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Cryptocurrency & Blockchain


Fasken has a leading practice that analyzes trends and helps clients innovate.
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Overview

Blockchain is a highly disruptive and rapidly developing platform, presenting unique opportunities and challenges for almost every industry. Whether they are start-ups and early stage entrepreneurs, or large organizations and financiers interested in blockchain technology, our clients look to Fasken for guidance and insight on how to adapt to the changing business landscape. 

Fasken is at the forefront of this revolution, offering our clients cutting-edge legal advice on complex new blockchain issues, as well as underlying benefits of the technology. Through our extensive experience in fintech, medtech, edtech, cleantech, healthcare, gaming, apps, B2B, B2C, hardware and software, we recognize the impact that blockchain may have for the numerous industries in which our clients compete.

That is why we formed Fasken's Blockchain and Cryptocurrency Taskforce, offering strategic and financial business advisory services to help clients:

  • Understand the current impact of the "blockchain boom"
  •  Identify market opportunities for businesses within the blockchain space
  • Be aware of legal and compliance issues, particularly in areas like initial coin offerings (ICOs)/token sales and privacy
  • Safely navigate emerging regulations, like the securities law requirements placed on coin/token offerings by Canadian and American regulators
  • Incorporate digital currencies, smart contracts and blockchain technology into your business plans and operations
  • Create operational practices and policies that minimize the risks associated with adopting, investing in, or doing business with companies using blockchain-enabled technologies

We think the biggest technology change since the Internet is worth talking about. We are sensitive to the nascent stage of regulation of the industry and communicate often with regulators in Canada and other crypto-leading nations to help ensure our clients can successfully navigate the evolving regulatory landscape.

Fasken is a leader in emerging trends and technologies that impact our clients' businesses, anticipating the needs of tomorrow by investing in solutions today. Our Firm is one of the first founding members of the Global Legal Blockchain Consortium (GLBC), and an initial member of enterprise software firm R3's Legal Center of Excellence (LCoE).

Team

Primary Contacts
  • Mike M. Stephens, Partner, Vancouver, BC, +1 604 631 3162, mstephens@fasken.com
  • M. Craig G. Brown, Partner | LEADER, INDIA PRACTICE GROUP, Toronto, ON, +1 416 868 3411, cbrown@fasken.com
  • Daniel Fuke, Partner, Toronto, ON, +1 416 865 4436, dfuke@fasken.com
  • Kosta Kostic, Partner, Montréal, QC, +1 514 397 7458, kkostic@fasken.com
  • Jonathan Halwagi, Partner, Montréal, QC, +1 514 397 5226, jhalwagi@fasken.com

Client Work

  • Parallel Studios raises US$35 million in financing from investors including Coinbase Ventures and the Solana Foundation, [Deal - Parallel Studios], Developer of blockchain-enabled video games secures significant bridge financing including high-profile web3 industry participants.
  • Portals raises US$2.5 million in seed financing and seed extension, [Deal - Portal Technologies], Web3 protocol aggregator announces closing of seed extension round, bringing total seed capital to US$2.5 million.
  • Voyager Digital Ltd. files for chapter 11 proceedings under the Companies’ Creditors Arrangement Act, [Deal - Voyager Digital Ltd.], Publicly traded cryptocurrency platform commences CCCA proceedings.
  • Shakepay Inc. becomes the first Quebec-based crypto asset trading platform to be registered as a restricted dealer in Canada, [Deal - Shakepay Inc.], Following clarifications published by regulators as to the requirements applicable to crypto asset trading platforms (CTPs) operating in Canada, Shakepay Inc. decided to seek registration.
  • Aux Cayes Fintech Co. Ltd. settles with OSC over registration requirements, [Case - Aux Cayes Fintech Co Ltd], Seychelles-based company reaches settlement.
  • Publicly-traded global Bitcoin mining company sought guidance from Fasken on a complex specialized knowledge intra-company transferee work permit application to grow its U.S. operations, [Case - Confidential Client], Publicly-traded global Bitcoin mining company sought guidance from Fasken on a variety of immigration matters, including a complex specialized knowledge intra-company transferee work permit application to grow its U.S. operations.
  • Lighthouse closes C$9.1 million initial seed funding to build a search platform for the Metaverse, [Deal - Lighthouse], Following this transaction, Lighhouse aims to build what it describes as “the open metaverse navigation engine” for blockchain-based virtual worlds.
  • Crypto finance company closes bitcoin mining equipment finance deal, [Deal - NYDIG ABL LLC]
  • Bitzero Blockchain Inc. completes US$46 million private placement offering, [Deal - Cantor Fitzgerald Canada Corporation], ESG-driven cryptocurrency mining and ESG mining pool company completes US$46 million private placement offering.

Knowledge

Events

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