The island nation cuts processing time for registration, provides immunity for DAOs using open-source software.

The Decentralized Autonomous Organizations Act of 2023 has several major features: it allows DAOs to be set up in 30 days, limits DAO liability for open-source, and makes clear that governance tokens are not securities.

The Republic of the Marshall Islands’ exclusive registry for DAOs will use new funding to develop as a global leader for DAOs to receive legal recognition.

Learn what are DAO legal wrappers and how to choose where to incorporate a DAO.

The DAO hack, one of the defining events in crypto history, was over five years ago. Since that time, decentralized autonomous organizations have proliferated.

On February 8, 2021, Shipyard became the first organization to legally incorporate a DAO in the Marshall Islands!

Legal incorporation may represent the best path forward for many decentralized organizations, in terms of limiting personal liability and protecting users.

The Marshall Islands has opened the gates for a new generation of decentralized corporate organizations after giving legal recognition to DAOs.

What is a DAO, how do they work and are they the future or just a passing fad?

Marshall Islands becomes the first nation to recognize DAOs as legal entities.

The Pacific island state, long keen to adopt blockchain technology, recognizes decentralized autonomous organizations.

The law essentially grants DAOs the same privileges as limited liability corporations.