The 10 Leaves Group, one of the region’s leading bespoke consultancies, will now accept crypto payments for their blockchain-related services and solutions.
With this, 10 Leaves becomes the first consultancy of it’s kind in the region to accept cryptocurrency payments, thus opening up their services to a wider audience of pioneers in businesses that work with Distributed Ledger Technology applications.
The UAE’s recent focus on blockchain, coupled with the exciting announcements of DIFC implementing a Digital Assets Regime and DWTC signing up with Binance, is expected to bring in hundreds of startups that operate in the Defi (decentralised finance), DApps (decentralised applications) and NFT (Non Fungible Token) space.
10 Leaves, through it’s technology arm Tenl Technologies, has built up excellent capabilities in these sectors. From fintech advisory, regulatory sandbox consulting to tokenization and legalities of smart contracts, the 10 Leaves Group is poised to advise it’s clients on blockchain-related implementations and regulatory licensing across DIFC, ADGM, DWTC, DMCC, Bahrain and Europe (Luxembourg and Lithuania).
“Dubai has demonstrated it’s vision by focusing on new technologies, and as a consultancy with over 17 years in the business, we aim to complement the leadership’s efforts in supporting entrepreneurs and visionaries who will shape our lives in the years and decades to come”, said Rohit Ghai, Founder of 10 Leaves. “Our crypto-related solutions will help startups and established players in this niche space to navigate nascent and complex regulatory requirements, while staying competitive and compliant.”
“We aim to build an ecosystem of web3-related stakeholders”, added Soumen Ghosh, who has joined the 10 Leaves Group as Partner-Technology. “This includes everyone from early adopters, to startups, tech providers, investors and regulators…to encourage conversations that will lead to contributing towards making the UAE a hub in the blockchain and crypto space.”
Consultations on structuring fintech businesses in the UAE and Saudi Arabia. Starts with advice on holding structures, share vesting plans, investor and founder legal packs. In case of regulated fintechs, we also advise and assist in authorisations from the relevant financial regulators.
Sectors – Money Service Businesses, Open Banking, Robo-Advisory (passive, automated and hybrid), crowdfunding platforms (investment, loan-based, property) and decentralised applications (DeFi and Blockchain-based solutions).
Regulators – UAE Central Bank, Emirates Security and Commodity Authority, Dubai Financial Services Authority (DFSA/DIFC), Financial Services Regulatory Authority (FSRA/ADGM) and the Central Bank of Bahrain.
Regulated licenses – Electronic Money Institutions (EMI), Payment Institutions (PI), Crowdfunding Platforms, AISP/PISP, Automated Investment Advisors and Asset Managers
Regulatory Sandbox Consulting
Approach and structuring of regulatory sandbox licenses in the DIFC (Innovation Testing License, or ITL) and the ADGM (Fintech Reglab).
Sectors – Money Service Businesses, Robo-Advisory (passive, automated and hybrid), tokenized crowdfunding platforms (investment, loan-based, property) and decentralised applications (Blockchain-based solutions).
Regulators –Dubai Financial Services Authority (DFSA/DIFC), Financial Services Regulatory Authority (FSRA/ADGM) and the Central Bank of Bahrain.
Regulated licenses – Electronic Money Institutions (EMI), Payment Institutions (PI), Alternate Trading Systems (ATS), DeFi, Blockchain-based regulated fintech
Blockchain and Crypto
Compliant Token Design, Crypto asset Product Design, Jurisdictional Scoping, KYC/AML Policy Development for Crypto asset Products, Privacy and Data Protection Compliance Strategy for Crypto asset Products
Corporate Structuring – Holding structures, IP vesting, ESOPs, Investor on-boarding, customized Articles, Legal documentation
Assistance in incorporation
Jurisdictions – Dubai International Financial Centre (DIFC), Abu Dhabi Global Market (ADGM), Dubai World Trade Centre Free Zone (DWTC), Dubai Multi-Commodities Centre (DMCC), Luxembourg
a. Tokenised Crowdfunding Licensing.
c. Crypto-asset Licensing.
d. Crypto-asset Facility Licensing – MTF, OTF.
e. Crypto Trading Platforms.
f. Crypto-related advisory and asset management permissions.
a. Crypto-asset Purchase Agreements.
b. Crypto-asset Terms and Conditions.
c. Key Features Documents for Security Tokens.
d. Private Placement Memorandums for Tokenised Funds.
e. STO Prospectuses.
f. Simple Agreement for Future Tokens (SAFT).
g. Privacy Notices.
Tokenisation of Assets
Legal and technical consultancy services on tokenization of physical or digital assets such as securities, real estate, financial assets, luxury goods, art, and initial public offerings. Assistance in legal documentation, compliance framework for the offering and selection of suitable jurisdictions.