Based on in-house expertise and strengthened by external partners, we have built an entire eco-system to provide ICO Consulting and Advisory Services to Blockchain startups.
Many Software companies are looking for alternatives to venture capital and private equity funding that historically can take months to obtain and are often viewed as impediments that increase the time to market and limit the innovation presenting many missed opportunities.
Industry experts agree that many ICO's today are competing in a crowded market seeking to raise capital and that this trend is expected to continue as the cryptomarket grows. Establishing credibility early in the ICO development and presenting a compliant best practices ICO to investors is often what determines if the ICO will be successful.
WISTRA evaluate und advise your Token-Category, Token-Definition, Token-Economy. This is usually needed in order to address crypto marketplaces.
CREATE LEGAL ICO
There are many reasons why token trading may be subject to BaFin’s “permit reservation”. Whether the permit requirement applies depends in individual cases on how BaFin assesses the business model and the token issue. Close coordination with BaFin is of crucial importance first of all. Anyone who runs an ICO without an examination by BaFin or the required permission must expect severe criminal sanctions.
BaFin’s information letter published on 20.02.2018 shows that the authority is not inclined to tolerate ICOs as an unregulated instrument of raising capital. There are only certain possibilities to create a token that does not fit into one of the possible supervisory categories. This marks the end of a period of unregulated ICOs in Germany – but also a start for period of legal certainty about the circumstances of a legal ICO.
What is the significance of blockchain technology for companies, institutions and the working worlds of a future society? The increasing digitization is changing almost every industry. Organization, productions, products and services become “smart”. Blockchain technology often offers both efficiency advantages and new growth potential and business models. However, companies often face the challenge of how to successfully prepare, initiate, steer and implement this transformation.
WISTRA has developed all the necessary skills and supports the establishment of international companies, the implementation of a legally compliant ICO and the further development of blockchain technologies and companies.
WISTRA has unique experiences in Germany on how to successfully exploit the potential of digitization for companies and institutions with blockchain business applications, well-proven blockchain methods and disruptive business models.