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What the team is known for Sullivan & Worcester is highly esteemed for its impressive capabilities in relation to distributed ledger technologies. The firm is sought after by startups and established players in the FinTech sector to provide regulatory advice on the implementation of blockchain. The firm also has significant expertise in acting upon a wide range of FinTech and blockchain transactions for some of the world’s most prominent cryptocurrency and digital assets providers.
Strengths"The firm is able to marry the technology underpinning cryptocurrency, blockchain and stablecoins, and the regulations surrounding them. A rare find."
"Leaders in the field of cryptocurrency and blockchain. They were also willing to work with us as a startup - they were willing to take a retainer and defer the costs until we raised money. Many firms don't do that, and when the lawyer is willing to take that risk they become a true partner."
Work highlights Provided legal counsel and regulatory advice on the standing of NEM’s cryptographic tokens under US federal securities and commodities laws. Also advised the client with respect to corporate structuring and the distribution of new digital assets.
Joel Telpner is chair of Sullivan & Worcester's FinTech and blockchain practice. He is well regarded for his work on enterprise blockchain solutions and on the development of the law surrounding stablecoins. His incisive and flexible approach to novel regulatory questions is praised in particular. One client says that "Joel has been the frontrunner of a lot of big trends in the blockchain space, a huge pioneer in getting security tokens in the market, and is an expert on stablecoins," while another observes: "He is the driving force behind everything that we do."