WACEO AISBL is a DAO focused non-profit that gives blockchain-based projects access to the network of professionals to support them in developing a framework for compliance, legality, and risk management in line with regulatory best practices.
We are a Brussels-based international non-profit organization that operates under the EU regulatory framework, however thanks to our vast network of industry professionals and service providers we operate globally.
WACEO was established with the goal to bridge the gap between traditional world and DeFi by creating a safe environment wherein decentralized projects are able to onboard real world service providers, and on the other hand, provide blockchain-based projects with a framework and comprehensive support to enable the development of a compliant structure.
In simple terms, WACEO can be thought of as a network platform that connects blockchain-based projects and traditional world organizations. Thus, our prospective members include DeFi developers, DAOs, crypto, and NFT platforms, governance, legal , tax and other industry professionals, as well as domain-specific service providers across various jurisdictions.
The decentralized nature of blockchain-based projects makes it difficult for them to get support from traditional world service providers as they require KYC and AML checks that blockchain projects cannot fulfill without putting either the individuals or the whole community at personal risks and liabilities.
WACEO, being a non-profit, leverages its status to provide legal representation to blockchain-based projects which enables them to maintain a significant level of decentralization while operating as a centralized entity. Furthermore, we can register ourselves as a notifiable party with the regulatory authorities as a first point of contact for the project.
Decentralized projects experience a range of tax and legal issues as the current legal framework doesn’t recognize them as legal entities. The decentralized nature of the projects makes it difficult for DeFi participants and developers to understand and navigate the compliance and regulatory complexities of the current framework.
WACEO’s infrastructure supports a framework in which professional service providers can interact with decentralized organizations. The framework provides a structure where DAOs and service providers are able to enter into contracts, exchange information, and transact with each other while remaining compliant and decentralized.
WACEO AISBL has initiated a DAO with a reserve currency that can be used for payment of legal and other professional services. Blockchain-based projects are able to swap their native token for the WACEO token and with that create legal reserves which would allow them to pay for WACEO AISBL support and interaction with traditional world service providers.
The holders of WACEO token, as their legal reserve, would have the ability to be face any future legal and compliance challenges.
Regulators often view the DeFi space with extreme scrutiny, and have the perception of it being an environment wherein scams are prevalent. Without the existence of any regulation, the investors and their assets can easily fall victim to a scam, or the participants may use it for unlawful enrichment.
On the other hand, participants in the DeFi space are typically not involved in the formulation of regulations that apply to the industry. This often results in laws and requirements that are opposite to fundamentals of DeFi and do not support the innovation that it brings.
For these reasons, we believe it is necessary to initiate a collaborative and proactive relationship with regulators to help them attain a comprehensive understanding of DeFi paving the way for more inclusiveness of all stakeholders
The lack of regulations in DeFi has made it easy for developers and others to scam, rug pull projects and their investors. The rug pulls, scams and frauds have led to the market being flooded with dead coins which makes the market even less attractive for new investors and may cause regulators to enforce stricter rules, limiting the utilities of DeFi. WACEO AISBL aims to clean up the dead coin market by litigating against the bad actors of the space - whether those are project founders that are putting at risk the assets of their investors; the developers who rug pulled the project, or influencers who are using their social influence to convince the community to invest in scam coins.
For this reason, WACEO has initiated UnRekt, a project that aims to clean up the dead coin market by allowing Rekt investors to recover 50-90% of their lost investments, and where applicable - fund the litigation against the scammers.
Women in DeFi: The tech sector has always been a male-dominated field. Even though women are slowly making their space in the blockchain world, there is still a long way to go when it comes to women leaders in DeFi. As a female-focused organization, WACEO AISBL aims to advance women in the DeFi industry by creating an environment in which women already involved in the DeFi industry would mentor and educate other women who wish to step into this industry.Education on Web3: With the upcoming regulations in the DeFi space, there is a demand for legal professionals versed in these laws. However, due to the novelty of the regulations, the subject has not yet been academically developed. Our Education on Web3 initiative aims to train law students, law graduates and young professionals in the Web3 domain.
Education on Web3: With the upcoming regulations in the DeFi space, there is a demand for legal professionals versed in these laws. However, due to the novelty of the regulations, the subject has not yet been academically developed. Our Education on Web3 initiative aims to train law students, law graduates and young professionals in the Web3 domain.
WACEO's goal is to support the decentralized nature of these organizations, as well as the implementation of compliance and regulation across the Decentralized Finance industry stimulating its growth and mainstream adoption.
Our infrastructure allows us to bridge the two worlds in a safe and compliant environment for both sides.