In Luxembourg, several legal structures can be used for tokenizing assets, with the choice depending on the nature of the asset, the investment strategy, and regulatory considerations. Common structures include:
Special Purpose Vehicles (SPVs): Often used for asset tokenization to isolate the asset from the promoters and provide a clear legal structure for investors.
Société Anonyme (SA), Société à responsabilité limitée (SARL), and Société par actions simplifiée (SAS): Corporate forms that can issue shares, which may then be tokenized.
Securitization Vehicles: Governed by the Law of 22 March 2004 on securitization, these vehicles allow for the issuance of securities, including tokenized securities, to investors, reflecting the value and cash flow of the underlying assets.
