Ensuring business continuity of one of Lithuania’s first and largest ICO projects

Since 2017, senior associate Edvinas Šatas has been managing a complex project aimed at helping our client, Monetha, ensure its business sustainability and the efficiency of its day-to-day operations.

Monetha is developing a decentralized reputation platform for making payments in cryptocurrencies. The company has implemented one of the most successful ICO (initial coin offering) projects in Lithuania. In the autumn of 2017, Monetha raised $36.6 million in a 18-minute ICO.

There was no clear legal definition of this field at the beginning stage of the project. The project concerns a number of legal fields, including evaluation of potential disputes, advising the client on the issues of legal compliance such as money laundering prevention, etc.