Sure thing. We’ve been focused on private raise, building the team, and laying the regulatory groundwork.
The private raise has gone very well, reflecting the confidence of institutions in the organization that has been gathered, as well as the opportunity we’re addressing.
The importance of and effort behind the regulatory groundwork we’ve laid is a critical piece that is frequently overlooked “from the outside”, so I want to take some time on this topic.
We joke often that our current legal and compliance team is as big as our dev team. While this is certainly a high cost, both in resources and time, the cost of noncompliance is much higher as government entities increasingly understand the digital space. Especially so when it comes to the protection of digital assets, there are many, many traditional/CeFi regulations in finance and insurance we must consider.
In the coming leg of DeFi adoption, projects must balance rapid innovation with regulations that protect the traditional world.
As far as what we have coming up, of course the public sale, and then the launch of our first sets of products, which we touched on in our whitepaper.
More will be shared in coming days from our official marketing channels.