Goldblum and Partners has advised the Swiss investment fund Elpis AG on an Initial Coin Offering (ICO) with a target cap of 20 Million CHF.
Elpis AG is an investment management company that uses a blockchain based asset management platform and an Artificial Intelligence driven system to monitor the portfolio and foresee market trends. Users will be allowed to trade both in cryptocurrencies and stocks.
The ICO will run from April to June 2018. Elpis aims at collecting a target of 20 Million CHF by issuing ELP tokens – a form of utility token.
Goldblum provided legal support in the initial stage of the ICO, drafting all the necessary documents in compliance with the Swiss Law.
The Goldblum team was lead by associate Anna Ledenyova, with support from managing partner Dmytro Pichugin.