"Tokens backed by real company shares, with a legally enforceable claim." Our founder, Malisha, on the framework behind equity backed tokens: "We have put together the whole legal framework where tokens are actually backed by real company equity, real company shares, and the token holders have a legally enforceable economic claim in case of a liquidity event. So how it works is that there is an operating company. A regular company, can be incorporated more or less anywhere, that runs operations, holds the intellectual property, accrues value, generates revenue, grows. Just a normal company. Then there is an SPV, a special purpose vehicle in Cayman Islands, that holds shares in that operating company. Its only purpose is to execute something called deed poll, which is a legally binding document from SPV to token holders. So let's say a company gets sold. The SPV is on the cap table, so owns share of the company, and then automatically gets proceedings of that sale. Then through deed poll, token holders actually claim their share from the SPV itself." – @imprfekt