Digital Asset Clients
Wealthsimple Digital Assets: Advised on the launch of the first digital asset trading platform in Canada to be registered as a restricted dealer under provincial securities and derivatives laws.
3iQ Corp. and The Bitcoin Fund: Led securities regulatory team in successful hearing before the Ontario Securities Commission (OSC) appealing the decision of the Director of the Investment Funds Branch to refuse to issue a prospectus receipt, resulting in the approval of the first publicly-traded bitcoin investment fund in the world.
3iQ Corp.: Led securities regulatory engagement for approval of The Ether Fund (the first publicly traded Ether investment fund in the world) and other privately offered, novel digital asset investment products.
Ether Capital: A publicly traded Ethereum ecosystem investor (NEO:ETHC), in its public offering of common shares and warrants in March 2020, raising C$28 million.
Canadian public-sector pension plan: Advised on first digital asset investment in a prominent Silicon Valley-based digital asset hedge fund.
Blockchain developers: Advise regarding regulatory risks associated with projects, including Layer 1 and Layer 2 protocols, wallets, asset-backed stable coins, video games, non-fungible tokens (NFTs) and proposals to structure token issuances in compliance with securities and AML/ATF regulation.
Canadian and foreign digital asset trading platforms (including exchanges and OTC desks). Have advised numerous platforms on the following matters:
- Responses to inquiries and investigations of the CSA
- Legal opinions and memoranda re: regulatory risk associated with their products and services
- Regulatory engagement strategies (e.g. applications for registration and exemptive relief, global
- Money services business (MSB) registration and compliance under AML/ATF laws
- Negotiations with crypto-asset custodians and other service providers
Other Representative Clients
Wealthsimple Inc., Canada’s largest robo-adviser, on Canadian securities regulatory compliance matters
Leading global wealth manager on its retail-facing Canadian wealth management platform built on the acquisition of a Canadian fintech stock plan administrator
Creative Destruction Lab, a non-profit organization based at the Rotman School of Management at the University of Toronto that delivers an objectives-based program for massively scalable, seed-stage, science and technology based companies
Picton Mahoney Asset Management, a prominent Canadian hedge fund manager, on:
- Picton Mahoney Fortified Alternative Funds, one of the first alternative mutual fund
families in Canada
- Acquisition of Vertex Arbitrage Funds
- Ongoing securities regulatory compliance matters
PE-Gate Inc. in its application for registration as an exempt market dealer in Ontario for the purpose of offering private equity investment opportunities through an electronic communications and recordkeeping portal
Mandeville Private Client Inc. in the launch of WealthPort, an online advice platform
Leading digital wealth manager on the offering of its digital wealth management platform through various distribution channels, including registered advisers, financial planners and insurance advisors
Numerous U.S.-based private equity and hedge fund managers in connection with fund formation and fund distribution in Canada