Crowdinvesting is intended to allow you to launch Crowdinvesting campaigns based on GmbH-tokens. We are currently working on making this vision a reality.
Yes, the token is generally tradable at any time (provided there is no "AllowList" or the buyer is on the "AllowList"). An individual agreement regarding a minimum holding period can also be contractually agreed upon between the company and an investor.
That decision is made by each company. Technically, it is possible to add an "AllowList" to the token. If the company activates such an "AllowList", only investors who have been placed on the list by the company based on certain requirements are allowed to send and receive the token. This means that investors on the "AllowList" could trade among themselves but would not be able to sell the token to any third party. Alternatively, the company also has the option to use the token without an "AllowList." In this case, technically, any investor is free to sell tokens to third parties, and further transactions between third parties are also possible.
Irrespective of this, there may of course be legal restrictions on the basis of which a sale to a specific third party is not permitted.
Currently, there is no option to send messages to your investors through the Tokenize.it platform. We are working on establishing a communication interface soon.
First, you register on the Tokenize.it platform and are guided through the onboarding process. In this step, you go through the identification process (KYC), create your contract documents and submit your ?Basisinformationsblatt? (BIB) or some other company documents (see checklist). You now define the framework conditions such as the validity period of the investment offer, price, etc. and can share your fundraising campaign on your company website, social media channels or similar. Once we have completed a plausibility check of the submitted documents, you can create a public invitation link to crowdinvesting for investors.
The Tokenize.it platform currently requires you to self-custody your wallet, which means you manage your keys yourself. We will never manage your keys or ask for them. At a later point in time, support for custodial services or custodial wallets may be added.
Tokenize.it does not provide tax advice. We strongly recommend that each fundraising company verify the tax treatment of the tokens with its own tax advisors.
Yes, at the end of the investment process you can specify another wallet to receive the tokens, in addition to the one you used when you logged in. You will need to confirm this again by email. Please note that the payment or creation of the Monerium account always runs via your login wallet. Although it is also possible to log in with a Google account (a wallet is created for you in the background), we recommend using your own wallet. If large sums are involved, a "cold wallet" is recommended.
The GmbH tokens are to be classified as "Genussrechte" (profit participation rights) for tax accounting purposes. The tax authorities set out their current view on the ?Geussrechte? in the BMF letter dated April 11, 2023. According to the tax authorities, the classification of tokens (?Genussrechte?) as equity or debt capital depends largely on the shareholder status of the token holders.
If there is no ?Gesellschafterstellung? (status as shareholder), the tokens must be reported as debt capital (?Fremdkapital?). However, if there is a ?Gesellschafterstellung?, equity (?Eigenkapital?) may also exist for tax purposes, depending on the specific structure. In our experience, however, ?Genussrechtskapital? (profit participation capital) is repeatedly classified as equity in the commercial balance sheet. As a start-up founder or managing director, we recommend that you evaluate your specific situation together with your tax advisor in advance.
Crowdinvesting campaigns are currently available for investors from EU member states. As part of the onboarding process on the Tokenize.it platform, investors go through a KYC process that complies with all anti-money laundering requirements.
We do not charge investors any fees, the funds raised go directly to the company. The costs for GmbHs can be found in our pricing.
When you register, you will be asked for your contact details as well as information about your investment experience. This is required by law. We use it to check whether crowdinvesting is an appropriate investment for someone with your experience. Ultimately, you can decide for yourself whether you want to invest.
Yes, any purchase agreements (and other investment agreements) are executed between the respective fundraising company and its investors. Tokenize.it is not a party to those agreements. Similarly, any public reward (?Auslobung?) granting certain rights to investors holding tokens is made by the respective fundraising company itself?not by Tokenize.it.
Currently, we permit German GmbHs (limited corporations) and UGs on our platform.
Technical requirements:
For detailed information regarding the onboarding process, please download the Onboarding Guide. ?? **English Version ?? German Version**
Payment is possible via SEPA transfer or with the E-money token EURe ("Monerium EUR emoney", a stablecoin issued by our partner Monerium) on the Gnosis Chain via your own wallet. Payment via a crypto exchange is currently not possible.
We do not provide legal advice, tax advisory services or investment advice. You need your own legal, tax and investment advisor.
Under German law, a "Genussrecht" is a form of profit participation right in a company where the holder of the ?Genussrecht? receives certain financial benefits. It is a special form of investment that allows investors to participate in the profits of a company without owning shares in the company. Unlike stocks or shares in a limited liability company (?GmbH?), a ?Genussrecht? does not grant the holder any voting rights regarding the company. Rather, it is a purely financial participation where the holder has a claim to specific proceeds.
In the case of Tokenize.it, the participation rights are intricately linked to a company?s GmbH-token and are governed by the token agreements available on the Tokenize.it platform.
The Tokenize.it platform enables the creation of GmbH tokens for your company. With the sale of your company tokens, you can carry out your fundraising. Offer tokens is a perfect alternative to traditional funding rounds. Raise continuously and update token terms as needed. You can manage your token pool with precision. Every change in your token pool happens seamlessly on Tokenize.it. The tokens behave as "programmable equity" and can also automatically reward early adopters.
Additionally, your company tokens are also suitable for offering employee participation plans at your company. You can offer tokens with vesting schedules, cliffs and more to your team.
The tokens created on the Tokenize.it platform are based on the ERC20-standard. The standard allows for the easy transfer and trading of tokens. Therefore, the token is usable for the secondary market.
A separate page in the company's design will be set up for each crowdinvesting campaign. Essential information about the company or the campaign can also be found there. The design can be customized by the company when creating the campaign.
You can download the PDF here, which explains the steps you will go through in the onboarding process. If you have any questions, you can contact us via email:
Every company raising capital can decide that for itself after having assessed applicable laws thoroughly. The minimum and maximum investment amount depends on applicable regulations, each investor?s financial situation and experience as well as a company?s preferences. Every company raising capital must decide that for itself.
The maximum funding amount in a campaign is ?8 million. As an investor, you can invest up to the maximum amount set by the company. The documents for a public offering are valid for twelve months, which is how long you can fundraise "continuously".
Investors have the option to receive the purchased company tokens in a different Ethereum account than the one used for login. This can drastically improve security, as a quick and easy to use software wallet can be used for login and a well secured hardware wallet can receive the tokens. It is also possible to use a multi-sig wallet like Safe as a vault. Users can set up a vault address during the investment process or in their personal security settings.
Once you have set up the employee participation program, you can send personalized links via email to your team. Additionally, you will send a personal password via a separate channel to grant them access to their tokens.
