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  • PRACTICE AREAS

DIGITAL ASSETS & CRYPTOCURRENCY FUNDS

Since 2016, we have been at the vanguard of the digital asset and cryptocurrency funds community. We have seen the industry evolve from Bitcoin only funds to a highly sophisticated asset class involving liquid tokens, SAFTs, DAOs, DeFi protocols, NFTs, etc.

We also closely monitor the regulatory environment surrounding digital assets and cryptocurrencies and routinely advise our clients regarding key developments.

DIGITAL ASSETS & CRYPTOCURRENCY SERVICES

Our experience as one of the preeminent digital asset and cryptocurrency practices in the U.S. allows us to provide unique value to our clients, such as the following:

  • Network access: Connecting clients directly to leading service providers in the digital assets ecosystem, including exchanges, fund administrators, auditors and custodians.
  • Regulatory compliance: Navigating the unique regulatory challenges of managing digital asset and cryptocurrency funds, such as compliance with Securities and Exchange Commission (SEC) custody rules.
  • Offshore trading: Preparing debt financing, swap and other agreements between digital asset and cryptocurrency funds and offshore trading vehicles to facilitate access to certain non-US exchanges, SAFTs, etc., as well as advising our clients regarding key legal and business risks with respect to such arrangements in order to help them make informed decisions.
  • Legal review: Reviewing counterparty agreements with exchanges, custodians and other digital asset intermediaries.
  • Current trends: Staying abreast of significant market events and proactively advising our clients in real time (e.g., navigating the FTX fallout).

  • TESTIMONIAL

Kevin and CLG have been fantastic partners for Frictionless Capital. Their diligence and attention to detail stand head and shoulders above their competition. We’d highly recommend the firm and Kevin’s expertise.

– Logan Jastremski, Managing Partner,
Frictionless Capital

INDUSTRY INSIGHTS

DIGITAL ASSETS & CRYPTOCURRENCY

Ripple and Terraform: A Securities Law Framework for Crypto Begins to Take Shape

There has been a flurry of crypto enforcement news recently, including the Securities and Exchange Commission (“SEC”) suing two major crypto exchanges, Coinbase, Inc. and Binance Holdings Ltd. (“Binance”). The Coinba…
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DIGITAL ASSETS & CRYPTOCURRENCY

Client Alert—Coinbase and Binance Lawsuits

On June 6, 2023, the U.S. Securities and Exchange Commission (“SEC”) brought a five-count civil complaint in New York federal court against Coinbase Inc. (“Coinbase”). The complaint alleges that Coinbase operates as a…
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DIGITAL ASSETS & CRYPTOCURRENCY

Client Alert—Silicon Valley Bank

Last Friday, Silicon Valley Bank (SVB) was abruptly closed and designated for receivership with the Federal Deposit Insurance Corporation (FDIC). The closure of the bank is notable because SVB had over $200 billion in…
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