Cha&Kwon Law Offices provided legal opinion on issuing utility tokens. If utility tokens are distributed as a reward for any activities within the platform, meticulous examination based on the white paper is mandatory because tokens will not be considered as securities under the Capital Market Act.  

Based on the white paper provided by the project, Cha&Kwon Law Offices examined whether the token issued by the project falls under financial investment instruments or securities based on the Capital Market Act. As the purpose of token publishing or user’s token usage varies for each project, we provide objective legal opinion based on our abundant expertise and work experience.  

Cha&Kwon Law Offices provide firsthand legal opinion not only in Korean but also in English.