Legal

The intricate process of Tokenization for Fragment is currently under review by Lexify. With a suite of Expert Legal & Compliance solutions, Lexify equips both established corporations and emerging startups in the crypto domain to navigate the complexities of legalities and compliance with confidence.

Their consultancy services are adept at addressing the nuances of tokenizing rights or tangible assets, ensuring each project is not only legally sound but also strategically poised for success.

At the heart of their services, for us, Lexify will be instrumental in crafting a No Action Letter for our enterprise. A non-action letter is a letter written by the government or administrative agencies, requested by an entity subject to regulation by that agency, indicating if the private sector is regulated or not.

This critical document serves as a formal request for non-enforcement action to FINMA, the Swiss Financial Market Supervisory Authority, which oversees and enforces financial regulation. By obtaining this letter, we seek to align our operations with the highest standards of compliance, as set forth by regulatory authorities.

Through their meticulous review of our business model, Lexify will provide a robust "legal opinion." This pivotal assessment will affirm our adherence to regulatory expectations, paving the way for us to commence operations straight away with assured legal standing.