Ink Foundation, GSR and several legal and audit firms have launched Charter Foundation, a shared legal framework designed to help crypto founders reduce token issuance costs.
Charter said the framework can cut upfront token issuance expenses by more than half by creating an independent Cayman Islands company for each project. Partners include GSR, law firms Carey Olsen and Cooley, and audit firms ChainSecurity and Zellic.
Crypto founders typically build a three-company structure from scratch, including a lab company, Cayman foundation and BVI issuance subsidiary, with costs exceeding $100,000 before a token generation event. Under Charter, each project gets an independent Cayman entity that can convert into a standalone foundation after a successful issuance.
Ink Foundation, GSR Launch Charter to Cut Token Issuance Costs
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