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Danilov & Konradi Advises on the World’s First Tokenized Cryptocurrency Index

Danilov & Konradi Advises on the World’s First Tokenized Cryptocurrency Index

Russia
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Danilov & Konradi has advised CRYPTO20 on the launch of the world’s first tokenized cryptocurrency index and its October 16, 2017 initial coin offering (ICO). 

According to Danilov & Konradi, "CRYPTO20 has seen a robust start to the ICO period with over 3,000 international backers and more than USD 6 million in total funds raised to date." The ICO will close on November 30, 2017.

According to D&K, "CRYPTO20’s ICO introduced a new cryptocurrency paradigm based on an autonomously managed 'cryptocurrency portfolio' where participants can buy a single C20 token, which holds balanced positions in the top 20 cryptocurrencies as underlying crypto assets. The groundbreaking index, optimized using data science principles, offers investors a way to track the performance of the crypto markets by holding a single crypto asset, the C20 token, while providing full blockchain transparency through secure smart contracts."

Danilov & Konradi’s advice covered international legal, tax, and government compliance matters, securities regulation, the legal token purchase agreement, white paper review, and corporate legal matters.

“CRYPTO20’s ICO was unique in several ways,” explained lead attorney Brian Konradi, who led his firm's team on the deal. “The CRYPTO20 team had already built their platform before going to the market, but they were needing to incorporate legal advice prior to their launch. Together with their advisory group partner BLOCK512, we were excited to help guide the CRYPTO20 team through the legal aspects of launching an entirely new kind of token.”

Konradi was joined on the D&K team by Andrei Danilov, Lyudmila Merkulova, and Peter Khokhlov.

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Founded in 1993, Egorov Puginsky Afanasiev & Partners is the leading full-service law firm in the CIS with offices in Russia, Ukraine and Belarus and associated offices in the UK, the USA and Cyprus.

We advise its clients in many areas of law, including: dispute resolution in Russia and abroad, corporate law, M&A, antitrust issues, project finance and PPP, restructurings and insolvencies, energy and natural resources, property management and privatization, environment, technical regulation and industrial safety, banking and finance, intellectual property, criminal law, real estate and construction, taxation, family and labour disputes, marine and transport law, and international trade and customs.

We combine high academic qualifications, internationally acknowledged moral and ethical values, senior partners' professional experience and practical abilities with the vigour and knowledge of younger attorneys that enables thus providing clients with reliable, first-class service according to both Russian and western standards through a flexible structure.

All News about, and Legal Analysis by, Egorov Puginsky Afanasiev & Partners can be found here.

Firm's website: www.epam.ru

 

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