Frequently asked question
Can you set up a Cayman Foundation for a DAO or token project?
Web3 & Digital Assets
Bell Rock supports Cayman foundation formation and ongoing governance for DAO, protocol and token projects. A foundation can continue without members if the statutory conditions are met, including the supervisor requirement. Its constitution should define decision-making, delegated powers, supervision and implementation of community votes. Foundation status does not remove securities, VASP, AML or other obligations, or automatically protect every project participant.
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Related definition: Cayman Foundation Company.