When a client approached us requesting legal support in the tokenization of diamonds, they stated directly: "I know what I want, but I have no idea how to make it legally feasible." This was not just an idea—it was a genuine challenge requiring thorough analysis, meticulous planning, and the pursuit of optimal solutions.
The Manimama Law Firm team had to consider the project’s long-term development strategy, establish a robust corporate structure, and ensure compliance with regulatory requirements across multiple jurisdictions. This process involved every step—from discussing models to drafting agreements—bringing us closer to building a solid foundation for an innovative business.
In this article, we’ll share how this idea was brought to life, our challenges, and the solutions that ensured the project’s success.
The Challenge
The client came with a clear goal—to create a platform for diamond tokenization that would comply with all regulatory requirements and have the potential for future scalability. However, this goal brought with it a range of legal challenges:
- How to build a corporate structure that ensures business stability and transparency?
- How to align the project’s activities with the requirements of multiple jurisdictions?
- What contracts and documents need to be prepared to protect the rights of owners and minimize risks?
Each of these questions required thorough research and carefully crafted solutions that addressed both the immediate tasks and the project’s future development. The client had no experience in the legal aspects of tokenization and needed comprehensive support—from selecting the corporate model to drafting every agreement.
Implementation Process
The project began with a detailed analysis. Together with the client, we discussed every aspect of their idea as well as their long-term goals. This allowed us to gain a clear understanding of which corporate structure would be the most effective. Over several months, our team developed various models, taking into account risks, scalability opportunities, and regulatory requirements. Ultimately, the client selected one of the proposed structures that best aligned with their business strategy.
Next, we incorporated two companies in key jurisdictions to ensure flexibility and regulatory compliance. A comprehensive contractual framework was established between these companies, covering all aspects of diamond tokenization—from protecting ownership rights to mechanisms for sales.
Meanwhile, the client focused on developing the platform itself, while we provided ongoing legal consultations and ensured seamless integration of our work with the technical solutions. In the end, when everything was ready, the project had a solid legal foundation for a successful launch.
Results
Through joint efforts, the project gained a clear legal structure that allows it to operate stably and scale effectively. The well-chosen corporate model ensured compliance with regulatory requirements across multiple jurisdictions, while the prepared contractual framework became a reliable tool for protecting the rights of all participants.
The results were not long in coming: the Diamore project is actively attracting new users and has already caught the attention of its first investors. The established legal foundation enables the business to expand its marketing efforts and enter new markets seamlessly.
Additionally, to support business expansion, we assisted the client in registering a company in Dubai, opening up opportunities for diamond sales in new regions. Even after completing the main phase of the work, our team continues to support the client by providing legal assistance and prompt help with contracts and reporting.
This case demonstrates how legal support can transform an ambitious idea into a real business with a clear strategy and a solid foundation.
As conclusion
The diamond tokenization project became not only a successful launch for the client’s Diamore business but also a valuable experience for our team. It highlighted the importance of a tailored approach in complex, technologically advanced projects.
Even the boldest business ideas can be realized with the right legal solutions and a solid foundation for growth. We are proud that our work enabled the client to confidently launch a project that is already attracting users and investors while unlocking new opportunities in the global market.
Manimama Law Firm is ready to support innovative projects at every stage—from initial concept to scaling. If you have an idea that requires legal support, we are always open to collaboration.
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Manimama Law Firm provides a gateway for the companies operating as the virtual asset wallet and exchange providers allowing to enter to the markets legally. We are ready to offer an appropriate support in obtaining a license with lower founding and operating costs. We offer KYC/AML launch, support in risk assessment, legal services, legal opinions, advice on general data protection provisions, contracts and all necessary legal and business tools to start business of virtual asset service provider.
The content of this article is intended to provide a general guide to the subject matter, not to be considered as a legal consultation.
