Blockchain and Virtual Currency

On the ChainIn a fast-paced and unprecedented market, companies need a global and agile legal team. Orrick’s Blockchain and Virtual Currency group delivers thoughtful and cutting-edge advice that helps propel the industry forward while providing the legal framework to withstand regulatory scrutiny.

Our pioneering Blockchain and Virtual Currency practice advises enterprise-level companies, startups and financial institutions alike on corporate law, securities law, M&A and finance transactions. We also represent blockchain and virtual currency firms on intellectual property, technology contracting, corporate governance, and venture capital financing transactions. In addition, our strong regulatory and litigation practices provide representation on securities enforcement, litigation, employment, regulatory and compliance matters. This includes advising on:

  • Blockchain networks
  • Exchanges
  • Fundraising, including SAFTs, SAFEs and Preferred Stock financings
  • Token offerings, including ICOs, STOs and ETOs
  • Nonfungible tokens (NFTs)
  • Compliance, including securities law, AML and sanctions
  • Litigation
  • SEC and Government investigations
  • Technology licensing
  • Product development
  • Securitization of digital assets
  • Stable coins and custody
  • Bond issuances and bond tokenization
  • Crowdfunding and fractionalization
  • E-money issuance

We also contribute to legal and regulatory developments through our active participation in blockchain organizations that drive business innovation, including the Global Legal Blockchain Consortium, the Global Legal Blockchain Hackathon, the Mobility Open Blockchain Initiative (MOBI) and the Wall Street Blockchain Alliance, as well as through Orrick's blockchain blog, On the Chain.

  • Artory – An unprecedented collaboration between Artory, the only blockchain-secured registry for artwork, and Christie's, the famed auction house, which was the first major auction house to utilize blockchain technology.

    Coatue – Investment in Axoni’s $32 million Series B raise, led by Goldman Sachs and Nyca Partners.

    Coinbase – Trademark prosecution and trademark dispute resolution, including overseeing a diverse international expansion effort.

    Elastos Foundation – Establishing important precedent in securities class action litigation, we secured an important ruling preserving the removal of certain Securities Act class actions to federal court under the Class Action Fairness Act (CAFA).

    Galaxy Digital – $52.5 million loan purchasing facility and equity investment in cryptocurrency-to-USD lending platform BlockFi.

    Global Fintech Payments Company – Coverage under a crime policy related to bitcoin computer fraud.

    Incubaid – Legal environment for and creation of a dematerialized new currency system.

    Integra Ledger – Along with our client Integra Ledger, we collaborated to launch the Global Legal Blockchain Consortium, which is working toward the standardization, governance and application of blockchain and related technologies in global legal systems.

    Mercy Corps – In its role as a founding member of the Libra Association, which will govern the Facebook-developed cryptocurrency, with respect to the regulation of digital assets, privacy laws and governance.

    Propcoin – Establishment of a crypto property crowd funding platform and their token offering.

    Skew – Establishment of crypto derivatives exchange, including regulatory advice, employment advice, corporate and commercial advice and the drafting of exchange rules and terms of business.

    Wirex – Initial exchange offering of WXT tokens, their first native cryptocurrency that is now available on multiple exchanges. We also advised on Wirex’s regulatory compliance for e-money and payment services.