CoursesToken Legal Structures: From Issuance to Ongoing Compliance
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Token Legal Structures: From Issuance to Ongoing Compliance
Legal design of token offerings — the difference between utility, security, and governance tokens; Reg D/A+ exemptions; token purchase agreements; SAFTs; and emerging global frameworks.
2 modules · 9 lessons10 hoursBy FTH Trading
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Course Modules
Module 01
4 lessonsToken Classification
How tokens are legally classified
1
The Howey Test Applied to Digital Tokens
25m
quiz
2
Utility vs. Security vs. Commodity Classification
22m
quiz
3
Governance Tokens and the Voting Rights Issue
20m
quiz
4
Safe Harbor Proposals: Evaluating Token Sufficiency
18m
quiz
Module 02
5 lessonsOffering Structures
How to legally issue tokens
1
SAFT: Simple Agreement for Future Tokens
20m
quiz
2
Regulation D, A+, and Crowdfunding Exemptions
25m
quiz
3
Token Purchase Agreements and Vesting Schedules
22m
quiz
4
Offshore Structures: Cayman, BVI, and Singapore
20m
quiz
5
Post-Issuance Compliance and Ongoing Reporting
18m
reading
Topics Covered
Compliance
Tokenization
Governance