The Bank of Lithuania has issued Guidelines on Security Token Offering (STO), which provide greater regulatory clarity and aim at higher investor protection.

The Guidelines do not create a regulatory regime specific to STOs, but provide regulatory certainty that they are subject to certain financial markets regulations and certain supervisory requirements depending on their characteristics. Companies planning to use the STO method for issuing tokens qualified as transferable securities or other financial instruments will have to comply with EU and national legislation regulating capital-raising activities. 

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