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STARTSUNLaw Company

Practice 07 · Digital Capital

Digital Assets & Tokenization

A token is only as strong as the legal right behind it. We build the right first.

We treat digital assets as a new form of capital rather than a separate industry. We advise on linking tokens to real assets and enforceable rights, on the corporate structures behind digital asset projects, and on the regulatory analysis that determines how they can be offered.

Discuss a Project

What we do

Scope of the practice

Real estate tokenization

Structures in which tokens represent interests in a property-holding vehicle, with title, income and transfer rights defined in law, not only in code.

RWA & asset tokenization

Bringing real-world assets — receivables, commodities, funds, private company interests — into tokenized form.

Tokenized securities

Analysis of whether a token is a financial instrument, and structuring of offerings that respect securities rules.

Digital asset & DAO structures

Corporate wrappers, foundations and operating entities for protocols, DAOs and digital asset businesses.

Regulatory analysis

Classification of tokens and activities under the applicable regimes, including MiCA in the EU, coordinated with local counsel.

Investor documentation

Token terms, white papers, subscription and risk disclosures aligned with the underlying legal structure.

Who we advise

Tokenization platforms, asset owners exploring digital distribution, and investors assessing what a token actually gives them.

Typical matters

The kind of work this practice handles.

Illustrative of the matters we advise on — not a list of past engagements.

  1. 01Legal structure for tokenizing a single real estate asset
  2. 02Tokenized interests in a real estate or private credit fund
  3. 03Classification analysis of a token under MiCA and securities rules
  4. 04Corporate structure and foundation for a DAO or protocol
  5. 05Token terms and investor disclosure for a tokenized offering
  6. 06Structuring a tokenization platform's operating and licensing model
  7. 07Due diligence on a tokenized asset for an investor
  8. 08Cross-border distribution analysis for a digital asset offering

Approach

How we approach projects

  1. 1

    Asset first

    We begin with the underlying asset and the rights an investor should hold — the token is how those rights are recorded and transferred.

  2. 2

    Classify honestly

    Regulatory classification is analysed conservatively; we do not design structures whose purpose is to avoid regulation.

  3. 3

    Link law and code

    Legal documents and smart-contract logic are reviewed side by side so they say the same thing.

  4. 4

    Launch & operate

    Investor documentation, onboarding requirements and ongoing compliance once the structure is live.

Focused services

Defined scopes of work within this practice.

Real Estate Tokenization

Legal structures for tokenizing real estate — linking tokens to property interests, income and transfer rights in a way that holds up in law.

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Cross-border capability

Cross-border capability

Digital assets are distributed globally by default, while regulation remains national or regional. We design the structure and coordinate regulatory analysis with counsel in the jurisdictions where the issuer is established and where investors are targeted. No structure can guarantee regulatory approval, and we say so plainly.

Cross-border transactions

Related practices

Significant matters rarely stay within one practice.

08

Fintech & Financial Regulation

Regulatory analysis, licensing strategy, CASP / VASP matters, AML/KYC and compliance frameworks for financial businesses.

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03

Real Estate Investment

Acquisitions, disposals, due diligence, ownership and investment structures, financing and portfolio transactions.

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How to start

Send an enquiry →
  1. 1Send a short enquiryDescribe the project, the parties and the timing in a few lines. No confidential details at this stage.
  2. 2Initial conversationAfter a conflict check, we discuss the scope, the jurisdictions involved and whether local counsel is needed.
  3. 3Written engagementScope, deliverables and fee basis are agreed in writing before work begins.

Discuss a matter in this practice

Share a short description of the project. We will reply to discuss scope, timing and next steps.

Discuss a Project