Aspis is partnering up with MiDAO to allow easy registration of the Vaults created on Aspis Protocol

Aspis is honored to announce its partnership with MiDAO - exclusive registered agent that can create and maintain DAO LLCs on Marshall Islands to give opportunity for each Vault created on Aspis Protocol to create a DAO LLC.

Opening up a DAO LLC with MiDAO gives limited liability (unlike unlimited liability) to its members, gives corporate personhood for owning property, signing contracts, and opening bank accounts. With a few requirements compared to the traditional way of registering a crypto fund, DAO LLC serves as a great mechanism for combining both onchain security (provided by Aspis Protocol) and legal protection for the members (provided by RMI laws).

Compared with the registration of a crypto fund, when registering a DAO LLC, most of the DAO members can remain anonymous (if they do not reach 25%),  governance by smart-contracts is allowed by the law, all documents and records can be put onchain and no dao members with extra liability or responsibility. 

Aspis is partnering up with MiDAO to allow easy registration of the Vaults created on Aspis Protocol

Aspis Protocol, a leading provider of customizable on-chain vaults for collective asset management, is pleased to announce its strategic partnership with MiDAO, an exclusive registered agent specializing in creating and maintaining DAO LLCs on the Marshall Islands. This partnership aims to streamline the registration process for Vaults created on the Aspis Protocol by offering the option to establish a DAO LLC through MiDAO.

By leveraging the expertise of MiDAO, Aspis Protocol enables Vaults created on its platform to establish a DAO LLC, providing several significant advantages. One key benefit is the limited liability protection granted to members of the DAO LLC, offering them enhanced security compared to unlimited liability structures. Additionally, the corporate personhood granted by the DAO LLC enables the ownership of property, signing of contracts, and opening of bank accounts, creating a more robust legal framework.

Unlike traditional methods of registering a crypto fund, establishing a DAO LLC through MiDAO offers greater privacy as most DAO members can remain anonymous if they do not exceed the 25% disclosure threshold. The incorporation of smart contract governance is also permitted under the law, allowing for efficient and transparent decision-making processes. Furthermore, all relevant documents and records can be stored securely on the blockchain, eliminating the need for offline storage and enhancing accessibility.

The collaboration between Aspis Protocol and MiDAO brings together the cutting-edge on-chain security provided by Aspis Protocol with the legal protection and flexibility of a DAO LLC. This partnership aims to empower users by combining the advantages of decentralized finance with the benefits of a compliant and legally protected framework.

"We are excited to partner with MiDAO to offer our users the opportunity to establish a DAO LLC for their Vaults on Aspis Protocol," said Vladimir Prosvirkin, Founder of Aspis Protocol. "This collaboration enables us to provide not only robust on-chain security but also a legal structure that offers enhanced protection and peace of mind for our users. It represents a significant step forward in simplifying the registration process and expanding the capabilities of decentralized asset management."

"Aspis Protocol and MIDAO united unleash the full potential of Aspis. By harnessing the power of a DAO LLC through MIDAO, we’re facilitating Aspis Protocol users in simplifying the registration process while safeguarding limited liability and on-chain governance. Together, we forge a path where innovation meets legal protection, creating a new era of secure and transparent collective DeFi asset management,” said Adam Miller, CEO and Co-founder of MIDAO.

About Aspis Protocol:

Aspis Protocol is a leading provider of customizable on-chain vaults for collective asset management in decentralized finance. Its smart contract technology allows portfolio managers to deploy custom investment vaults, set rules for deposits and withdrawals, and control investment strategies, providing a secure and transparent environment for asset management.

About MiDAO:

MiDAO is an exclusive registered agent specializing in creating and maintaining DAO LLCs on the Marshall Islands. MiDAO offers a streamlined process for establishing and managing legal entities, combining the benefits of blockchain technology with the legal protection and flexibility of traditional corporate structures.