NGUT Assists White Swan in Launching the First MiCA Compliant Meme Coin

NGUT assisted with end-to-end compliance and technical development of both the token and the public offer program, made available to the public through an "Initial Coin Offering", or an ICO, for short.

The White Swan white paper was notified to the competent authorities in Finland (Finnish Financial Supervisory Authority) in December 2024, and was published on the NGUT White Paper register on 3 January 2025 following the 20 working day notification period. The White Swan public offer began on the Solana blockchain on 13 January and concluded on 16 January, raising nearly 1,700 SOL from 266 unique unidentified investors through an NGUT-provided Markets in Crypto Assets (MiCA) compliant ICO program.

In addition to being the first MiCA-compliant meme coin white paper, NGUT introduced novel elements, such as memes and brand-specific styling, to the white paper to highlight the nature of the project. The White Swan team opted for utilising NGUT's primary legal entity to improve transparency, where other options would have included utilising an SPV or another legal entity structure provided by NGUT.

NGUT continues to assist the White Swan team through ongoing compliance engagement, staff training, marketing communications maintenance, and by preparing, filing, & maintaining trading white papers for White Swan.