Nordic Law assisted Paxos in its change of control process in connection with the acquisition of Membrane Finance. With the change of control process, Paxos received regulatory approval for the acquisition of Membrane Finance, making Paxos a fully licensed EMI in Finland and the EU. Paxos is the leading regulated blockchain and tokenization infrastructure platform that issues trusted stablecoins / e-money tokens.
Nordic Law assisted Equilibrium Ventures in obtaining registration as an alternative fund manager (AIFM). The assignment included project management and assistance in drafting the necessary documents. Equilibrium Ventures invests in early-stage blockchain infrastructure, including scaling technologies. They have launched their first fund, Equilibrium Ventures Fund I.
Nordic Law assisted Ovoro Oy in obtaining a virtual asset service provider (VASP) authorisation and continues to assist Ovoro Oy in achieving MiCA compliance. Ovoro offers an artificial intelligence-based application that automates cryptocurrency trading. Ovoro's service is aimed at early-stage investors who seek easy access to the cryptocurrency markets.