Shares and bonds can now be kept like a “digital title deed”
Discussions are underway about issuing a company share or bond not as a paper or an MKK (Central Securities Depository) record, but also as a crypto asset.
Today, when you buy a share, your right is held at the Central Registry Agency (MKK). Under the new model, the same right could be held as a token on a licensed crypto infrastructure. In other words, the token is not a new kind of money; it is the digital record of the share or bond.
With a simple example: the deed of your house is kept at the land registry office. Here, the deed is moved to a record on the blockchain. The house is still the house; what changes is where the paper is kept.
It’s still a share or a bond.
If there are dividends, interest, or voting rights, they continue.
SPK approval, the prospectus, and investor protection continue.
It’s not the case that everyone can mint random tokens.
The law opened the door; OVP said “we’ll write the rules.” The SPK prohibits companies from saying “we made our shares tokens, buy them” without issuing a detailed communiqué.
This is not Bitcoin; #Bitcoin is an independent crypto currency.
Here, the token is the digital form of an existing security. These should not be confused.
One sentence: The state is opening the way to move the share’s title deed to a digital ledger; it is not printing money—it’s still writing the rules.
Discussions are underway about issuing a company share or bond not as a paper or an MKK (Central Securities Depository) record, but also as a crypto asset.
Today, when you buy a share, your right is held at the Central Registry Agency (MKK). Under the new model, the same right could be held as a token on a licensed crypto infrastructure. In other words, the token is not a new kind of money; it is the digital record of the share or bond.
With a simple example: the deed of your house is kept at the land registry office. Here, the deed is moved to a record on the blockchain. The house is still the house; what changes is where the paper is kept.
It’s still a share or a bond.
If there are dividends, interest, or voting rights, they continue.
SPK approval, the prospectus, and investor protection continue.
It’s not the case that everyone can mint random tokens.
The law opened the door; OVP said “we’ll write the rules.” The SPK prohibits companies from saying “we made our shares tokens, buy them” without issuing a detailed communiqué.
This is not Bitcoin; #Bitcoin is an independent crypto currency.
Here, the token is the digital form of an existing security. These should not be confused.
One sentence: The state is opening the way to move the share’s title deed to a digital ledger; it is not printing money—it’s still writing the rules.