07 November 2018

Carey Olsen advises Clarity on launch of Jersey ICO

Carey Olsen has worked with Clarity, the creator of a revolutionary new blockchain platform for small businesses and investors, on the initial coin offering (ICO) of its Clarity Project utility token.

The Clarity platform is designed to be a one-stop shop for small business owners worldwide, giving them complete access to, and control over, their data. It will also provide analytics, benchmarking, file sharing, third-party verification and access to early-stage funding or investment that has previously only been available to larger businesses.

Clarity founder Luke Smith said: "The Crypto industry is growing up fast, becoming mainstream and Jersey is now well placed to take advantage. We have been delighted with the interaction between Carey Olsen, the JFSC and Helm Trust, which has allowed us to focus on the sale of our Tokens and ultimately the delivery of our very exciting Project.”

Carey Olsen partner Chris Griffin, who spearheads the firm's burgeoning digital assets practice, led the team advising Clarity, and was assisted by associates Joseph Barker-Willis and Filip Kwilinski.

Mr Griffin said: "Despite challenging times in the ICO space, the Clarity Project launch demonstrates that innovative businesses can still harness the token sale route to reach market."