Legal support for Web3 projects: licensing of DAO, DeFi, NFT, and Layer 1/Layer 2 blockchain initiatives

Legal support for Web3 projects: licensing of DAO, DeFi, NFT, and Layer 1/Layer 2 blockchain initiatives

  • VASP licensing in the UAE, Switzerland, and the Cayman Islands
  • Legal structuring of management entities for DAOs
  • Token classification under securities law analysis

Unlock your options — consult with an expert today

About the service

99% of Web3 projects launch without a proper legal structure. The result: bank account freezes, exchange delistings, regulatory fines, and personal liability for founders.

Mirsatori builds long-term legal architecture for DAOs, DeFi protocols, and NFT platforms. We help clients select the right jurisdiction, obtain VASP licenses, structure tokens, and ensure compliance in target jurisdictions — from legal analysis through operational launch.

Why Web3 projects choose legal structuring

Typical Web3 project mistakes and their consequences

Mistake 1: “A DAO does not need licensing”
  • Misconception: A decentralized structure is exempt from regulatory requirements.
  • Reality: Regulators pursue participants in unlicensed projects. The U.S. Securities and Exchange Commission has taken enforcement action against DAO founders operating without an appropriate legal structure.
  • Solution: Use legal wrappers for DAOs (foundations, companies, associations) to protect participants from personal liability.
Mistake 2: “Offshore incorporation solves everything”
  • Misconception: Registering a company in the Cayman Islands or Panama resolves all legal issues.
  • Reality: Banks refuse to open accounts, exchanges require licenses, and regulators block operations. An offshore entity without a well-designed legal architecture is only an illusion of protection.
  • Solution: Implement multi-layer structuring: an operating company, a token issuer, and an IP holding entity in appropriate jurisdictions aligned with the business model.
Mistake 3: “We’ll deal with legal issues after launch”
  • Misconception: Launch first and acquire users; legal issues can be addressed later.
  • Reality: Fixing legal mistakes at later stages may cost 10–50 times more. Some decisions cannot be reversed after token launch.
  • Solution: Design the legal framework at the idea stage: jurisdiction selection, token structure, and compliance procedures — before the smart contract is written.
Mistake 4: “A utility token is not regulated as a security”
  • Misconception: If a token is labeled as a utility token and does not promise profit, it is not a security.
  • Reality: Regulators may classify many tokens as securities regardless of how they are labeled. Consequences may include fines, delisting, and investor restitution obligations.
  • Solution: Conduct a token classification analysis under securities laws in the target jurisdictions and structure the token to minimize regulatory risk.
Get a basic guide to the legal structuring of Web3 projects

Get a basic guide to the legal structuring of Web3 projects

  • Comparison of jurisdictions for DAOs and DeFi: capital requirements, timelines, and tax treatment
  • Step-by-step roadmap for obtaining VASP licenses in the UAE, Switzerland, and offshore jurisdictions
  • Launch checklist: from choosing the legal structure to implementing compliance procedures
Get the guide

For which projects legal structuring is essential

DeFi Protocols and Decentralized Exchanges

Protocols for trading, lending, and asset management (DEXs, lending protocols, yield aggregators). Without a proper legal structure, exchange listings, institutional fundraising, and banking relationships are generally not feasible.

DAOs and Governance Protocols

Decentralized autonomous organizations used to govern protocols, investments, or communities. Legal wrappers protect participants from personal liability and provide legal legitimacy for governance decisions.

Blockchain Infrastructure and Cross-Chain Solutions

Layer 1/Layer 2 blockchains, bridges, oracles, and non-custodial wallets. A sound legal architecture is essential for attracting venture financing and onboarding institutional partners.

Get a detailed consultation on licensing for your Web3 project

Get a detailed consultation on licensing for your Web3 project

Submit an application to discuss the requirements for your business model, the applicable 2026 regulatory framework, and your projected launch budget

Unlock your options — consult with an expert today

Comprehensive support for Web3 projects

Mirsatori working process

Mirsatori working process

Calculate the budget for the legal structuring of your Web3 project

We will prepare a full cost estimate, including company incorporation in the selected jurisdictions, formation of required share capital, obtaining VASP licenses, implementation of compliance procedures, and launch support. We will provide a realistic budget for your DeFi, DAO, or NFT project.

Get an estimate
Investment plan

Media coverage

imidaily

Mirsatori's team examines the reasons behind the rush of European HNWIs to Dubai, from low taxes, safety, business opportunities, and more. Below, we explore 5 of the most important and compelling...

msn

According to Andris Kaushelis, General Manager of the international law firm Mirsatori, modern legal mechanisms allow you to build an asset ownership structure that only shares information with...

travelandtourworld

Spain is one of the few countries where the government has officially defined the term “innovation” and incorporated it into Law 28/2022, “On the Development of the Startup Ecosystem.”

FAQ

Get expert guidance
on your case

Schedule a meeting with our specialists, in-office or online, and receive a tailored case analysis, a clear cost estimate, and the best solution to achieve your goals.

Mirsatori

Fill out the form to schedule a meeting in the office or online

×
Prefer messengers?
Homepage Telegram WhatsApp Call now
  • Corporate services
  • Legal services
  • Financial services
  • Residence permit
  • Citizenship
  • About us