How to Launch an ART Token in the EU Under MiCA: Complete Step-by-Step Guide ModerniPravnik.cz

How to Launch an ART Token in the EU Under MiCA: Complete Step-by-Step Guide

This video breaks down the entire process of obtaining authorization to issue an Asset-Referenced Token (ART) in the EU under MiCA in 3–6 months.

Next Step: Schedule Your Free Consultation HERE: https://calendar.app.google/6mHth1JvA...
Contact us:
📧 info@modernipravnik.cz
https://modernipravnik.cz

What You'll Learn:

Step 1: Pre-Application Engagement (4–12 Weeks)
Contact your national regulator (Czech National Bank), submit a Key Facts Document outlining your business model, and conduct preliminary meetings. This upfront dialogue prevents mistakes and shortens your timeline.

Step 2: Documentation Preparation (8–12 Weeks)
Prepare 13 core document categories:

1. White Paper – Public disclosure including issuer info, ART characteristics, offering details, holder rights, technology, risk disclosures, reserve composition, environmental impact.

2. Application Form – Formal authorization application with company details and LEI code.

3. Legal Opinion – Certified confirmation your ART is correctly classified.

4. Business Plan – 3–5 year detailed plan with revenue model, customer acquisition, geographic scope, projections.

5. Financial Projections & Capital Plan – 3-year forecasts. Capital requirement: highest of €350,000, 2% of average reserves, or 1/4 of annual overheads. Include stress tests (50% redemptions, asset value decline, provider failure).

6. Governance Documentation – Org charts, articles, board composition, decision procedures.

7. Management Body Assessment – For each board member: criminal record certificate, CV with relevant experience, educational qualifications, time commitment statement, conflict of interest declarations.

8. Shareholding Documentation – Ownership structure; 10%+ holders require fit & proper documentation, criminal records, financial soundness proof.

9. Reserve Asset Management Policy – Asset composition percentages, custody arrangements, segregation procedures, insurance, investment restrictions, reconciliation, liquidity management, redemption procedures.

10. ICT Security & DORA Compliance – System architecture, encryption, multi-factor authentication, access controls, private key management, backup/recovery, disaster recovery plan (RTO/RPO targets), incident response procedures.

11. AML/Compliance Procedures – KYC/EDD, transaction monitoring, sanctions screening, travel rule procedures, money laundering risk assessment, staff training.

12. Risk Management & Internal Controls – Operational/financial/liquidity/compliance risk management, third-party oversight, complaint handling, conflict management, GDPR compliance.

13. Third-Party Agreements – Contracts with custodian, cloud providers, blockchain providers, compliance vendors. Include SLAs, compliance clauses, data protection, exit provisions.

Step 3: Formal Submission & Completeness Check (2–3 Weeks)
Submit complete application via regulator portal. Regulator has 25 working days to confirm completeness. Well-prepared applications pass first time.

Step 4: Substantive Assessment (4–6 Weeks)
Regulator evaluates financial soundness, governance, operational resilience, compliance, consumer protection. Expect clarification requests on white paper risks, reserve custody, management experience, stress tests. EBA/ESMA/ECB provide opinions.

Step 5: Final Decision & Authorization (2–3 Weeks)
Regulator issues authorization (unconditional, conditional, or refusal). Conditional approvals are common—address conditions, confirm compliance, then launch.

Why Most Applications Fail:
Vague risk disclosures
Weak governance documentation
Insufficient ICT/DORA compliance
Unrealistic financial projections
Poor reserve management detail

The Reality:
DIY: Rejection → 6-month delay → €650K–€2.4M cost
Expert Partnership: Approved first time → 3–6 months → €800K+ savings

Why ModerniPravnik.cz:
13 years crypto regulation expertise. 7 specialized lawyers. Multiple successful ART authorizations. We understand what regulators want—written and unwritten expectations. Our collaborative approach (Google Drive, weekly calls, real-time updates) ensures completeness and prevents deficiency notices.

Next Step: Free Consultation

Schedule confidential 1:1 consultation where we assess your ART concept, outline regulatory requirements, and provide detailed roadmap.

Contact:
📧 info@modernipravnik.cz
📱 +420 732 394 849
🔗 https://modernipravnik.cz

Tell us: What does your ART reference? Target market? Timeline? Regulatory concerns?

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