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Blockchain

2024.04.05

Opinion on White Paper on Securitization of Tokens Used in Platforms

The client requested Cha & Kwon Law Offices to advise on the introduction of A tokens (virtual assets) on a platform operated by a platform operator. 

 

A token is used as a payment method to use various services provided by the platform and is paid as a reward for users' community activities. In addition, A token has various token economies, such as acting as a governance token that allows users to make decisions on platform operations. Depending on its economy, a token may constitute a security, in which case it is subject to the Act on Capital Markets and Financial Investment Business. 

 

Cha & Kwon Law Offices focuses on the token economy and provides clients with the necessary advice by examining the securitization of tokens.