A SAFT (Simple Agreement for Future Tokens) is an early-stage crypto financing instrument in which purchasers invest now in exchange for the right to receive tokens in the future if/when a network launches, often intended to structure the sale as an investment contract at the time of purchase. In token project fundraising, a SAFT is used to align capital raising with later token delivery, and SAFT terms are evaluated closely for securities law compliance and token economics implications.
Ryan RobertsStartup Lawyer
Ryan Roberts is a startup lawyer with more than two decades of experience advising on venture financings and M&A transactions totaling more than $1 billion. He is the author of the Amazon bestselling startup law book Acceleration.
