I've checked your
https://stasis.net/eurs/. I do understand use cases and they of course make sense. How it works however is too complicated. I understand that it is hard to explain, however there are some terms that just don't have an explanation good enough. Like for example security? What do you mean exactly by that term?
On this page, by securities we mean financial instruments, as in
https://www.investopedia.com/terms/s/security.asp We plan to be able to tokenize not just fiat money, but assets like options, bonds, futures, swaps... You just bring us some stocks, we store them in our reserves and issue for you as much EURS as they are worth.
Thank you for the answer.
Tokenize securities? From traditional sectors?
For example, I come to you with a stock of Apple. Let's say that atm the Apple worth is 200 EUR. I put stock in to your reserve and you give me 200 EUR forever? What if that stock price drops? Will you be keeping them or selling instantly?
Storing them means that you are exposed to a market risk, thus your business is basically also depended on your financial/investment knowledge. I wouldn't want to "sell" you security for EURS and see you fail because, you haven't sold enough stocks in your reserve. You default and my EURS are worthless.
I've consulted my colleagues, here is more accurate information:
We can mirror your stock on the blockchain and issue the crypto version of your stock to you. It is not EURS.
The tokenized stock is backed by actual one in our custody. Hence, there’s never a price inconsistency between the two.
And if I sell my tokenized stock or it gets stolen, is than the owner of that actual stock a person that holds the tokenized stock? If that person comes to claim the original stock, you just give it to him?
Secondly, why would I want to use that service to create a tokenized stock, if I have a "normal" one in my possession? I can't think of an example, when would I have the need for this service.
No one other than you can claim the rights to your asset because we would want a proof of ownership through a KYC procedure.
regarding your second question, there are in theory lots of reasons to tokenize stock, lots of ideas of what to do with it, but there is no infrastructure to implement these possibilies yet. We are building the tokenization platform, this is our part. Other parts of infrastructure are being built by companies that chose to develop them. We take the part of tokenizing your stock -- safely, transparently, with legal complience, and so on -- and you decide what to do with it
Tokenization is, in fact, converting rights to an asset into a digital token. After that, you are supposed to operate your asset through operating tokens, which gives you all the benefits of the blockchain everybody talks about: transparency, the removal of intermediaries, hence higher transaction speed and lower fees, expanded range of potential counterparties (in traditional finance, certain groups of investors have problems accessing certain types of markets, like, people from Asia have a lot of trouble trying to invest in American real estate), and so on.
so no way for me to buy eurs from them... 
