SAFT agreement for token issuance, core legal advisory from Law firm Veat.

Law firm Veat drafted SAFT (Simple Agreement for Future Tokens) contracts and amendment contracts on behalf of overseas virtual asset issuance (ICO) companies.

SAFT contracts are mainly contracts necessary for allocating tokens to early investors in the virtual asset issuance process. The contract, which proceeds in the form of conditionally promising tokens to be issued in the future, presents the potential for growth of the virtual asset project to investors and provides a stable legal foundation.

In particular, Law firm Veat's virtual asset team added amendment contracts that reflect token refund conditions that may vary depending on each investor, providing more detailed and customized legal advice.

SAFT Contract, Why You Need a Virtual Asset Lawyer

SAFT (Simple Agreement for Future Tokens) contracts are one of the fundraising methods related to virtual assets and cryptocurrencies, and are mainly prepared for the purpose of early investors pre-purchasing and investing in tokens to be issued in the future.

The company receiving investment can first use the funds for the business and pay the tokens to the investors when the tokens are issued. Therefore, the company receiving investment has the advantage of being able to diversify risk until the tokens are actually issued. On the other hand, investors obtain investment profits depending on the success of token issuance, so they provide funds with expectations for business success.

These cryptocurrencies have different legal requirements and regulations in each country, and especially SAFT contracts must include compliance requirements related to AML (Anti-Money Laundering) and anti-corruption.

Therefore, we assist in drafting fair contracts that reflect the opinions of both investors and issuers, ensuring that no disadvantageous conditions are included, and help to coordinate important matters such as token refund conditions and equity, and to comply with legal requirements, with the help of a virtual asset lawyer.

Law firm Veat is a boutique law firm trusted domestically and internationally in legal advice regarding IT, blockchain, and virtual assets. Based on a high understanding and legal knowledge of blockchain business, it demonstrates strong expertise in areas such as virtual assets, blockchain-based services, and NFT digital assets.

As the virtual asset market is constantly changing in terms of regulations and legal environment, Law firm Veat continuously acquires the latest legal knowledge and provides the best solutions for clients to manage uncertainty in the virtual asset field.

If you need legal advice regarding SAFT and other virtual assets and blockchain businesses, please contact Law firm Veat.

Thank you.

Law firm Veat