2023-08-24 17:41:17
© Reuters. Lawyers turn asset tokenization into legal book in Brazil
Blockmarket – The tokenization of assets is the main theme of the book “The Legal Guide to Tokenization”. Recently released by lawyers Marcella Zorzo and Fernando Lopes, the work provides a complete view from the legal aspect involving the offering and issuance of tokens in the financial market.
According to Marcella Zorzo, “O Guia Jurídico da Tokenização” is the first legal book created in Brazil focused on issuing tokens. In addition, the issue provides information on other types of digital assets, such as non-fungible ones (NFTs) and global opinions on crypto regulation.
Asset tokenization book
“The Tokenization Legal Guide” is a legal book on asset tokenization that addresses the issuance of tokens, whether they are securities or not. Lawyer Marcella says that with the work, readers will be able to access how the tokenization process is seen by several countries.
Therefore, in an interview with BlockMarket, she says that the United States, Brazil and the European Union are covered in the book, bringing a survey of the regulatory initiatives of the crypto market in these regions.
“(The book explains) how to tokenize and trade tokenized goods or rights according to the Law, taking into account the regulatory landscape in the United States, European Union and Brazil.”
What is asset tokenization?
Tokenization can be understood as the digital representation of a real asset of value. This representation can be related to a good, product, service and even unique experiences.
Much more than that, tokenization allows the representation of assets that already exist in the traditional financial market, such as stocks, commodities and even shares of investment funds.
Therefore, Marcella advises that “tokenization is a transnational phenomenon”, and that is why the book addresses the legal issues involving this process of issuing digital assets.
She also says that the regulation of token issuance is covered in “The Legal Guide to Tokenization”. That is, the reader should learn more about the regulatory process involving the issuance and offering of tokens in the market.
“Tokenization is a transnational phenomenon, but internally we analyze legal issues of tokenization related to the securities market, real estate law, the financial system, and the new law that regulates the activity of virtual asset service providers.”
The Legal Guide to Tokenization
Marcella also advises that “The Legal Guide to Tokenization” is the only legal book that deals with tokenization ever released in Brazil. With the work, the reader will learn how to conduct a project to create securities tokens.
“This book is the only legal guide currently available on the market, made for both entrepreneurs and lawyers who want to understand how to tokenize or trade tokenized goods or services in accordance with the Law.”
The work provides information on how to create non-fungible tokens (NFTs), says Marcella Zorzo.
“This is a unique opportunity to learn objectively and in depth about how to carry out real estate tokenization projects, tokenization of securities, creation of NFTs, among others involving tokens or cryptocurrencies in compliance with the main legislation in force in the world on the subject. ”
The work is aimed at lawyers
In the chapters of “The Legal Guide to Tokenization”, the reader will have access to information on how securities tokens are classified by regulatory bodies such as the Securities and Exchange Commission (CVM), concludes the lawyer.
“Chapter 7 is dedicated to real estate tokenization, where the technological and legal criteria for creating real estate tokens are described.”
Finally, Marcella comments on smart contracts, and how the use of this type of digital operation can impact the traditional financial market and state intervention in controlling the economy.
“Just a new way of representing goods or rights on a new platform governed by smart contracts, with the potential to eliminate some of the legal justifications for State intervention in the economy.”
The book “The Legal Guide to Tokenization” was launched by lawyers Marcella Zorzo and Fernando Lopes. Therefore, the copy and more information about the work are available through this link.
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