Daura enables easy access to the OTC capital market for Swiss SMEs and startups. Through tokenization of shares and participation certificates, Swiss companies limited by shares can digitally and automatically keep their share register on a ledger and easily reach global investors registered on daura.
The daura application is based on Distributed Ledger Technology (DLT). By issuing so-called “C-Shares”, shareholder rights can be transferred worldwide – easily and inexpensively. In order to ensure legally valid transfers of shares and participation certificates (issued as uncertificated securities) by means of cryptographic token bookings, all platform users agree to a contractual framework (terms of use). In doing so, they agree to the informal transfer of uncertificated securities by concluding a transfer agreement – no written assignment is needed.
https://www.swisscom.ch/content/dam/swisscom/de/about/news/2019/03/11-swisscom-partnership/11-visualization-ecosystem.pdf
