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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

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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.

Russian Knowledge Partner

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 handle some of the largest and most complex and demanding transactions. We advise our clients in many areas of law, including: dispute resolution in Russia and abroad, International Arbitration and Litigation, M&A and Corporate, antitrust issues, criminal law, intellectual property, restructurings and insolvencies, international trade and customs, tax, real estate and construction, banking and finance, energy and natural resources, environmental and technical regulation, marine and transport law, pharmaceuticals and healthcare and others.

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, 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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