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: María Turrado
Modified on: Mon, 8 Apr, 2019 at 3:44 PM
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