As with more traditional stocks and shares, the laws of economics prevail over Initial Coin Offerings (ICO). Correct tokenomics, defined as the design of the token ecosystem, can quite simply make the difference between a successful ICO and one that fails to raise the capital required.

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It is difficult to find an advisor capable of providing sound guidance in tokenomics mainly as it is a new skill no older than a couple of years. E&S Group is the first corporate and legal firm in the world to tokenise its streams of income. Our multi-disciplinary team consists of financial experts, accountants and business advisors whose skills are all necessary to provide sound advice and assist with a broad range of services. Services include:

  • Advice on token price for your project
  • Advice on the token quantity for your ICO
  • Assistance on allocation of funds
  • Assistance and advice on the necessary token distribution
  • Determining your soft and hard cap for your ICO
  • Assistance with the lock-up options that may be required by your ICO


"According to our experience, E&S Consultancy team is made up of well-trained and skilled professionals who are always there to satisfy your business needs with reference to Maltase law. Their work is well organized and carried out in a precise and timely manner. I look forward to continuing my cooperation with E&S Consultancy."

Giorgio Crotta & Marco Compagnino - FIDINAM & Partners

Key Contacts

Accounts and Tokenomics Associate

Corene Ellul

Corene obtained her Master’s Degree in Accountancy at the University of Malta. She joined E&S Group in 2016 and besides other tasks, she is one of the main contact points for liaising with international clients and assisting clients with matters related to Tokenomics.

Corene is fluent English, Italian and Maltese.

Phone:+356 2010 3020

Chief Executive Officer

Karl Schranz

An accountant by profession, Karl spent 10 years working for a reputable audit firm in various audit roles before joining JP Morgan Chase in London in 2005, specifically working in Credit Hybrid Derivatives. He then returned to Malta to head the corporate finance arm of a local audit firm. In 2009, together with Christian, he was one of the founding members of a Corporate Services Provider in Malta, leaving to set up E&S Consultancy in 2010. Karl heads E&S’ ICO and Tokenomics department, however, his competences include advising and assisting in all MFSA licensing processes, accountancy, Token structuring, iGaming, and all aspects of corporate finance.

Karl is fluent in English, Italian, Maltese.

Phone:+356 2010 3020

Chief Financial Officer and Director of Accounts

Antonella Lia

Antonella, obtained a Master Degree in Accounting from the University of Malta in 2015, and has furthered her studies by obtaining a Professional Certificate in Taxation in 2017. She has been working with E&S Group since 2012 and presently manages the Accounts Department as Director of E&S Back Office Services Ltd. Her main areas of practice are Corporate Tax, VAT, as well as the preparation of Financial Statements for companies from various industries including aviation, gaming, shipping, manufacturing, financial and other services.

Antonella is fluent in Maltese, English and Italian.

Phone:+356 2010 3020

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