TokenForce

Tokenized European Equity

Legal and Regulatory

Draft

The prospectus framework, the core legal constraint, and the regulated partners involved.

Prospectus framework

  • Base Prospectus prepared under the EU Prospectus Regulation.
  • Approved for one year and renewed annually (Art. 12).
  • One Final Terms per product, issued under the Base Prospectus (Art. 8).
  • A Key Information Document (KID) under PRIIPs where required for retail.

The core legal constraint

  • Selling from pre-minted on-chain inventory avoids "ordreformidling" (order facilitation), the licence-triggering activity.
  • The intended flow runs in four steps (Trin 1–4): acquire underlying → issue token → investor buys from inventory → treasury rebalance.

Regulated partners

  • A MiCA-regulated CASP handles crypto custody and USDC/EUR conversion.
  • USDC is treated as an e-money token (EMT) under MiCA.