Proud to be the first to issue a digital instrument that increases the value of owning corporate shares . The instrument is named ’Katalys’. The Katalys extends the shareholder’s influence and choice beyond the traditional annual voting process.
The aim of the Katalys is to monetize choice and influence. Its function is based on a digital instrument and a smart wallet, whereby each shareholder of the issuing company, Katalysen & Partners AB to start with, will be granted an allotment of the issued Katalys cryptographic digital asset that is proportional to his/her underlying ownership in the firm. Each allotment of the Katalys is held in a smart wallet, called the ‘Stake’. Thus owners of Katalys type digital rights become ‘Stake holders’.
The Stake wallet and associated identification structures will allow to include Anti Money Laundering (AML) and Know Your Client (KYC) functions.
The Stake wallet will furthermore allow to hold similar digital instruments as the Katalys issued by companies that license the technology from us.
When the firm reports results, shareholders who choose to receive the associated cash return will forfeit a portion of their Katalys asset. Shareholders who choose to keep the return invested, keep their entire amount of Katalys. The number of Katalys forfeited against the cash return will be determined by an auction algorithm or set by the issuing company.
From time to time, the firm will engage shareholders to consider specific issues and decisions. Shareholders who fail to participate and make their opinion known, will also forfeit a portion of their Katalys asset. A smart contract will observe each user’s action or inaction and destroy a calculated number of Katalys asset from the inaccessible wallets of user’s who did not participate fully.
Over time, shareholders who prefer to keep the Katalys asset instead of getting cash payments and participate in each conversation and vote, will gain greater influence in the group as their relative percentage of the existing Katalys becomes larger.
We expect that a number of our portfolio companies will also implement the digital incentive system to not only promote further engagement from its stakeholders, but also to offer its stakeholders individually the choice on the form of their cash return. Those instruments will also be held in the Stake wallet. The Katalys is mainly targeted towards privately held companies.
Annie Stacks, Inc, a financial technology developer in Seattle, Washington will architect the software.