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Synopsis

Seward & Kissel represented precious metals e-retailer APMEX Inc. and alternative asset manager Sprott Inc. in connection with the launch of OneGold.com, an online marketplace to buy, sell, and redeem digital gold and other precious metals using blockchain technology.

Of note

The successful November 2018 launch required a thoughtful analysis of whether tokenized precious metals involved the issuance of a security, and whether such tokens required the issuer to register with the Securities and Exchange Commission as an investment company.

The Team

OneGold was advised by members of Seward & Kissel’s Business Transaction Group and Blockchain and Cryptocurrency Group, led by partners Anthony Tu-Sekine, Paul Clark, and Nick Katsanos, intellectual property counsel Beth Alter, and senior associate Casey Jennings.

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Author's Assets

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Seward & Kissel LLP | Blockchain & Cryptocurrency Group

Seward & Kissel LLP has been counseling participants in the financial services industry since 1890. Today, our Blockchain and Cryptocurrency Group assists clients with investments in cryptocurrencies and other assets based on distributed ledger technology. Drawing on knowledge from across the firm’s practice areas, we have advised clients on a variety of groundbreaking matters, from structuring security and utility token offerings, advising crypto exchanges, forming crypto custodians, and advising on a range of questions relating to crypto investments and the buying, selling, and trading of crypto assets.