Blockchain and Asset Tokenization

At Lextelier, we are passionate about advising projects that utilize blockchain-based solutions, using smart contracts and structuring financing operations through ICO or STO.

What does the Blockchain and Tokenization service consist of?

We provide legal advice in validating business models based on blockchain and offer solutions for the different situations related to cryptocurrencies and crypto-assets.

Our multidisciplinary approach takes into account the various areas that may be involved, such as data protection, cybersecurity, money laundering prevention, securities markets and taxation, providing a global view of the legal and regulatory landscape of blockchain.

Tokenization involves representing a right in a legally private distributed registry (blockchain), and publicly or semi-publicly for technological purposes, through unitary accounting entries called tokens. These tokens will always be associated with a specific account (wallet), allowing the owner to hold or transfer these tokens.

However, it is important to understand what is going to be tokenized, as the applicable legal regime will vary according to the nature of what is being tokenized. Potentially, all kinds of assets can be tokenized, movable or immovable, tangible or intangible, fungible or non-fungible, and present or future, which will affect their ownership regime, transferability, and liability.

However, the legal systems around the world, including the Spanish one, today do not allow for perfect tokenization of any type of asset, thus, tokenization of a property cannot replace the current regime of transmission and enforceability against third parties of its ownership, as it requires its registration in the public registry.
Despite all this, a token can serve as proof of the ownership of a right.

At Lextelier, we work hand in hand with our clients to find the best solution for each case.

The legal _future blog

On our blog you will find a wide variety of legal content, from advice for startups to updates on laws and regulations. In addition, in our Academy section you can access free resources to help you better understand your legal rights and obligations.

“Forks” in the Blockchain World: A Look at Innovation and Evolution

Innovation and Blockchain: what is a DAO?

Understanding Shareholders Agreements: Types, Importance and How They Are Drafted

Asset Tokenization: A New Horizon in the Digital Age

New European Regulations: A Game Changer for Cryptocurrencies

MiCA: A milestone in the regulation of crypto-assets in the European Union