SushiSwap diversify their assets

Fenwick & West recently advised SushiSwap to do a major diversification of its funds. The latter decided to use it and divided into three legal entities. Now SushiSwap consists of three companies: DAO Foundation, Panama Foundation and Panama Corporation.

The restructuring came after the Commodity Futures Trading Commission sued Ooki DAO. The latter were suspected of violating US investment laws. The decision to conduct an asset diversification act was unanimously supported by all representatives of the Sushi DAO community.

Now SushiSwap is more than one company, and Sushi DAO is managed by three previously named organizations, which are based in Panama and the Cayman Islands. In addition, all three organizations will be engaged in different activities. For example, the Panamanian Corporation will take control of the external interface of the protocol, and the DAO Foundation will oversee the treasury process, grants, and network management processes along with the introduction of new proposals and votes. The Panama Foundation will in turn be the chief administrative entity of the existing Sushi protocol.

SushiSwap is a decentralized exchange based on the Decentralized Finance (DeFi) protocol. The main callings of SushiSwap include getting SUSHI holders eligible at the state level by paying taxes under the SUSHI protocol. Recently, the international large investment company GoldenTree became one of the largest holders of crypto assets, having purchased 3,027,916, which at that rate exceeded the value of $5,300,000. GoldenTree is confident that SushiSwap has great potential and is actively developing the SUSHI token.