Token pre-sale agreements are a popular type of financing instrument among start-ups in the blockchain space. Latham & Watkins attorneys explore the initial impact of SEC v. Kik on the use of token pre-sale agreements and...more
9/6/2019
/ Automated Convertible Note (ACN) ,
Blockchain ,
Capital Formation ,
Capital Raising ,
Enforcement Actions ,
Popular ,
Pre-Sale Agreements ,
Private Sales ,
Publicly-Traded Companies ,
Securities and Exchange Commission (SEC) ,
Securities Transactions ,
Securities Violations ,
Security Token Offering (STOs) ,
Simple Agreement for Future Tokens (SAFT) ,
Startups ,
Token Sales
Latham & Watkins has collaborated with ConsenSys to launch the Automated Convertible Note to help startups raise capital using a traditional financing instrument with an eye toward a future distribution of tokens.
In...more
5/28/2019
/ Capital Raising ,
CFTC ,
Commodities ,
Commodity Exchange Act (CEA) ,
Convertible Notes ,
Financial Instruments ,
Most-Favored Nations ,
Securities ,
Securities Exchange Act ,
Startups ,
Token Sales