Result
Token sale launched on schedule
The compliance package was ready before listing, and no regulatory objections arose at launch.
The client’s task
The client planned to launch a token sale and enter the European market, but did not know which MiCA requirements applied to it or how to build compliance before launch. The difficulty was that the product combined features of a utility token and a payment service, and the time left before listing was limited.
Challenges and risks
- Uncertain classification of the token under MiCA
- No ready-made AML/KYC procedures
- Risk of regulatory objections and a blocked listing due to incomplete compliance
What we did
- Carried out a legal review of the product and classified the token
- Prepared the white paper and token sale documents
- Developed an AML/KYC policy
- Prepared agreements with the platform and investors (SAFT/token warrant)
- Supported communication with the regulator and counterparties
Facing a similar task? Tell us about it and we will reply within one business day.