In a groundbreaking move for blockchain’s law specialists, Maltese company E&S Group on Friday announced that it has become the first corporate and legal advisory firm in the world to tokenize its services.
The company, which has overseen the launch of some 20 initial coin offerings (ICOs), has taken the lead from its own progressive government; Malta aims to become the first European country to introduce a legislative framework for distributed ledger technology and is hard at work creating a comfortable climate for blockchain companies to operate in.
E&S Group will launch its /ESTS token as a proof of work and aims to break new ground and develop opportunities for its clients in this field.
“Here at E&S, we have been involved in the blockchain and crypto world for over a year now,” said company director Christian Ellul. “We are happy to learn that the Maltese authorities are supporting this by setting up the Malta Digital Innovation Authority. The intention is to present Malta as a hub to promote this technology which is very feasible, especially with the introduction of the required legislation to smooth the way forward.”