❓How does it work?

The Digital Notary by Nxchange & Bondex offers an innovative and streamlined solution for the digital formation, management, and transfer of shares in private limited companies (BV). By leveraging advanced blockchain technology and complying with new European regulations, the Digital Notary simplifies and automates traditionally complex and time-consuming processes.

Key Features and Process:

1. Formation and Management:

   • New Companies: Entrepreneurs can create a new BV or STAK (Stichting Administratiekantoor) entirely online. The process involves submitting the necessary information through the Digital Notary platform, which then handles the registration and documentation with the Chamber of Commerce (KVK).

   • Existing Companies: Existing entities can transition to the Digital Notary system by adapting their statutes to the standardized model provided. This conversion facilitates the digital management of shares and other corporate actions.

2. Share Issuance:

   • Standard issuance of 200 million shares, divided into 100 million Class A shares with voting rights and 100 million Class B shares without voting rights but with meeting rights.

   • Digital cap table management allows real-time monitoring and updates, ensuring transparency and accuracy in shareholder information.

3. Capital Raising:

   • Companies can raise capital continuously or upon reaching specific thresholds. This process is managed digitally, reducing the need for physical paperwork and in-person meetings.

4. Blockchain-Based Administration:

   • Utilizing blockchain technology, the Digital Notary ensures secure, transparent, and tamper-proof records of all transactions and shareholdings.

5. Corporate Actions:

   • The platform supports various corporate actions such as dividend payments, interest payments to bondholders, share conversions, and stock splits, all managed through a centralized digital portal.

By adopting the Digital Notary, companies benefit from increased efficiency, reduced costs, and enhanced regulatory compliance, making it an ideal solution for modern corporate governance.