CommerceBlock token was an ERC-20 token based on the Ethereum blockchain that powered the CommerceBlock platform. The platform will provide a combination of trust minimal trade, decentralised contract execution and on-chain derivatives allowing anyone to build and use financial products and services historically reserved for commercial banking customers. On September 2020, CommerceBlock [announced](https://blog.commerceblock.com/token-migration-e983bafb90c6) the decision to migrate its CommerceBlock Token (CBT) from an ERC20 to an ERC1404 security token. This will result in the current CBT tokens exchanged for a new security token which will represent shares in CommerceBlock Holding Limited (CBH), a UK incorporated company which owns 100% of CommerceBlock Limited. CommerceBlock has retained [Crowd For Angels(UK) Limited](https://crowdforangels.com/), an FCA regulated crowdfunding platform to facilitate the token swap, who has partnered alongside CommerceBlock on many projects, will be managing the token swap.
