Canada: Blockchain Cryptocurrency And FinTech

Last Updated: August 23 2019
Article by Geoffrey Cher

Blockchain Industry Expertise

Distributed ledger technology (DLT) and DLTs built as blockchains have received extensive attention in recent years as many industries are considering the possible applications of these new technologies. As these technologies advance, they will have a profound impact on anti-money laundering and counter-terrorist financing regimes, and securities and tax legislation with future impacts to areas such as consumer protection and the basic principles of contract law.

Wildeboer Dellelce was one of the first professional services firms to announce that it will accept digital currency towards the payment of its legal fees, subject to standard commercial practices.

Leveraging our expertise across all disciplines of the firm, including regulatory, corporate finance and securities, and tax, the firm provides advice relating to blockchain and distributed ledger technologies, digital assets including cryptocurrencies, initial coin offerings (ICOs) and initial token offerings (ITOs).

Wildeboer Dellelce lawyers are thought leaders in this sector and are frequently called upon to speak at industry events due to their blockchain industry knowledge and expertise.

FinTech Industry Expertise

FinTech has disrupted the traditional financial services sector and expanded opportunities for technology-focused start-ups and new market entrants in the sector. The "FinTech revolution", while exciting, requires caution in navigating the regulatory and practical risks associated with new innovative technologies and platforms.

Wildeboer Dellelce is uniquely positioned to assist emerging and established FinTech companies traverse evolving legal frameworks. Our firm has represented a variety of industry participants, including digital advisers, digital lenders and other alternative finance platforms as well as mobile payments and deposits, consumer finance companies and a variety of financial sponsors engaged in this sector.

The firm acted for Lendified Inc.'s Vault Circle, the first digital lending platform to be granted an exempt market dealer (EMD) licence by the Ontario Securities Commission.

Blockchain, Cryptocurrency and FinTech Mandates and Recent Activity

ESPORTS & EGAMING Breakfast and Networking Event – Wildeboer Dellelce partners with Digital Finance Institute to host a panel event on August 13, 2019 as part of Canada FinTech Week. Led by Partner, Geoffrey Cher, the event provides a high-level overview on the current esports boom and its landscape in Canada and Worldwide.

The Institutionalization of Crypto Assets & the Future of Capital Markets Event – Wildeboer Dellelce LLP partners with SigOne Capital to host panel event on April 25, 2019 as part of Toronto Blockchain week. The panel discusses major opportunities and challenges that they expect in 2019, including regulation, fund raising, security tokens, custody and more. Click here for more information on the event.

Toronto Digifest – sponsor of Toronto Digifest, a 3 day conference hosted by George Brown College from April 25-27, 2019.

Canadian Fintech 3.0 summit – sponsor of the 4th annual Canadian Fintech 3.0 Summit from April 15-17, 2019.

2019 Fintech & Financing Conference (FEARLESS) – attends the 5th annual Fintech and Financing conference hosted by the National Crowdfunding & Fintech Association of Canada and partners from April 3-4, 2019.

Framework Venture Partners Fund I LP, a new Canada-focused technology venture capital fund, launch $150 million fund in December 2018. (Acted on behalf of the Fund).

2nd Annual Blockchain Conference - On April 24, 2018, Partner Geoffrey Cher spoke on regulation at the 2nd Annual Blockchain Conference at MaRS.

Blockchain Dynamics Acquired by CryptoGlobal Corp. - On April 6, 2018, Blockchain Dynamics Inc., a service platform offering security, custodial services, trading and staking across a diversified base of cryptocurrencies, was successfully acquired by CryptoGlobal Corp. Wildeboer Dellelce LLP acted for Blockchain Dynamics.

Bradmer Pharmaceuticals Inc. completed a $305M private placement financing in February 2018 and entered into arrangement agreements between Bradmer, Galaxy Digital LP and First Coin Capital. (Acted for the agent).

"Decrypting cryptocurrency" interview by Listed Magazine, Winter 2017 edition with Partner Geoffrey Cher.

HIVE Blockchain Technologies completed $34.5M bought deal financing in November 2017 and $30M bought deal financing in October 2017. (Acted for the underwriters).

Blockchain and Crytocurrency Symposium - On November 22, 2017 Geoffrey Cher hosted the firm's Fintech Panel and industry speakers on latest developments in the regulatory and industry framework around Blockchain and Cryptocurrency technologies. Click here for more information on the event.

FinTech Leadership Series - The Future of Financial Services in Self-Driving Cars / FinTech Integration Breakfast - Led by Geoffrey Cher, Wildeboer Dellelce hosted on April 5, 2017 its second in a series of breakfast leadership discussions co-hosted with the Digital Finance Institute, a Canadian FinTech think tank, to discuss the nexus between FinTech, Machine Learning and Self-driving cars.

Canada's 1st National Artificial Intelligence Conference - Geoffrey Cher speaks at Canada's 1st Annual National Artificial Intelligence Conference hosted by the Digital Finance Institute, a Canadian FinTech think tank, at Toronto's National Club on March 29, 2017.

Canadian 2nd Annual FinTech Awards 2016 Winner - Hosted by the Digital Finance Institute, a Canadian FinTech think tank, the FinTech Awards celebrates Canadian innovation and thought leadership in FinTech. The 2016 Professional Services Award was accepted by Geoffrey Cher at an Awards gala presentation held at the Fairmont Royal York, Toronto on November 21, 2016.

FinTech Leadership Series - The Regulator Sandbox Breakfast - Wildeboer Dellelce hosted the Digital Finance Institute's second dialogue discussing the Regulatory Sandbox and the Ontario Securities Commision's LaunchPad. The leadership guest, Kosta Peric, deputy director at the Bill and Melinda Gates Foundation, credited as one of the chief instigators for the global "regulatory sandbox" initiative and the chief architect of the worldwide network for the SWIFT payment system.

2nd Annual FinTech Conference - Geoffrey Cher, moderated a panel on Financing Your Fintech Start up at the 2nd Annual FinTech 2016 in Vancouver.

Lexpert - Geoffrey Cher quoted in Lexpert article on Lendified Inc.'s Vault Circle EMD licence.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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