Case study · Innovation · Structured offering
A regulated financial institution issuing its own instrument.
At a glance
The mandate
A regulated multi-asset brokerage engaged GDA to design and execute an offering for a native instrument complementary to its existing exchange business. The requirement was institutional: a regulated operator cannot approach this the way an unregulated issuer can.
What was built
GDA designed the token economics and the full set of investor and marketing documentation, then validated the valuation across seed and private rounds by placing capital with strategic financing partners including 3D Capital, CRT Capital, and Artful Capital. The firm developed the go-to-market strategy and global positioning, and opened exchange relationships for listing.
The outcome
An eight-figure raise completed at a capitalization of $200 to $400 million. The mandate demonstrates the firm’s core Innovation thesis in its clearest form: an established, regulated financial business standing up a new instrument as a separate value line, structured to institutional standard.
An established regulated business standing up a new instrument as a separate value line.
Outcome
Capital raised
Capitalization
Completed
Where this leads
Token economics design — the capability
The discipline behind the instrument: supply, incentives, treasury policy, governance.
Token financing advisory — the capability
Structure, documentation, valuation, and placement to institutional standard.
What is a token financing?
The short answer, and what separates one from a securities transaction in name only.
Financial Services & Fintech — sector
Where the firm's dual fluency is worth the most.