August Debouzy + ConsenSys
Security Token Offering Service
August Debouzy brings its legal expertise, aiming to advise clients on the issuance of financial instruments (equities, bonds, fund shares, etc.) on the blockchain, in a compliant way, while reducing complexity and costs related to intermediaries and distributors.
ConsenSys is the world’s largest pure-play blockchain technology company and leading specialist in Ethereum, the platform of choice for Decentralized Finance hosting over 90% of security tokens.
ConsenSys has developed one of the world’s most advanced technology platforms to support tokenized financial assets, powered by the Ethereum blockchain. Using ConsenSys Digital Assets, issuers, investors and other institutional actors are able to issue and exchange tokenized financial assets on public or private blockchain networks.
Tokenized assets are hard-coded to be transferable in pre-approved conditions only, as per legal, KYC and AML compliance requirements.
This collaboration aims to bring together legal and technical expertise in order to design solutions that are better suited to each client’s needs.
“Blockchain brings multiple benefits through tokenized assets and we are just beginning to measure the significance. Not only is the issuing process simplified, but all business and legal rules are automated. This ensures greater efficiency, and results in a reduction in the number of disputes, a diversification of the pool of investors, and greater liquidity, etc.” – Anne-Sophie Cartray, Executive Director, ConsenSys
About August Debouzy
August Debouzy was created in 1995 and is comprised of 150 lawyers, including 30 partners acting in all major areas of French and EU law. With a large international network of referral firms, August Debouzy is a full-service law firm and each of their practice groups is fully recognized as an expert in its sector. August Debouzy received the Best French Law Firm award in 2019, awarded by The Lawyer.
August Debouzy and ConsenSys presented at VivaTechnology 2019, demonstrating the benefits of STOs and the added value of combining blockchain and legal skills to support these new operations.