Blockchain
2024.04.05
Opinion on White Paper on Securitization of Tokens Used in Platforms
Service area
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.