Pastore attorneys have been immersed in crypto, blockchain and metaverse matters since 2018, and offer knowledgeable and sophisticated legal counsel to clients navigating this rapidly evolving space.
At the heart of Pastore’s crypto, blockchain and metaverse practice is a deep understanding of the technologies that drive blockchain. Pastore is distinctive among leading law firms in this area in having the experience to bridge financial services regulation and blockchain technologies to find solutions for our clients.
Pastore has helped clients in this space organize crypto and defi startups domestically and abroad, manage initial coin offerings, manage utility token offerings, navigate financial regulations domestically and abroad (including the Cayman Islands, Malta, Hong Kong, Japan and Korea), establish compliance programs under US and offshore laws, assert contract rights against foreign token issuers, review exchange listing options and defend FINRA, SEC and DOJ investigations
In particular, Pastore helped defend a client in connection with DOJ and SEC proceedings arising from the issuance of utility tokens for a crypto arbitrage product. Pastore also helped develop a comprehensive compliance program under both US and Cayman Islands law for an insurance defi startup. The firm has further filed a lawsuit on behalf of a US national against a foreign token issuer that refused to honor its contractual obligations when the Pastore client successfully achieved the listing of the tokens on one of the world’s leading crypto exchanges. In negotiations with a prominent AMLaw 100 firm representing the foreign issuer Pastore has achieved a highly favorable settlement that runs in perpetuity.
The landscape for financial products and services integrating blockchain technology is evolving rapidly. We believe that blockchain technology and decentralized apps will be the keys to unlocking the next big leap forward for the Web: the metaverse, a place where augmented and virtual reality, next-generation data networks, and decentralized financing and payment systems contribute to a more realistic and immersive digital world where people can socialize, work, and trade digital goods.
Whether launching funds to invest directly or indirectly in digital assets or creating new coins or tokens in connection with the launch of new distributive networks, clients operating in this area have specialized needs that Pastore, with its financial and blockchain expertise, is particularly well-placed to serve.