Project Overview
Client Name
Diro Banx, El Salvador
Industry
Investment Banking / Financial Services
Services Provided
Assess whether the token qualifies as a security, investment, utility, or virtual asset. Provide a formal legal opinion under applicable law.
Delivered By
Tech Legal. Blockchain and Digital Asset Legal Consultants.
Background
Diro Banx is a next-generation fintech enterprise founded in 2018 with a vision to redefine how individuals and institutions interact with digital value. Originally beginning as a boutique financial consultancy in Singapore, the company rapidly evolved into a leading digital asset technology firm as market demand for blockchain-based financial products surged across Asia and the Middle East.
In 2020, the company launched its flagship division, Diro Banx Digital Assets to provide institutional-grade infrastructure for the issuance, custody, and tokenization of blockchain-based financial instruments. The division specializes in building compliant, enterprise-grade digital asset ecosystems that integrate seamlessly with traditional financial systems. Its service offerings include token structuring, Web3 infrastructure solutions, digital asset custody, and blockchain-based payment rails.
Our Approach
Our engagement with Diro Banx’s Digital Assets division focused on providing an end-to-end legal and regulatory framework for the design, issuance, and ongoing management of their proposed digital asset ecosystem. Given the multi-jurisdictional nature of their operations and their intention to launch tokenized financial instruments across different markets, our approach was structured, phased, and compliance-driven.
We advised them as follows:
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Comprehensive Regulatory Mapping.
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Token Classification & Legal Positioning.
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Designing a Legally Compliant Token Structure.
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Selection of an Optimal Issuance Jurisdiction.
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Token issuance agreements and VASP Compliance.
Outcome
Tech Legal’s advise provided Diro Banx with a clear and structured regulatory roadmap for launching its digital asset ecosystem and token issuance in a fully compliant manner. We classified the token’s legal nature, identified applicable licensing triggers, and recommended refinements to the token’s design, issuance mechanics, and marketing language to avoid unintended securities implications. We also mapped out jurisdictional considerations, cross-border restrictions, KYC/AML obligations, and exchange-readiness requirements, giving the client a practical, end-to-end compliance framework. As a result, Diro Banx was able to proceed with its token launch confidently, backed by a legally sound structure aligned with Web3 regulatory expectations.
