Co-Founder, Managing Partner, SPiCE VC - Security Token Pioneers - PowerPoint PPT Presentation

P R E S E N T A T I O N B Y A M I B E N D A V I D Co-Founder, Managing Partner, SPiCE VC - Security Token Pioneers @AmiBenDavid 1 st Fully tokenized VC fund 4 th ever Security Token 1 st Regulation-enforcing Token (DS Protocol) Focused on providing exposure to the STO ecosystem Early access to the projects in the space Invested in multiple tokenization companies

Digitizing the ownership of trillions of dollars in assets, and creating a global liquid market, is an unparalleled financial opportunity with massive socio-economic implications $70 trn $215 trn $217 trn $544 trn Global Equity Global Debt Global Real Estate Derivatives

T H E F U T U R E What’s next for the STO Ecosysem? Last year I talked about the STO ecosystem forming. It’s happening - we now have dozens of companies in the space! But without proper INFRASTRUCTURE and institutional investor TRUST, we can not scale to the trillion $ potential.

A concept for a public blockchain optimized for managing the ownership of trillions of dollars worth of assets.

T H E I N T E R N E T O F O W N E R S H I P The Ownera concept is a global base-layer Proof of Ownership protocol on which the market can compete to manage all regulated asset ownership and trade Simple Open Liquid Legal As tradable as market Proof of Ownership which ONLY the core basic Open to ALL, as long as regulation allow. would be unequivocally building blocks of they meet the legal As liquid as market accepted by any court of ownership, common to requirements demands law all asset classes

U S E - C A S E S P E C I F I C B L O C K C H A I N Why do we need a use-case specific blockchain? Functionality Scale Trust The most basic building blocks A unique use-case of such Existing blockchains were not of regulated ownership are 2 nd massive scale ($ trillions), designed, and have no incentive class citizens on all current must have a platform protocols for proving off-chain blockchains. optimized for its needs. ownership.

T H E T A R G E T Simple Proof of Ownership “If I own a token that grants me rights, and these rights are denied, I can go to Ownera, and download a complete undisputed set of immutable documents, which unequivocally prove my legal rights.”

T H E G A M E T H E O R Y How do we guarantee quality and trust? To attract institutional investors, a Proof of Ownership consensus must incentivise the entire ecosystem to ensure that whatever Ownera says about assets – is truth.

The 9 Principles of Ownera Real Assets Expert Nodes Real Owners Assets in the real world, paired to Financial and Commercial People or legal entities KYC/AML Ownera tokens via KYA entities, with trusted ownership approval services expertise Atomic Trades Proof of Ownership Financial Incentives Core transaction - exchanging Consensus designed to prove Powering a global economy of ownership of off-chain assets. trusted ownership services tokens for payment Regulation Repository Privacy Governance System-level regulation- Full control over privacy for Public, transparent, non-profit, assets and owners permission-decentralized, compliance functionality commercially led

R E A L O W N E R S R E A L O W N E R S Active Owners are only people or entities that have R E A L A S S E T S passed KYC/AML - No anonymity. E X P E R T N O D E S A T O M I C T R A D E S Once inside, owners can own assets, trade, and can P R O O F O F O W N E R S H I P be contacted according to laws and regulations. F I N A N C I A L I N C E N T I V E S R E G U L A T I O N P R I V A C Y G O V E R N A N C E

R E A L A S S E T S R E A L O W N E R S Active Assets are only assets that have passed KYA R E A L A S S E T S (Know your Asset) E X P E R T N O D E S A T O M I C T R A D E S KYA is a full set of documents that legally define the P R O O F O F O W N E R S H I P ownership of an off-chain asset, and rights of token F I N A N C I A L I N C E N T I V E S holders. KYA is different per asset-class, such as R E G U L A T I O N equity, debt, real estate… P R I V A C Y G O V E R N A N C E Rights are defined at system level (equity, dividends…) and expandable by smart contracts

E X P E R T N O D E S R E A L O W N E R S Nodes are financial/commercial entities that meet R E A L A S S E T S published criteria. Any entity can join upon E X P E R T N O D E S meeting the criteria. A T O M I C T R A D E S P R O O F O F O W N E R S H I P Nodes offer ownership management services on- F I N A N C I A L I N C E N T I V E S chain and off-chain, Including KYC, KYA, R E G U L A T I O N underwriting, investment banking, exchanges, P R I V A C Y custodians and so on. G O V E R N A N C E

T H E E C O S Y S T E M Built for institutional investors and financial services companies 1 Nodes Investment banks, Exchanges, Security token service providers, KYC/AML providers, Real estate companies, Crowdfunding, Broker dealers, Commercial debt platforms, Regulators….. KYA KYC 2 3 Assets Owners Trades Equity, Debt, Real Estate, Art, Institutional Investors, Companies, IP, Derivatives… Accredited Investors, General public…

P R O O F O F O W N E R S H I P R E A L O W N E R S The Ownera consensus is a variation of Proof of R E A L A S S E T S Authority. Each asset chooses one Primary Node E X P E R T N O D E S which performs the KYA, uploads the asset to A T O M I C T R A D E S Ownera, and then writes all its transactions to the P R O O F O F O W N E R S H I P blocks . F I N A N C I A L I N C E N T I V E S R E G U L A T I O N The primary node stakes its reputation and gains P R I V A C Y the asset’s lifetime revenues, while owners can G O V E R N A N C E rate an asset by its primary node.

T H E E C O N O M Y Optimized for asset quality and proof of ownership 1 Nodes Choose which assets they want to put their reputation behind Upload a full set of ownership proof to Ownera GOOD FAITH: Gain lifetime revenues from asset and reputation BAD FAITH: Lose revenues, lose reputation, face legal consequences Governance Regulations 2 3 Assets Owners Privacy Managed by trusted Primary Node, Choose assets with Node reputation, gain access to full owners network trade with legal safety and instant settlement.

A T O M I C T R A D E S R E A L O W N E R S The basic transaction on Ownera is a trade of R E A L A S S E T S assets, usually tokens for payment. It can be E X P E R T N O D E S immediate or conditional, and can support fiat A T O M I C T R A D E S transactions, via an escrow node. P R O O F O F O W N E R S H I P F I N A N C I A L I N C E N T I V E S Platform level liquidity and price discovery: R E G U L A T I O N owners may publish their intent to buy/sell, so P R I V A C Y that regulated nodes can provide exchange and G O V E R N A N C E marketplace services.

F I N A N C I A L I N C E N T I V E S R E A L O W N E R S The Ownera protocol tokens power its economy, R E A L A S S E T S and are used in payment for primary node E X P E R T N O D E S services and transactions (similarly to how ETH is A T O M I C T R A D E S used in Ethereum) P R O O F O F O W N E R S H I P F I N A N C I A L I N C E N T I V E S They also enable instant atomic swap settlement R E G U L A T I O N directly or via stable coins, without the P R I V A C Y inefficiencies, costs and delays of global fiat G O V E R N A N C E transactions.

R E G U L A T I O N R E P O S I T O R Y R E A L O W N E R S Ownera will automatically enforce regulations: R E A L A S S E T S E X P E R T N O D E S The open-source regulation repository contains A T O M I C T R A D E S regulation Add-Ons, each covering a specific P R O O F O F O W N E R S H I P regulation per country, asset type, etc. F I N A N C I A L I N C E N T I V E S R E G U L A T I O N Any asset can choose which regulations to enable, P R I V A C Y and they are instantly enforced at by base layer of G O V E R N A N C E the network.

P R I V A C Y R E A L O W N E R S Owning assets is private! No other networks R E A L A S S E T S currently supports this critical component. E X P E R T N O D E S A T O M I C T R A D E S On Ownera, by default, only the owner, asset, and P R O O F O F O W N E R S H I P primary node can see detailed information. F I N A N C I A L I N C E N T I V E S R E G U L A T I O N Owners and Assets can then manage their privacy P R I V A C Y level as needed. G O V E R N A N C E

G O V E R N A N C E R E A L O W N E R S Ownera is non-profit, public, open and R E A L A S S E T S permission-decentralized. E X P E R T N O D E S A T O M I C T R A D E S Governance is designed to balance the needs of P R O O F O F O W N E R S H I P owners, assets and expert nodes. F I N A N C I A L I N C E N T I V E S R E G U L A T I O N This is still work in progress. P R I V A C Y G O V E R N A N C E

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