DAO, Foundation and DeFi Structuring in GMC: Legal Advisory

A protocol team arriving in the Gelephu Mindfulness City has two questions the code cannot answer: who around the protocol is carrying on a regulated activity, and what legal person the collective actually is. GMC answers both through its general framework. Basnet Law Pte.

Mapping every person around the protocol, from deployer to multisig signers, and testing each against the regulated activities.

Advising on the design of for the exclusions that protect true infrastructure: interfaces that merely enable communication, routers that do not match orders, and no team-controlled keys over user assets.

Forming the wrapper: a company whose constitution binds directors to on-chain votes, or an LLP whose agreement carries the governance rules.

Advising on structuring a not-for-profit or treasury vehicle where a foundation would be used elsewhere, using the entities GMC actually provides.

Advising foreign teams on the non-GMC person exclusions and on marketing into GMC.

Where a venue, vault or custody function is regulated, preparing the GFSO application and the resident Approved Person appointments.

Protocol teams deciding whether to build from Gelephu and what needs a licence. Token-holder collectives that need legal personality and limited liability. Projects that would use a foundation elsewhere. Foreign DeFi teams with GMC users or GMC-facing marketing.