Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 30 OCTOBER 2017

OSC Invites TokenFunder To Play In The CSA Sandbox

Davies Ward Phillips & Vineberg LLP
Explore more from Davies Ward Phillips & Vineberg LLP

Both Impak and TokenFunder were successful in obtaining exemptive relief from CSA members to proceed with their initial coin offerings – a step in the right direction.

CanadaCorporate/Commercial Law
Mindy Gilbert
Mindy Gilbert
Geoffrey Rawle
Geoffrey Rawle
Zain Rizvi
Zain Rizvi
Author LinkedIn connections

Earlier this month, the Ontario Securities Commission (OSC) released its decision to grant exemptive relief from applicable Canadian registration requirements to Token Funder Inc. (TokenFunder) for the launch of its initial offering of FNDR tokens. By blessing the upcoming offering by TokenFunder – a platform being developed to facilitate the launch of securities law–compliant token offerings – the OSC has provided a road map for companies seeking to use this novel form of fundraising which provides terms more favourable to entrepreneurs than are typically obtained through early stage investment by venture capital funds and angel investors.

A Step in the Right Direction?

In February 2017, several members of the Canadian Securities Administrators (CSA) launched a regulatory sandbox to support Fintech businesses seeking to offer innovative products, services and applications in Canada. So far, only two blockchain companies have agreed to play in the CSA sandbox:

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

October 2026 Amendments To Chambers Practice In British Columbia: What To Know

The amendments were developed with the input of stakeholders, including members of the judiciary, the legal profession, government ministries and the public, in response to ongoing concerns regarding chambers delays, scheduling inefficiencies, inaccurate time estimates, and matters that are set down for hearing but ultimately do not proceed as scheduled
CanadaCorporate/Commercial Law
Singleton Urquhart Reynolds Vogel LLP
Singleton Urquhart Reynolds Vogel LLP
Article

Shareholders' Agreements: The Decisions Behind The Document

Putting a unanimous shareholders' agreement in place is an exercise in good governance. It gives a group of owners an agreed framework for running the corporation, sharing its profits and dealing with the departure of a shareholder, and it settles those questions at a point when everyone is still working well together. Every agreement is different, because the answers depend on who the shareholders are and what each of them wants from the business.
CanadaCorporate/Commercial Law
Fillmore Riley
Fillmore Riley
Article

Key Takeaways From All In 2026: AI Sovereignty, Infrastructure And Canada’s Growing Role

Canada and Germany are making unprecedented investments in AI infrastructure and safety research, while major players like Cohere, OpenAI, and Bell position themselves in a rapidly evolving landscape of technology sovereignty. How will these strategic moves reshape the global AI race and what do they mean for businesses navigating data residency, vendor relationships, and emerging regulatory frameworks?
CanadaStrategy
Davies Ward Phillips & Vineberg LLP
Davies Ward Phillips & Vineberg LLP
Article

The New Cost Of Environmental Non-Compliance In Québec: $300,000 Per Day

Quebec has dramatically increased minimum environmental fines for designated industrial activities by a factor of ten, with penalties now reaching up to $300,000 per day for contaminant releases. These changes, effective August 13, 2026, apply to nine categories of industrial operations including aluminum smelters, mines, cement plants, and chemical facilities, with fines doubling on first recidivism and tripling thereafter.
CanadaEnvironment
Davies Ward Phillips & Vineberg LLP
Davies Ward Phillips & Vineberg LLP
Article

Investment Canada Act - Guide For Foreign Investors In Canada: 2026

Davies' Investment Canada Act guide provides foreign investors with essential information about national security reviews and net benefit assessments when establishing or acquiring Canadian businesses. The comprehensive resource outlines review processes, timing considerations, and regulatory requirements that non-Canadian entities must navigate when investing in Canada.
CanadaGovernment, Public Sector
Davies Ward Phillips & Vineberg LLP
Davies Ward Phillips & Vineberg LLP
Article

Pre-Merger Notification Guide: Canada’s Competition Act

This comprehensive guide examines the pre-merger notification requirements under Canada's Competition Act, providing essential information for parties considering transactions that may trigger mandatory filing obligations. The guide outlines the thresholds, procedures, and compliance considerations that businesses must navigate when planning mergers and acquisitions in the Canadian market.
CanadaAntitrust/Competition Law
Davies Ward Phillips & Vineberg LLP
Davies Ward Phillips & Vineberg LLP
Article

Bill C-36: Rewriting The Rules For Canadian Private Sector Privacy

Canada's proposed Privacy and Consumer Data Act introduces sweeping changes to private sector privacy regulation, including a new enforcement body with unprecedented penalty powers, mandatory cross-border transfer assessments, and enhanced protections for children's data. Organizations operating in Canada face a fundamental shift from PIPEDA's principles-based approach to a prescriptive compliance regime with significant financial and legal consequences.
CanadaPrivacy
Davies Ward Phillips & Vineberg LLP
Davies Ward Phillips & Vineberg LLP
Article

Building Canada Strong: Major Projects Acceleration

Canada's federal government has introduced sweeping regulatory reforms aimed at accelerating major project approvals through compressed timelines and streamlined coordination. The Building Canada's Success Act establishes a one-year federal review period for designated projects while creating new mechanisms for regional preapprovals and consolidated decision-making. These changes fundamentally reshape how infrastructure and resource projects navigate federal environmental assessments and permitting processe
CanadaGovernment, Public Sector
Davies Ward Phillips & Vineberg LLP
Davies Ward Phillips & Vineberg LLP