Tokenised shares are currently difficult to transfer. While crypto coins can be traded via trading platforms such as Coinbase or Kraken, this is not so easy with shares due to shareholder rights. The company’s shares often have to be sold back. This is due to the fact that not all wallet holders are identifiable. However, this is necessary under international tax law (“FATF”) in order to enter the beneficial owner in the share register/register and to fulfil legal reporting obligations. In addition, a young company in particular often does not have the financial means to buy back shares from shareholders or would like to use the funds for this purpose. This would be tantamount to a capital reduction. However, the company often wants to use the liquid funds to expand its business activities, such as employee salaries.