Category: Financing

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Are tokenized assets the securities of tomorrow? How securities can be tokenized

Tokenized securities can offer new benefits

Tokenized securities provide a new wrapper for known assets to expand markets and improve liquidity. For regulators, this is less a new product than a new distribution channel that is easier to approve.

Companies, investment banks, asset managers, funds, stock exchanges and investment platforms are already benefiting from the possibilities offered by tokenization. The benefits are many: faster processes through digitization, reduced costs and more efficient intermediaries, and global portability. Be one of the pioneers in your industry and take advantage of it today!

Tokenization also has the potential to transform markets, open investment to a wider range of global investors, and foster innovation in new products. It is because of their digital nature that security tokens can represent not only ownership of traditional assets such as publicly traded stocks or bonds, but also traditionally illiquid assets such as private placements, real estate or art.

Securities can be tokenized

Keep in mind that some decentralized exchanges do not trade tokenized stocks. Instead, they trade in something called a “synthetic asset” or “synthesizer.” These are tokens designed to mirror the performance of other assets. But they are not directly related to actual stocks like token stocks.

Another problem is lack of liquidity. Liquidators only guarantee that they will buy the asset if they get a good price and can resell the tokenized asset on the secondary market. In crypto markets, these liquidations can be fully automated. There are still no trading venues that provide sufficient liquidity for digital securities.

In recent years, financial institutions have devoted significant resources to technology projects aimed at turning securities into tokenized assets. A tokenized asset is a digital representation of value or ownership.

Tokenized securities are not legal securities

The SEC claims that all tokenized securities must be registered. Tokenized shares issued without registration are considered illegal. In the past, the agency has taken legal action against Paragon and AirFox tokens for noncompliance.

The bottom line is this: while there may still be some legal grey areas in cryptocurrency regulation in general, this is not the case for tokenized stocks. According to the SEC, these tokens should be regulated like regular stocks. Exchanges that offer trading services for these tokens will likely be subject to the same regulations as traditional broker-dealers.

Tokens issued by companies in lieu of shares have the same properties and functions and are therefore securities. This means they must comply with registration and submission requirements. This has led to a Security Token Offering (STO), which is more or less the same as an Initial Coin Offering (ICO), with the additional caveat that the entity issuing the token acknowledges that the token represents equity, and therefore securities.

Consider tokenization when evaluating a business opportunity.

The first thing you need to do is decide what you want to tag. It is best to choose an asset that already has a significant market because you know the price range and can price the coin correctly. If your property is not very popular and it is difficult to appraise it yourself, consider requesting an appraisal from an accounting firm.
In the traditional financial world, investment barriers can be very high. Think about the amount of investment required to buy a property or art. Through tokenization, we can lower the minimum investment threshold, allowing even small retail investors to diversify their portfolios and gain access to exclusive markets that were previously only available to large investors and far beyond their reach.
The answer to “Is tokenization the future” depends largely on the question of trust. Trust issues are common in tokenization. It is important to note that the creator of the token cannot act as a regulated financial institution. As such, the security of an asset is unlikely to be documented, limiting its effectiveness in court.
Tokenize assets by issuing digital tokens.
If you want to know how to tokenize assets, you first need to understand the role of smart contracts in converting real assets into digital assets. Digital tokens backed by underlying assets are managed and executed using smart contracts. The terms of the agreement between the parties are inserted into lines of code that already exist on the blockchain network, making the smart contract a self-enforcing and self-enforcing contract.
One of the biggest doubts surrounding you right now has to be the definition of asset tokenization. Asset tokenization is basically the process of representing real tradable assets on a blockchain network as tokens. This type of token, also known as a “security token,” is generated through a security token offering or STO (a variation of an initial coin offering). Security tokens can represent financial instruments, tangible assets and intellectual property.
Our goal is to provide a tool to create new pathways and flows in the marketplace by using tokenization as a bridge between real assets and digital business opportunities. We have powerful technology and streamlined processes, so our clients don’t have to worry about how transactions work or the security of transactions, they only need to think about earning passive profits and real performance associated with tokens – Digitization and Tokenization of World Wealth .

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Finanțare PNRR: Ghidul pentru Digitalizarea IMMurilor, lansat spre consultare publică

Beneficiari eligibil: întreprinderi, societăți reglementate de Legea societăților nr. 31/1990, republicată, cu modificările și completările ulterioare, care se încadrează în categoria de IMM și au sediul social în România.

Activitățile sprijinite în cadrul investiției/operațiunii:

  • achiziții de hardware TIC;
  • achiziții de echipamente pentru automatizări și robotică destinate fluxurilor tehnologice, integrate cu soluții digitale;
  • dezvoltarea și/sau adaptarea aplicațiilor software/licențelor, inclusiv soluțiile de automatizare software de tip RPA, respectiv Robotic Process Automation;
  • achiziții de tehnologii blockchain;
  • achiziții de sisteme de inteligență artificială, machine learning, augmented reality, virtual reality;
  • achiziționare website de prezentare;
  • achiziția de servicii de tip cloud și IoT;
  • instruirea personalului care va utiliza echipamentele TIC;
  • consultanță/analiză pentru identificarea soluțiilor tehnice de care au nevoie IMM-urile etc.

Buget apel: alocarea pentru acest apel, corespunzătoare secțiunii deschise este de 347,5 milioane euro.

Categorii de cheltuieli eligibile în cadrul acestui apel de proiecte, sunt:

  1. cheltuieli aferente achiziționării de servicii de consultanță pentru elaborarea proiectului;
  2. cheltuieli pentru managementul proiectului;
  3. cheltuieli cu servicii de consultanta/analiza pentru identificarea soluțiilor tehnice de care are nevoie IMM-ul, cu condiția ca soluțiile tehnice identificate și descrise în documentația tehnică realizată, să facă obiectul investițiilor din cadrul proiectului aferent cererii de finanțare;
  4. cheltuieli aferente achiziționării de hardware TIC,  de echipamente pentru automatizări și robotică integrate cu soluții digitale și a altor dispozitive și echipamente aferente, inclusiv pentru E-commerce, IoT (Internet of Things), tehnologii blockchain etc., precum și cheltuieli de instalare, configurare și punere in funcțiune;
  5. cheltuieli aferente realizării rețelei LAN/WiFi;
  6. cheltuieli aferente achiziționării și/sau dezvoltării și/sau adaptării aplicațiilor/licențelor software, cheltuieli pentru configurarea și implementarea bazelor de date, migrarea și integrarea diverselor structuri de date existente, pentru gestiune financiară, gestiunea furnizorilor, resurse umane, logistică, cheltuieli pentru implementarea RPA (Robotic Process Automation), ERP (Enterprise Resource Planning), CRM (Customer Relationship Mangement), pentru sisteme IoT (Internet of Things) și AI (Artificial Intelligence), tehnologii blockchain, soluții E-Commerce etc. și  integrarea acestora in BTP (Business Technology Platform), acolo unde este cazul;
  7. cheltuieli aferente achiziționării unui website de prezentare a companiei;
  8. cheltuieli aferente achiziționării/închirierii pe perioada de implementare și durabilitate a proiectului, a unui nume de domeniu nou;
  9. cheltuieli cu servicii de trecere a arhivelor din analog/dosare/hârtie în digital indexabil;
  10. cheltuieli aferente achizițiilor de servicii de tip Cloud Computing pe perioada de implementare și durabilitate a proiectului;
  11. cheltuieli aferente achiziționării de servicii pentru consolidarea securitatii cibernetice aplicabile pentru software/găzduire/rețele, pe perioada de implementare și durabilitate a proiectului;
  12. cheltuieli cu serviciile de auditare tehnică (IT și DNSH);
  13. cheltuieli cu instruirea personalului care va utiliza echipamentele TIC (cheltuială obligatorie în procent de maxim 10% din valoarea finanțată).

Pentru detalii ne puteți contacta completând formularul de aici. 

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Best Assets to Tokenise on blockchain, best marketing strategies for Assets Tokenisation

There are a number of assets that could be tokenized on the blockchain.

Nonetheless, many corporations are eager to participate in this lucrative market, and billions of dollars in assets have already been “tokenized”. We appear to be only scraping the surface of what might become one of the decade’s most important enterprises. Furthermore, trillions of dollars in real-world assets can be tokenized, and there aren’t many reasons not to do so if clear regulatory requirements are in place.

Effectively, any valuable asset (tangible or not; real or financial instrument) can be tokenized. The resulting digital asset can be considered a coin (or cryptocurrency, which serves as mediums of payment) or a token (digital representation of a tradable asset or utility).

Since investors will be acquiring tokens representing a proportional part of a given asset, they can interact with these tokens by acquiring more from other token owners or selling them to third parties. We are using ERC20 tokens which allow the investors to withdraw their tokens from the platform, and store them in their personal wallets, or use them to interact in other platforms or markets. Our goal is to provide endless possibilities to our investors, so please review the “Blockchain technology and asset tokenization” section to learn about technology and the ERC20 token.

Assets can be monetized through marketing strategies.

Asset tokenization can create new business and social models, such as share ownership of the property itself or of the rights belonging to it. For example, different people owning tokens of a house located on the beach, can now decide when a token owner can go and stay in said house. This is a disruption in the business model, since several people own the same house, or the rights associated with it. Therefore, they can establish when they can use it for themselves or make a profit if they decide to rent the house at times when no token owner is using it, or because they have simply decided that it is better to have a return by renting the house in a continuous way. This example also serves as an example as to how it creates a new social model since one same asset is shared by various individuals who might not share any connection between them except owning tokens of the same house. We are used to owning something only by ourselves, and we must pay for it in its entirety. With asset tokenization a shared economy is built, where just by owning a part, we can still enjoy benefits that a full ownership can provide such as the possibility of using the assets or obtaining profits that come from them.

Asset tokenization of real estate assets is very much alike to taking a private business public. An investor can acquire tokens of a property and become an owner of the tokenized property in the proportion of tokens acquired from all the tokens available. By acquiring these tokens, the investor will have a right to the property’s profits, which will then be distributed to all token owners on a pro-rata basis. For instance, if you own 1% of a tokenized property, you will receive 1% of the property’s profits on a periodic basis.

In its purest definition, an asset is a valuable resource owned by someone or something which represents a good (e.g., land, patent) or contractual agreement (e.g., financial instruments, such as cash, stocks, equity, bonds or derivatives), and which can be used as means of exchange or investment.

Assets can be traded on secondary markets.

How will assets be traded in secondary markets? To ensure the trading of security tokens only on regulated marketplaces, a set of regulations is needed. We are looking at procedures to guide ownership, private valuations, AML/KYC, investors, etc. Also, these requirements can significantly vary from jurisdiction to jurisdiction.

The situation of the art market is a good entry point into the issue of investing in and exchanging of non-bankable assets. Art collections are notoriously illiquid and the sale of a work of art on the market is generally 100% (although there are cases of shared ownership collections). Associating a piece of art with securities or tokens (e.g. issuing tokens at 0.01% of the artwork value) makes it possible to reduce the investment ticket at will. Importantly, small ticket size is a sine qua non condition for the emergence of a liquid market for collectors and investors that does not require the sale of the entire asset. The different solutions available to the market participants are then:

Businesses can find a listing on Securitize Markets, following the issuance process. The Securitize Markets give you a primary marketplace as well as the flexibility for secondary trading. Investors could easily purchase and sell newly generated digital securities. Most important of all, Securitize is easily the most popular asset tokenization platform with the accreditation of SEC and FINRA.

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CRM, ERP, Project management, Document Management, Secure Blockchain infrastructure

Blockchain is a digital, decentralized, and encrypted database that is best known as the underlying technology for cryptocurrency. However, many other applications of blockchain have been discovered, such as cyber security, government systems, and healthcare. Essentially, blockchain has many uses that are still being discovered. Blockchain is a new way of managing data that is increasing in popularity among businesses and governments.

The most important feature of a blockchain is its decentralization- every unit of data is stored on every node on the network simultaneously and cannot be changed or deleted. This makes it very hard to corrupt or delete data from a blockchain. Additionally, since blockchain is encrypted, all data stored on it is inaccessible without the proper security keys. This means that private blockchains are more secure than public ones. It also means that blockchain is more secure than other IT infrastructure like virtual computers.

Blockchain has a lot of potential in the fields of finance and banking. Many banks are using blockchain to transfer money internationally at a faster rate and with greater security. Furthermore, companies can use blockchain to store and manage their financial records. This saves time and money by reducing the amount of paper documents required to run their business. Furthermore, there are several ways to transfer funds with greater security when using blockchain in this way.

Many businesses are exploring how to apply blockchain technology to various industries. The food industry is particularly excited about the possibilities- it can use the technology to track food from farm to table in an effort to prevent product contamination and adulteration. Other industries exploring how to use blockchain include health care, supply chains, property ownership, and marketing campaigns. Essentially, blockchain infrastructure is a growing field with many possibilities that we have yet to explore in depth.

Currently, many businesses are finding great uses for blockchain technology in cybersecurity and other industries. Providing transparency and security to transactions will revolutionize how governments and businesses operate in the future. Private blockchains are more secure than public ones. The main advantage of using a private blockchain compared to a public one is accessibility and security- anyone with permission can access the data on a private blockchain whereas only authorized individuals can access data on a public one. Since data cannot be accessed without the correct keys, private blockchains are inherently more secure than public blockchains because they’re inaccessible without the correct keys.

Blockchain is more secure than other IT infrastructure like cyber security or cloud storage. – Blockchain provides greater levels of security compared to cyber-security programs or cloud storage since it’s both accessible and secure by design. – Blockchain provides transparency and security through decentralized storage of information- making it an ideal solution for any type of data storage. As far as we know right now, there’s still so much potential when it comes down to how we can apply this technology in different ways; it’s something we’ve only just begun exploring properly. We have yet to discover all the uses for this revolutionary technology that has revolutionized our way of thinking over the past few years.

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Tokenised Real Estate Projects, the benefits of fractional investments platforms

Real estate investments are a lucrative career choice for many people. However, the market is dominated by long-term loans that few people choose to take up. Tokenized real estate innovations allow anyone to make money off rental properties with minimal effort. Plus, investors gain access to a wider range of real estate options through the platform. They also gain access to security deposits that help manage risk during negotiations.

Most real estate investment transactions involve long-term loans. This limits the number of potential investors in this field. Fortunately, tokenized platforms allow anyone to invest in real estate without hassle. Investors can purchase fractions of real estate without committing wholeheartedly to any of them. This allows for a higher return on investment without limiting their choices. Additionally, fractional investments make it easy for investors to diversify their portfolios. Real estate is a lucrative market choice for many reasons when compared to other investments.

Investors can also choose from a wider range of available real estate property options through tokenised platforms. These allow for easy and quick property purchases and sales. All of the properties available through these platforms are prime real estate locations in major metropolitan areas. This makes it easy for experienced and knowledgeable investors to find profitable properties quickly. Plus, it eliminates the need for long sales processes when selling properties. This allows developers and real estate agents more time to find buyers for their properties and increase their profits.

Many new investors fail to fully understand the risks involved in real estate investments. Tokenized security deposits help manage risk during negotiations with landlords and property owners. These deposits help newbies identify problematic areas in an apartment building’s interior before purchasing it outright. Tenants who live in the building can also request extra deposit money from landlords before leasing property in problematic areas. This helps newbies identify problems before buying property in those areas.

Real estate is an expensive asset class that many people would love to invest in. The current market is dominated by long-term loans that few people choose to take up. Tokenized platforms allow anyone to make money off rental properties with minimal effort, thanks to fractional investments and property options. Tenants and landlords can also request extra deposit money from newbies when leasing property inside problematic areas. This helps newbies mitigate risk when leasing property inside problematic areas. Fractional investments are a great way for anyone to make money off real estate!

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How Tokenisation can revolutionise the Global Economy, what are tokenised assets


1. What are tokenised assets?

2. Why should you care about them?

3. What are the benefits of tokenising your assets? How can you get started?

Tokenised assets are digital shares that can be bought and sold on a blockchain-based platform. They offer a more secure and efficient way of buying and selling assets, as well as a greater degree of transparency. Tokenised assets have the potential to revolutionise the way we buy and sell assets. By making use of blockchain technology, they offer a more secure and efficient way of buying and selling assets, as well as a greater degree of transparency. If you’re looking for a more secure and efficient way to buy and sell assets, then tokenised assets could be the way to go. With the added bonus of greater transparency, they’re definitely worth considering.


Tokenisation is a process of turning physical assets such as real estate, land, and securities into digital representations that can be traded on a blockchain.

In easy to understand terms, tokenization is the process of converting any rights or assets into a digital token that can then be used, owned and transferred by the holder through a blockchain, without the need for a third-party intermediary. Roland Berger & Keyrock’s study focuses specifically on investment tokens, which can offers its holder the same voting rights, rights to future cashflows,… as traditional shares or bonds can do, but in a digitalized form, allowing the ownership of these assets to be kept up to date via a decentralized ledger.

Tokenization is the process of issuing a token that digitally represents tradeable assets. Any asset with real-world value such as art, commodities and real estate is tradeable once it is converted into a digital representation in the form of a token. These tokens are issued through security token offerings (STO) and can then be traded on a secondary market such as cryptocurrency exchange.

Generally speaking, a token is a representation of a particular asset or utility. Within the context of blockchain technology, tokenization is the process of converting something of value into a digital token that’s usable on a blockchain application. Assets tokenized on the blockchain come in two forms. They can represent tangible assets like gold, real estate, and art, or intangible assets like voting rights, ownership rights, or content licensing. Practically anything can be tokenized if it is considered an asset that can be owned and has value to someone, and can be incorporated into a larger asset market.

Tokenised assets are digital representations of physical assets.

With an immutable record of ownership, tokenized assets allow for improved traceability and transparency. Each record is documented on an immutable shared ledger that contains the whole history of activities performed over an asset. This ensures that relevant parties have a clear view of the updated ledger of ownership records.

Tokenized assets allow faster transactions with less administrative burden. Through the use of smart contracts, many cumbersome manual processes can be automated and streamlined, while the clearing and settlement processes can become simplified and more efficient.

Some of the earliest examples of tokenized assets include items such as bottles of wine, jewelry, and even pills. Such types of items are generally included in the supply chain from products to consumers. So, it is easier to track the items in real-time for identification and prevention of possible uses in negative purposes.

The potential for tokenisation to revolutionise the economy.

Tokenisation will offer new economic models, lower the cost of trading, will enable faster transactions, make assets liquid (as long as there are sufficient, regulated secondary exchanges), allow regulation to be embedded in it and offer one global market instantly. It could even result in multiple monetary systems (replacing or supplementing the US Dollar as the world currency). The opportunities are enormous.

As it is clearly noticeable, tokenization will have a promising impact on creating the future economy of everything. The growing digital wave is slowly prompting the need to execute almost every real-world activity on digital platforms. So, the tokenization of real-world assets could bring assets to the digital platform with better promises for including more participants.

The token economy can present effective promises for introducing a financial world characterized by improved efficiency, inclusivity, and fairness alongside transparency in transactions for asset management. The use of tokens can help in reducing the friction associated with creating, purchase and sales of securities. The following benefits for sellers and investors with tokenization could show how the process can induce the economy of everything.

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Pentru IMM-uri și Startup-uri: soluții complete CRM, ERP, echipamente și servicii IT&C, necesare digitalizării activității curente

Programul de Digitalizare se adresează IMM-urilor care doresc să obțină finanțarea nerambursabilă. Acest program sprijină activitatea digitală a IMM-urilor non-TIC prin:

  • Achiziții de  hardware TIC, dispozitive și echipamente corelate cu implementarea proiectului;
  • Activități aferente realizării rețelei LAN necesară pentru implementarea proiectului;
  • Achiziționare şi/sau dezvoltare şi/sau adaptare a aplicațiilor software/licențelor necesare implementării proiectului, configurării şi implementării bazelor de date, migrării şi integrării diverselor structuri de date existente, inclusiv soluții de automatizare software de tip RPA, respectiv Robotic Process Automation;
  • Procurare de website de prezentare a companiei (maxim 10.000 lei);
  • Achiziție de nume de domeniu nou ”.ro”;
  • Achiziția soluției de semnătură electronică;
  • Trecerea arhivelor din analog/dosare/hârtie în digital indexabil;
  • Achiziționarea de aplicații informatice specifice pentru persoanele cu dizabilități;
  • Soluții IT pentru comerțul electronic;
  • Servicii de tip cloud şi SaaS (Software as a Service);
  • Servicii de găzduire, incluzând toate tipurile de servicii de găzduire, cu excepția pachetelor de reseller;
  • Servicii pentru consolidarea securității cibernetice aplicabile pentru software/ găzduire/ rețele;
  • Servicii de consultanță/analiză pentru identificarea soluțiilor tehnice de care au nevoie IMM-urile;
  • Achiziționarea de servicii de consultanță pentru elaborarea documentațiilor necesare pregătirii aplicației de proiect propusă spre finanțare și / sau managementul aplicației de proiect;
  • Cheltuieli de instruire a personalului responsabil cu utilizarea și mentenanța produselor implementate / achiziționate.

Pentru firmele specializate în IT care aduc o inovație, valoarea finanțării este cuprinsă între 1 si 6 milioane de Euro.

Cheltuieli eligibile pentru firmele din domeniul IT:

  • Cheltuieli aferente achiziționării de hardware TIC, dispozitive și echipamente aferente (inclusiv cheltuieli de instalare, configurare, punere în funcțiune), justificate din punct de vedere al implementării aplicației de proiect. Sunt excluse elemente de mobilier care nu au legătură cu funcționarea produselor/aplicațiilor informatice implementate prin aplicația de proiect;
  • Cheltuieli aferente realizării rețelei LAN necesară pentru implementarea aplicației de proiect;
  • Cheltuieli aferente achiziționării si/sau dezvoltării aplicațiilor software/licențelor necesare implementării aplicației de proiect, configurarea și implementarea bazelor de date, migrarea și integrarea diverselor structuri de date existente;
  • Cheltuieli aferente achiziționării/realizării unui website de prezentare a companiei;
  • Cheltuieli aferente închirierii unui nume de domeniu nou “.ro” direct de la furnizorul național de domenii “.ro”;
  • Cheltuieli aferente închirierii soluției de semnătură electronică;
  • Cheltuieli aferente achiziționării de aplicații informatice specifice pentru persoanele cu dizabilități;
  • Cheltuieli aferente achiziționării soluțiilor IT pentru comerțul electronic;
  • Cheltuieli aferente achiziționării de servicii de consultanță pentru elaborarea documentațiilor necesare pregătirii aplicației de proiect propusă spre finanțare și/sau managementul aplicației de proiect (inclusiv elaborarea documentațiilor necesare implementării aplicației de proiect);
  • Cheltuieli aferente instruirii personalului care va utiliza produsele implementate/ achiziționate și cel care va asigura mentenanța;
  • Cheltuieli de achiziție a serviciilor de auditare intermediară/finală, financiară (conform reglementărilor naționale în domeniul financiar-contabil) și tehnică (din perspectiva corespondenței rezultatului aplicației de proiect cu aplicația de finanțare și obiectivele POC).
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PNRR Educație – Ghidul pentru intervenții educaționale inovative a intrat în dezbatere publică

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Broșură ANAF privind tratamentul fiscal al veniturilor realizate de persoanele fizice din transferul de monedă virtuală

Tratamentul fiscal al veniturilor realizate de persoanele fizice din transferul de monedă virtuală

Veniturile realizate de persoanele fizice din transferul de monedă virtuală reprezintă venituri impozabile și le sunt aplicabile prevederile Cap. X „Venituri din alte surse” din Titlul IV – ”Impozitul pe venit” din Codul fiscal1.

Veniturile impozabile cuprind atât veniturile în numerar (care presupun o remuneraţie financiară), cât și cele în natură (spre ex. produse, servicii, călătorii etc.)2.

1 Art. 114 alin. 2 lit. m) din Legea nr. 227/2015 privind Codul fiscal cu modificările și completările ulterioare 2 Art. 10 din Legea nr. 227/2015 privind Codul fiscal cu modificările și completările ulterioare

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