Walkers' Guide to Token Issuances, DAOs and Foundation Companies in the Cayman Islands

Since the inception of Walkers' Global Fintech Group in 2017, the virtual assets and blockchain sectors have grown materially and become increasingly sophisticated. In response to the demand from our clients we have worked on a wide range of mandates in this space. We have continually been at the forefront of innovation in this area and have advised our clients on how to navigate through the complex legal and regulatory issues that frequently arise. As a result we have obtained significant experience in advising clients on their journey from a small team looking for seed capital through to a fully decentralised operation.

In this guide we will consider the most common roadmap which we see used in connection with blockchain based projects. We will then look at some of the key questions which we regularly advise our clients on. These relate to why the Cayman Islands is the best choice for these types of projects, why foundation companies are increasingly used as legal wrappers for decentralised autonomous organisations ("DAOs") and how to undertake a token issuance in the context of the Virtual Assets (Service Providers) Act (the "VASP Act"). We will also consider the key service providers which need to be engaged to facilitate the structures discussed below.

 

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CAYMAN ISLANDS
Melissa LimPartnerT +1 345 814 4512melissa.lim@walkersglobal.com

DUBAI
Tom CochranePartnerT +971 4 363 7913tom.cochrane@walkersglobal.com
Tom HaggerSenior AssociateT +971 4 363 7950tom.hagger@walkersglobal.com

HONG KONG
Colm DawsonPartnerT +852 2596 3357colm.dawson@walkersglobal.com
James GadenPartnerT +852 2596 3433james.gaden@walkersglobal.com

LONDON
Sara HallPartnerT +44 (0)20 7220 4975sara.hall@walkersglobal.com

SINGAPORE
James TwiggPartnerT +65 6603 1699 james.twigg@walkersglobal.com

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