Modum Announces a New Token-Equity Swap Offer


Modum Announces a New Token-Equity Swap Offer

Media Release

December 19, 2019

Zurich, 19 December 2019 – The Board of Directors of AG (Modum) has decided to make a new offer for the token-equity swap. MOD tokenholders will be able to exchange their MOD tokens for equity in the second quarter of 2020. This offer is based on an independent third-party analysis, which provides guidance for both the tokenholder and the company.

After having decided to cancel the vote on the token-equity swap of MOD tokens into tokenized Modum shares in August 2019, Modum announced that it will elaborate the best long-term and sustainable options and inform this year.

Modum commissioned BDO, one of Switzerland's leading auditing, fiduciary and consulting firms, to provide an independent fairness opinion on the proposed exchange offer provided for MOD token holders who want to tender their MOD tokens for Modum equity.

Based on this independent third-party fairness opinion, Modum will exchange MOD tokens for shares without voting rights which are called participation certificates (Partizipationsscheine). The participation certificates will not be tokenized. They will be registered with an International Securities Identification Number (ISIN), which identifies a security.

Modum will prepare a prospectus in line with Swiss and European law in which details such as financial information, the evaluation made by BDO and the conditions to participate in the swap will be publicly available. The prospectus is in particular subject to approval by the authorities. The approval procedure takes around three months and after the receipt of approval, the token-equity swap will start. We expect this to take place in the second quarter of 2020. Until the publication of the prospectus, Modum will not communicate any further details on the offering. There will be no voting for the swap procedure.

“We are pleased to move towards a solid and fair solution for all stakeholder. The proposed swap, which is based on an independent fairness opinion, provides guidance, for both the tokenholders and for the company”, says Marc Degen, Co-founder and Chairman of Modum.

Read more about the history of the token-equity swap here:


About Modum

Modum is a Zurich-based company, founded in 2016 by a group of entrepreneurs with backgrounds in technology and pharmaceutical manufacturing. The company streamlines supply chain monitoring and leverages collected data to build automated digital ecosystems, powered by IoT sensing, AI and Blockchain technology. A wide range of applications are centered around supply chains of sensitive goods in various industries, by partnering with technology companies such as SAP and AWS, as well as business partners such as Deloitte and Swiss Post.

In addition, Modum wants to create a workplace where the brightest minds unite and take the digitalization and streamlining of supply chains to the next level, offering our customers best-in-class services.

For more information, please visit


Media contacts 

Marc Degen
Chairman of the Board

Caterina Beffa
Head of Communications & Marketing
+41 44 586 89 17


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