Security token offering in EU: applicable law

Abstract

The paper focuses on applicable law towards Security Token Offerings (STOs) in the European Union. The goal of the thesis is to analyse the legal framework in the EU with regards to STOs from the perspective of an organizer, an investor and a regulator. Blockchain technology has entered the field of regulated market activities and along with new opportunities for business, it has brought new challenges for regulators and risks for investors. The research will illustrate the legal framework which organizers have to follow in order to launch legally compliant STO.