The Nominee is a special purpose vehicle (SVP) set up by the company conducting an ETO to bridge the worlds of on-chain tokens and off-chain equity. The Nominee represents token holders as a single entry in the cap table of the company. It is contractually bound to execute the will of the Token Holders expressed in the smart contracts and performs a purely bureaucratic function. The Nominee signs the Investment and Shareholder’s Agreement with the company issuing the tokens.
Created by: Shani Koren
Modified on: Mon, 8 Apr, 2019 at 3:44 PM
Did you find it helpful?Send feedback
Sorry we couldn't be helpful. Help us improve this article with your feedback.