. Asset-backed security tokens, such as equity in young companies, real estate, crypto funds, venture capital, and private equity The above displayed tokenized assets will be offered on the VALOR Platform after the full launch in 2019. The full roll-out can be viewed in 5.2 Implementation roadmap.

Since all these assets have very different characteristics, the tokenization or securitization of eachwill follow a different procedure. Thus, it will be very difficult for any singular player to develop and implement a broad variety of such tokenization approaches. This is the reason behind the emergence of providers specialized on one asset class, such as art, real estate or commodities.SMART VALOR is not striving to cover tokenization of all those diverse assets within the whole range of the value chain. The company sees a bigger opportunity in partnering with specialized platforms.

The mission of SMART VALOR is to give investors better access and a broad offering of tokenized alternative investments. Therefore, SMART VALOR will not issue any of its own assets but only tokenize assets of third parties. The onlyexception to this rule is CHFt, which is needed on the platform to power smart-contract based actions and faster interaction with other platforms.

This strategy can be better understood if the process of tokenization is broken down into several steps of the overall value chain. The tokenization of assets follows several phases such as:

  1. Set-up phase: selection of asset, creation of legal entity, registration, financial and legal due diligence, etc.

  2. Structuring of token issuance, creation of token, development of smart contact embedding of legal modalities into smart contract, etc.

  3. Initial public listing of a token

  4. Secondary offering of the token

  5. Servicing of the token and redemptionFor most assets, SMART VALOR will focus only on phases 2-5 and partner with other players during phase 1. For example, a real estate crowdfunding specialist may use VALOR Platform to tokenize particularly large or prominent property, while the whole set-up process (selection, registration, legal set-up, structuring) is led by this provider. Another example would be a specialized platform for commodities and metals. If there is a new attractive offering, the VALOR Platform may serve as a distribution partner for primary or secondary listing.

However, within certain asset classes, such as funds, SMART VALOR is aiming at covering a larger part of the value chain. For example, a venture capital fund might use the legal set-up service within SMART VALORโ€™s network in addition to the tokenization service of the VALOR Platform and holding the initial listing on the platform.

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