Highlights: Stablecoins are likely to be characterized as general intangibles under the UCC of non-Article 12 states....more
2/25/2025
/ Blockchain ,
Business Entities ,
Choice-of-Law ,
Collateral ,
Cryptoassets ,
Cryptocurrency ,
Digital Assets ,
Financial Services Industry ,
FinTech ,
Limited Liability Company (LLC) ,
Loan Agreements ,
Regulation ,
Secured Debt ,
Securities Regulation ,
Stablecoins ,
Uniform Commercial Code (UCC)
The following article is part four of our series on the 2022 Amendments to the UCC. You can find the previous articles here. Our last article explored the amendments to the main definition of “money” in Article 1 of the UCC....more
At the bottom of the stack in investment fund structures, there are generally “real” assets—things like equity interests in portfolio companies, mortgage loans, commercial receivables, maybe even bricks and mortar. Fund...more
6/28/2024
/ Asset Management ,
Blockchain ,
Collateral ,
Cryptocurrency ,
Digital Assets ,
Equity ,
Financial Markets ,
Financial Services Industry ,
Financing ,
Investment Funds ,
Investors ,
Perfected Security Interest ,
Securities ,
Uniform Commercial Code (UCC)
The official drafting committees of the Uniform Commercial Code have promulgated proposed amendments (the “2022 Amendments”) to address transactions with certain digital assets, notably adding a new Article 12 on Controllable...more