AlloyX faced the challenge of navigating a complex regulatory landscape, particularly with the Securities and Exchange Commission (SEC) taking stricter actions against the DeFi space. With a team comprising members from various countries, AlloyX needed a lean and flexible corporate and decentralised structure to access primary markets and seamlessly integrate with third-party credit protocols. Additionally, the development of a comprehensive anti-money laundering framework was crucial for the project's compliance.
Englebert's expertise and global network of partners were instrumental in assisting AlloyX. They conducted an extensive analysis of jurisdictions to identify the most suitable location for centralised entities that could support a decentralised protocol. Englebert provided guidance on whitepaper drafting, compliance-focused web copy review, assessment of token features in relation to securities regulations, establishment of a decentralised governance framework, and onboarding with partner protocols. A close, long-term relationship between Englebert and AlloyX's founders enabled a collaborative approach to achieve their commercial goals.
Englebert seamlessly integrated into the AlloyX team, assisting them from ideation to launch. They conducted a thorough jurisdictional analysis and collaborated with legal counsel in the US, BVI, and Cayman Islands to establish appropriate structures. Englebert drafted essential policy documents, developed robust anti-money laundering procedures, provided training, strategic guidance, and facilitated integration with AlloyX's partner protocols.