April 12, 2019 - Blockchain, Financings, Fintech

SEC Issues Historic No-Action Letter and Releases Framework for “Investment Contract” Analysis of Digital Assets

On April 3, 2019, the Strategic Hub for Innovation and Financial Technology of the U.S. Securities and Exchange Commission (“SEC”) published two pieces of guidance on when a blockchain-enabled digital asset will, or will not, be considered a security. The first piece of guidance …›

February 14, 2019 - Blockchain, Financings, Fintech

Tokenization + the SEC – Part 1

Dario de Martino discusses the real possibilities and opportunities around security tokens, from a business standpoint, the legal perspective, and from a retail investor point of view. Topics include: - What are the advantages of tokenizing securities? …›

February 6, 2019 - Blockchain, Fintech

Transforming the U.S. Healthcare Industry with Blockchain Technology

Patients accumulate vast quantities of healthcare data over the course of their lives. Those data are generally housed in centralized servers operated by various unrelated industry participants, including government regulators and payors, insurance carriers, hospitals, doctors, pharmacies and pharmaceutical companies. Unfortunately, those repositories rely on …›

The Journey from Security to Non-Security: SEC Director Comments on Mutability of Token Treatment

Many in the blockchain and cryptocurrency community were in a celebratory mood on June 14, 2018, following a landmark speech given by William Hinman, Director for the Division of Corporation Finance of the U.S. Securities and Exchange Commission (the “SEC”). Director Hinman’s remarks addressed, …›

March 19, 2018 - Blockchain, Financings, Fintech

Cryptocurrency Compensation: A Primer on Token-Based Awards

These days more and more companies are using virtual tokens to compensate and incentivize founders, directors, employees, and other service providers. For the most part, these token-based awards emulate traditional equity-based awards, but they differ from those awards in some important ways, particularly when it …›