Digital Assets, Insolvency And Restructuring

The emergence of decentralised organisations

During a Baker & Partners roundtable event, Partners Adam Crane, Jennifer Colegate and Associate Nia Statham were joined by Sheila Ng, the Deputy Head of Restructuring and Insolvency at Rajah & Tann, to explore the latest developments in this space and what the challenges and opportunities might be in the future.

The roundtable acknowledged that the opportunities which will flow from the emergence of decentralised organisations and the tokenisation of real world assets are numerous, with Adam commenting that "a decentralised autonomous organisation (DAO) in ethos allows for an organisational structure with no centralised control or executive decision making function to be established on the Blockchain with members, who are holders of tokens which carry voting rights, and are otherwise known as "governance tokens", sharing a common goal. The goals of each DAO can vary wildly from fundraising for social and charitable