fbpx Skip to content

Legality Review of a SAFE Investment with a Token Warrant

D’Light has advised a client in the field of acceleration and early-stage investment in the field of Web 3.0 on the entire investment process. The client wanted to receive an initial investment in the form of a Simple Agreement for Future Equity (SAFE) yet intended to grant its investors the right over the token, whose issuance would authorize the investors to exercise voting rights in the decision-making of the client’s future investments.

Although many web 3.0-based global projects combine SAFE and Token Warrant/Grant recently, Korea’s various regulations and restrictions on token investment, management, and issuance prevent the utilization of such structure in Korea.

In this regard, D’Light proposed a possible investment structure within the legal scope and helped the client successfully finalize the investment based on our Web 3.0 and M&A expertise.

Share on facebook
Share on twitter
Share on email