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OpenLaw will be launching the first limited liability for-profit DAO, named the LAO. The LAO will enable members to invest in Ethereum new ventures and generate a profit. A new era of DAOs is beginning.

The LAO: A For-Profit, Limited Liability Autonomous Organization

Since first proposed in 2013, the notion of decentralized autonomous organizations (DAOs) has animated the dreams of blockchain developers. For many, these Internet-native organizations represent the next step in the evolution of social and economic coordination, with blockchain technology and smart contracts streamlining voting, decision making, and the allocation of digital assets.

The notion of a DAO did not emerge in a vacuum. Instead, these organizations build on a long lineage of technical and legal innovation. The Romans devised a variety of commercial entities, such as the societas peculium and societas publicanorum, that enabled parties to share in an enterprise’s profits and losses while also providing limited liability. During the Middle Ages, Italians pioneered early versions of a limited partnership to finance maritime trade. Joint-stock companies emerged in England and the Netherlands in the 1600s, providing organizations state-granted monopolies to engage in productive commercial enterprises. The modern corporation took root in the United States in 1811, when New York granted private parties the power to form their own corporate structures without an extensive approval process. Weiterlesen

Today OpenLaw is releasing its second vertical OpenLaw Finance. With OpenLaw Finance creating legally compliant tokenized securities, fixed income products, tokenized real estate, and smart derivatives can be as easy as filling out a simple form. The future of decentralized finance is coming into focus powered by OpenLaw.


Ethereum holds out the potential to serve as the commercial operating system for the globe. Launched only five years ago, Ethereum is rapidly emerging as the spine for a streamlined financial system where existing financial products can be structured and administered more efficiently. Despite the downturn in prices, Ethereum’s growth has accelerated over the past two years. We’ve seen the birth of stable coins, like DAI, and the threads of more advanced financial products like those provided by Dharma and Compound. Ethereum-based trading platforms are beginning to mature, like 0x and Uniswap, creating composable financial legal blocks that enable assets to flow more seamlessly between parties. And decentralized oracles like Chainlink are moving to mainnet, holding out the hope of inputting real-time data into commercial relationships and creating new, more efficient means of commercial transactions.
Traditional finance, of course, has noticed. An increasing number of banks and other “fintech” startups are exploring the use of blockchain technology through the issuance of their own stablecoins and a host of pilot programs ranging from J.P. Morgan’s stablecoin to SWIFT’s instant GPI payments.
The blockchain-world and traditional finance are on a collision course with new tools and approaches rapidly painting a picture of what a more democratized and streamlined financial system could look like — one that is more efficient, transparent, and resilient. Weiterlesen