2018. 1. 5              Hit:

SEUM Advises MediBloc on ICO

SEUM represented Medibloc, a digital healthcare company, with respect to the sale of its proprietary cryptographic tokens (ticker symbol MED).


SEUM represented MediBloc, a digital healthcare company, with respect to the sale of its proprietary cryptographic tokens (ticker symbol MED). MediBloc, which is developing a decentralized public health information ecosystem for patients, healthcare providers and data researchers built on blockchain technology, successfully reached its goal to sell all 5 billion MED tokens offered through its initial coin offering (ICO). Holders of the MED tokens will be able to use the tokens to obtain services on the MediBloc platform as well as use the MED tokens to purchase points that can be used on the MediBloc platform.

SEUM advised MediBloc as lead-counsel on various aspects of its ICO including review of its whitepaper and token sale terms and conditions, securities law analysis under Korean law, review of marketing and sales issues, and management of local counsel and international legal matters. SEUM’s blockchain team handled the ICO, including partners Hoseok Jung and Steve Ahn, and associates Hyunsub Lee and Egyul Kim.



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