How VP Bank is tokenising collectibles for clients of its private banking services

Liechtenstein is one financial jurisdiction which has embraced the blockchain enthusiastically. It has since January 2020 had in place comprehensive legislation covering all aspects of tokenisation in the shape of the Token and Trustworthy Technologies Service Provider Act (TVTG). The Act is, says VP Bank, one of the factors that has made possible its own rapidly developing asset tokenisation service. The Liechtenstein private bank sees the tokenisation of collectibles in particular as a major new business opportunity in the immediate future – a work of art belonging to a client was tokenised earlier this year. Dominic Hobson, co-founder of Future of Finance, spoke to Thomas von Hohenhau, Head of Client Solutions and a Member of the Group Executive Management at VP Bank in Liechtenstein, and Marcel Fleisch, Chief Product Officer at VP Bank.