July 15, 2023

21.Finance AG joins the DLT pilot regime

FinPlanet completely supports 21.Finance AG in its application for a license in accordance with the DLT Pilot Regime (DLTR) to operate a DLT-TSS

Customer type

FinTechs

Expertise

DLT Pilot Regime

Provided services

License Applications

Strategy Consulting

Background

The currently unregulated Liechtensteiner FinTech 21.finance AG wants to position itself as a decentralized trading and settlement platform (DLT-TSS) as part of the DLT pilot regime to give customers access to a regulated decentralized trading and settlement system.

Challenge

▪ To submit an application, in the first place a subsidiary had to be established in Germany

▪ Simultanous structuring of the company and the application in addition to the day-to-day business of the company

▪ Regulatory processes had to be set up and documented

▪ DLT-TSS's IT architecture had to be set up and integrated into the company's existing infrastructure

Our support

▪ Complete project management for setting up DLT-TSS as part of the DLT pilot regime across all stakeholders

▪ Preparation of the license application in cooperation with a partner law firm

▪ Draft of the target operating model of the DLT-TSS

▪ Preparation of various processes and written regulations for the license application

▪ Preparation of business plans including market and competition analyses as well as necessary DLT-TSS strategies

▪ Preparation of various presentation documents for German (BaFin) and European supervisory authorities (ESMA)

Our customer's achievement

▪ Submission of the license application within 6 months

▪ Supposedly first offical submitted application for the operation of a DLT-TSS

Project team

Maximilian Ludwig, CFA

Sebastian Liebscher

Schedule your first meeting with our team.

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