SAFT Agreement Setup for Private Token Sales

Services
Industries
Industries

LEXR is specialized in delivering customer-focused legal services for businesses.
Pricing
Free Resources
Resources

Free legal resources to help you start or run your business in Switzerland.
Company
Company

LEXR is specialized in delivering customer-focused legal services for businesses.
- About Us
- Customer Stories
- Team
- Careers
- Partners
Contact
+41 44 544 13 30 Our operating hours are 9:00-17:00 Mon-Fri

Please select your location and language below.

How to fund the development of your project or raise money for other needs

With a simple agreement for future tokens (SAFT), you can collect the necessary funds to extend the runway to build your product. Our crypto and blockchain experts help you draft and execute a SAFT agreement tailored to the vision and timeline of your project.

A straight-forward process to complete your SAFT funding

1

Kick-off call

In our first kick-off call, we explain the structure and key variables of the SAFT agreement and gather all necessary information for our first draft.
2

Contract drafting

We draft your personalized SAFT agreement with the key variables derived from our workshop. The draft and any open questions you and your team have will from the basis for our expert session.
3

Legal expert session

We hold an expert session with the relevant stakeholders from your side, potential buyers if you wish, and our legal and token experts. We review the document together, answer all your open questions and discuss potential changes.
4

Final Document

Any changes to the draft will be implemented by us and, if needed, the remaining questions are clarified. After that, we will send you the finalized document and you can start raising money.

Setup flat fees

What is included:

SAFT agreement time tested and tailored to the needs of your project, drafted and reviewed by multiple legal experts.
Kick-off and legal expert session where our experts will guide you through the process and ask the right questions, explain different scenarios and key legal concepts and make specific recommendations on the terms, KYC and all related issues.

Who it is for

Any developer, team or initiator of early-stage blockchain and crypto projects looking to raise funds and issue a token down the line.

How long it takes

2-3 weeks.

Pricing

CHF 3’500 (excl. VAT).

Frequently asked questions about Private Token Sale

What is a SAFT?

A SAFT – simple agreement for future token – is a contract to raise funds for the development of a project in return for future tokens. The SAFT lays out in detail the terms for the purchase amount, the number of future tokens to be delivered to the buyers, the time of delivery etc. A SAFT can be compared to more traditional financing instruments such as simple agreements for future equity (SAFE) or convertible loans.
What is the benefit of using a SAFT?

SAFTs are often the first step for early-stage crypto, blockchain, DeFi and web3 companies to collect the necessary capital for the development of their products. Later on, projects will usually go on to raise additional funds through a public ICO/IDO/IEO etc.
Are SAFTs only for qualified/accredited investors?

Under Swiss law, the private placement of tokens as well as the issuance of a SAFT is not limited to qualified investors. KYC is either necessary or highly recommended, depending on token type, and some restrictions apply to the nationalities of investors.

LEXR – the blockchain experts since day one

Our blockchain lawyers are true crypto experts – we have not only assisted a wide range of customers with the legal analysis of their DeFi projects and token launches, but we also have the technical expertise, e.g., as keyholders in the wrapped BTC on the Tezos blockchain (https://tzbtc.io/) and privately interact with tokens and DeFi protocols regularly. Some of our clients:

Bitcoin Suisse
Tezos
Bitmain
matrixport
Aktionariat
Unix
Gro
Ecoo
StakingRewards
Splint Invest

About us

We’re a growing team of 30+ legal professionals. Some of our experts include:

1

Christian is an entrepreneur and lawyer with a focus on the intersection between technology and law. He regularly speaks, publishes, and advises on blockchain-related topics and is specialized in financial market regulation.

Christian Meisser, CEO & Legal Expert
2

Florian advises clients in the fields of Blockchain, DLT, Digital Assets, and FinTech, predominantly focusing his practice on financial market regulation and corporate law matters. He also lectures on legal and compliance issues related to Digital Assets, DLT, and DeFi.

Florian Prantl, Senior Legal Counsel
3

Silvan is our tax counsel. He specialises in corporate taxation of fintech, asset management and crypto and has substantial experience in the setup of investment funds, management companies, banks and structured ICOs, stable coins as well as more traditional financial instruments.

Silvan Amberg, Tax Counsel
4

As a Junior Legal Counsel in the FinReg team, Andrin focuses on advising companies on matters regarding blockchain, DLT, digital assets and FinTech.

Andrin Hold, Junior Legal Counsel