First published on Skala Legal Skills

Legal Disclaimer

This skill is provided for informational and educational purposes only and does not constitute legal advice. The analysis and information provided should not be relied upon as a substitute for consultation with a qualified attorney. No attorney-client relationship is created by using this skill. Cryptocurrency and token regulations vary significantly by jurisdiction and change frequently. SAFTs involve complex securities law considerations. Always consult with a licensed attorney experienced in securities and cryptocurrency law before entering into any SAFT agreement. The creators and publishers of this skill disclaim any liability for actions taken or not taken based on the information provided.

SAFT Review Skill

Review and advise on Simple Agreements for Future Tokens (SAFTs), token warrants, and token side letters.

Critical Note: SAFTs are generally considered securities under US law. The SEC has taken aggressive enforcement action against SAFT offerings. Unlike SAFEs, there is no industry-standard SAFT template—terms vary significantly between agreements.

Entry Points

This skill handles four scenarios: