As policymakers try to balance their desire to foster innovation with protecting public interest, the sector continues to evolve at a rapid pace. Navigating these waters can be a daunting task, even for those familiar with the industry.
Distributed ledger technologies will play a greater role in solving complex business problems across all industries. While cryptocurrencies – the best-known application of distributed ledger technology – may serve as a digital exchange of value – they are also serving as the "building blocks" of other applications. Companies, along with a number of government agencies and state governments are exploring and applying these technologies to:
- administer medical records
- trace products in supply chains
- enable energy trading
- permit assets such as energy, land, and water to be disaggregated into tokenized mini-assets
- create smart contracts
We advise companies across the entire FinTech industry, including, trading and clearing, lending, financial information services, retail and consumer banking, bill payment, money transfer and remittance, crowd funding, and non-fungible tokens.
Companies need to understand the legal and regulatory considerations as they develop and implement these technologies.
Our team leverages the firm’s depth of experience to help clients harness the potential of distributed ledger technology while mitigating related risks.