Scaling up Maecenas — Financial Product & Regulation (Part 3)

Scaling up Maecenas — Financial Product & Regulation (Part 3)

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This is the 3rd a part of the “Scaling Maecenas” collection. You can learn Part 1 right here and Part 2 right here.

Financial Product & Regulation

As one of the principle pillars of our corporate, our monetary product is a key element inside of our supply.

The leading edge nature of our providing supposed that we had been required to spear-head the development of a fashion that will let us bridge actual property into the crypto global.

Adding additional headaches, law does now not at all times appear to stay tempo with era. The ever-changing regulatory framework found in the actual global supplies a decent and proscribing surroundings below which we will have to function in an effort to stay compliant.

Having confronted many demanding situations, we’re in particular pleased with how we controlled to steer a multi-disciplinary effort, requiring mavens from more than a few fields (e.g. Finance, Legal, Tech & Compliance to call a couple of) to effectively ship our operating beta product.

The info

  • We had been the primary corporate to effectively tokenise and public sale fractionalised financial rights of a multi-million greenback piece of artwork.
  • Albeit with some boundaries (exclusion of US electorate and simplest accepting crypto as type of fee), our monetary construction proved to be tough, while making sure we remained 100% compliant.
  • The sophisticated regulatory panorama supposed that we confronted many unanticipated demanding situations, then again, we controlled to ship on our guarantees with simplest minor delays from the road-map indicated on our white paper.
  • The scalability of our present construction may also be progressed; that is one thing we’re actively operating on. Despite this, we controlled to stay prices below regulate to a really perfect extent, with the public sale itself proving to be winning.

The causes

  • Our primary goal used to be to be the primary to go into the marketplace, making sure we stored our aggressive benefit.
  • We had been prompt that below our present construction, if we had been to have permitted electorate from positive jurisdictions (as an example the USA), we’d have uncovered the corporate to criminal dangers.
  • Implementing a FIAT gateway which adheres to our prime safety requirements calls for a powerful partnership with an agent we’re 100% certain we will consider with our consumers’ cash.
  • Finding answers to those two problems would have prolonged our timeline, however is one thing we’re these days operating on.
  • Whilst scalability used to be a priority, it used to be now not our precedence. As pioneers inside of Asset Tokenization, we had been venturing into uncharted territory. This workout presented us priceless enjoy that we will observe to our function endeavours.

Our plans

  • As the primary to go into this marketplace, we will have to proceed to construct on our aggressive benefit.
  • Develop a construction that may permit electorate from in all places the arena to take part, in particular the ones from the US.
  • Launch partnership with our monetary agent. This will permit all our purchasers to take a position the usage of their native FIAT currencies all over the following public sale.
  • Develop a criminal construction this is as scalable as conceivable, maintaining prices and transaction frictions to a minimal.

Originally printed at weblog.maecenas.co.

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