January 31st, 2022 | Lykke Security Token and Next Steps

As of today, Jan 31, 2022, users can no longer trade the LKK and trigger the LKK1Y and the LKK2Y tokens.


Lykke is migrating LKK, LKK1Y and LKK2Y to a Lykke security token where token holders have full shareholder rights. The advantage of a security token is a possibility of listing it on a security token exchange. As an immediate step of migration Lykke has had to terminate all LKK trading on the platform. LKK holders will continue to have access to their token over the UK wallet.

In spring, Lykke Corp will launch a new custody wallet, where the Lykke share token will be custodied and it is only then that the actual migration of the LKK tokens to the actual share token will happen. Currently, no action needs to be taken.


The conversion of the LKK token to the share will be performed according to the original Lykke Whitepaper which stipulates that a share is equal to 100 LKKs. The LKK1Y and LKK2Y will be equated to the LKK and converted into the security token.


There will be a separate guide on what steps the coin holders will need to perform in order to receive the shares when the wallet is released.