Aurum Advises a Web3 Platform Operator on the Structuring and Implementation of a Cross-Border Joint Venture

Aurum advised an operator of a crypto platform on the structuring and implementation of a cross-border joint venture to develop and commercialise a new product in collaboration with a strategic partner.

The mandate focused on making the cooperation execution-ready from day one. Aurum supported early-stage alignment through a non-binding memorandum that captured the commercial trajectory while including binding confidentiality, exclusivity and non-solicitation protections. The team then advised on the appropriate project SPV, including choice of form and jurisdiction, and coordinated its formation through local providers, including initial share issuance and implementation steps.

Aurum also supported the governance build-out to reflect the agreed operating model, including updates to the entity’s constitutional documents and preparation of the definitive shareholders’ agreement for the blockchain venture. The framework was designed to allocate responsibilities clearly, establish practical decision-making and deadlock protections, and implement performance-linked protections intended to manage underperformance risk and preserve value throughout the lifecycle of the venture.

“Technology joint ventures break down when governance and incentives are left vague,” said Illia Shenheliia, Associate Partner at Aurum. “Our role was to help our client put a structure in place that makes execution measurable, decision-making workable, and outcomes enforceable.”

“As more product teams collaborate across borders, the ability to combine speed with governance discipline becomes a competitive advantage,” Sergey Ostrovskiy added. “Well-designed JV mechanics can protect value and reduce execution risk long before any exit event is on the table.”