Mourant advises on landmark blockchain deal
21 May 2019
Leading global offshore law firm, Mourant, has advised 20|30 Limited on the first-ever settlement of privately offered equity using blockchain technology in the European Union.
The Mourant team acted as Guernsey counsel, led by corporate partner, Frances Watson, with assistance from associate Alasdair McKenzie. Eversheds Sutherland LLP acted as lead onshore counsel to 20|30.
20|30 is a UK company which is seeking to reinvent capital markets through the use of blockchain technology and tokenized equity issuance. Maintaining a fully regulated and compliant platform, 20|30 is aiming to enable greater liquidity in start-up and other corporate equity investments through increased ease of investor-access and a quicker and cheaper route to market for issuers.
20|30's inaugural issuance was conducted through the UK FCA Sandbox in collaboration with an FCA authorised UK custodian.
Jack Thornborough, Head of Compliance at 20|30, added: "We are delighted to announce that for the first time an equity token offering has harnessed blockchain to effect settlement in collaboration with a major stock exchange. We are pleased to have achieved this with the excellent service from Mourant and we are delighted to have them as our trusted advisor.”