Seward & Kissel represented an entity seeking to establish multiple platforms offering custody of cryptocurrencies.
Establishing an entity that acts as a cryptocurrency custodian required an analysis of a host of state and federal laws and regulations and figuring out how existing laws and regulations, most of which came into existence at a time when paper was the primary medium to document instruments and transactions, would apply to decentralized, disintermediated blockchain assets.
Our client was advised by a team led by partner Paul Clark and senior associate Casey Jennings.