Token Legal Assessment

What it is

• Kick-off meeting: We kick off the process with a 30-60 minute call to ensure we are fully aligned on the tokenomics and the scope of the token assessment.  
• Legal memorandum: You get a detailed written and tailor-made legal assessment of the token in question in line with FINMA’s ICO Guidelines, FINMA practice as well as general Swiss financial market law with a particular focus on the security qualification. Our blockchain lawyers have in-depth experience with any type of tokens, including payment tokens (cryptocurrencies), utility tokens including LP tokens, asset tokens, security tokens, stable coins, non-fungible tokens (NFTs), various DeFi tokens, governance tokens, hybrid tokens as well as native tokens. Also, we take into account all details of the tokenomics, including pre-functional utility tokens, placeholder tokens, burning mechanisms, staking rewards, airdrops, etc. The legal memorandum can serve as a basis for a token launch (ICO, STO, IGO, initial exchange offering) or an exchange listing.  
• Consultation: You can ask all your questions prior to and after the delivery of the legal memorandum. This ensures that we fully understand the project and have clarity on your regulatory requirements. If you are at the structuring stage of your token, see also our token workshop package.  

Who it is for

• This token assessment can serve both token issuers in the context of a token sale or token listing as well as brokers or exchanges looking to offer or list a specific token.  

How long it takes

• It typically takes 5-10 business days to draft the legal token assessment.  

Pricing

• CHF 5’500 flat fee (excl. VAT).

Optional FINMA no-action letter

To get full certainty on the legal qualification, we can obtain a no-action letter from FINMA on the token qualification for an additional CHF 2’500. Please note that this typically takes 2-6 months.