The EU Markets in Crypto-Assets Regulation (MiCA) requires token issuers to draw up, notify and publish a MiCA-compliant white paper before offering tokens to the public or listing them for trading on an exchange. White papers are similar to capital market prospectuses and must adhere to specific format and structure requirements.
STADLER VÖLKEL, in collaboration with Lawside Attorneys at Law (Switzerland), advised the Cardano Foundation on preparing the white paper template, which is designed to be used for tokens within the Cardano ecosystem. The template provides drafting notes and suggestions to help token issuers comply with their regulatory obligations.