Osborne Clarke advises tokenforge on launch of its utility token TKFG

Osborne Clarke has advised tokenforge, an infrastructure provider for the compliant tokenization of Real-World Assets, on the MiCAR compliant launch of its native utility token TKFG. This is the first MiCAR-compliant whitepaper for a utility token in Germany.

tokenforge offers a suite that enables companies to tokenise assets, thereby creating new opportunities for the simple execution of investments and trades. The TKFG token is a utility token developed for the tokenforge suite. It grants customers of the tokenforge suite a discount on platform fees by staking TKFG tokens.

To meet the requirements of the European Regulation on Crypto Assets (MiCAR), a whitepaper had to be prepared and submitted to BaFin in Germany for the purpose of registration in the MiCAR register of ESMA, which serves as the authoritative legal document describing the structure, function, rights, obligations and risks associated with the token. Osborne Clarke advised tokenforge on the MiCAR-compliant preparation of the whitepaper for TKFG as well as the submission to BaFin and the registration in the ESMA whitepaper register.

The Osborne Clarke team that advised tokenforge consisted of Dr Robert Oppenheim and Lilly Pfaf (both FinTech / Banking and capital market law).