It is the last Thursday of the month which is when the Otonomist drops. This issue talks about Otonomos' newest trio of jurisdictions: Ireland, Isle of Man and Malta. We then announce our new Cayman foundation online staging module and compare Cayman foundations to trusts. We also introduce Oto, our AI “butler”, and close with an update on OtoCo.
Have a good post-holiday start!
Han, Founder and CEO
JURISDICTION DOUBLE CLICK
New entities à la carte: We added Ireland, Isle of Man and Malta for online order on otonomos.com
At Otonomos, we like to cook up new dishes to give our clients choice, using only the best ingredients and aiming for the highest consistency in fulfillment.
We already offer 18 home-made products in 11 jurisdictions, including the Bahamas, the British Virgin Islands, Canada, the Cayman Islands, Hong Kong, Panama, Singapore, Switzerland, the United Arab Emirates, the United Kingdom and the United States.
Today, we added three more incorporation options to our menu. These include the Isle of Man, Ireland (Eire) and Malta, all available for online order now.
In this post, we sketch the applicable crypto regs in each of these jurisdictions, and outline the key features of Irish, Manx and Maltese limited companies.
DEVELOPMENT UPDATE
Stage your Cayman Foundation entirely online using the Otonomos dashboard
New clients of Otonomos who ordered a private Foundation or decentralized Web3 Foundation in Cayman can now stage it fully online from within their user dashboard.
As with our British Virgin Islands staging process, our online activation steps build on each other rather than duplicating information already provided, aiming to make the activation of your new entity a delight.
An interactive navigation menu on the right of the screen shows where you are in the process and makes it easy for you to cycle back and forth through the steps.
In this post, we offer a recap on the Cayman Foundation and its two man use cases as a private Foundation for individuals and a Web3 “faceless” Foundation for decentralized projects.
We then contrast the Cayman Foundation with a trust setup in both the British Virgin Islands and Wyoming.
PRODUCT FEATURES
Say hello to Oto, your AI butler
Oto is your new AI butler: A specialist in both offchain and onchain company formations and related matters, accessible directly from the livechat of our homepage.
We feed Oto a steady diet of relevant reading materials and pertinent links at the current rate of 73 human reading hours a day, so Oto is learning fast!
You can call on Oto’s accumulated knowledge at any time by starting a live chat on both the Otonomos and OtoCo homepages.
Please bear with Oto as it gains full mastery at butler school. The more you ask the more it researches and learns.
ANNOUCEMENT
London event 12 October: Helps us ask the right questions regarding digital assets and privacy
Otonomos is co-hosting a joint event with the UK’s Center for Digital Assets and Democracy (CFDAAD) in London on the evening of Thursday 12 October 2023.
Our joint mission with CFDAAD is to formulate the right questions - before an attempt at answers - on policy issues related to financial privacy and our freedoms to transact as economic agents.
Our non-partisan audience will consist of Otonomos regional clients, policy makers, crypto practitioners, and doers and investors in Web3.
The venue will be in central London and our MC for the night will be a 16-year old who wants to know what - if any - financial privacy she can expect to enjoy in a world of Central Bank Digital Currencies and mass surveillance.
> Please join the Otonomos official “Towards Full Autonomy” Telegram group for further details on the event and how to register.
OTOCO UPDATE
OtoCo growth spurt: Onchain entities from the comfort of your wallet
OtoCo, the onchain company assembler spun-off of Otonomos, is experiencing a real growth spurt:
- OtoCo’s counter now stands at 1,263 validly formed legal entities on blockchain.
- In July, we added Chait as Blockchain Product Lead to our US team based in San Francisco.
- We’re readying a new jurisdiction - OtoCo’s first offshore one! - for launch in 4Q23.
- Our spanking new homepage and updated documentation hub are live, in time for our next stage of growth.
On the governance side, a next onchain vote by OTOCO token holders on a number of proposals, including OTOCO token allocation and vesting to the project’s core development team, is set to go live on OtoCo’s Snapshot on Wednesday 13 September.
4Q will be all about growth, with a widget that lets users of other DeFi platforms easily spawn onchain entities on OtoCo from the comfort of their wallet.
> Join The Road to OtoCo official Telegram group for updates
Next month in The Otonomist: A crypto onramp toolkit for newbies to Web3, details on OtoCo’s product roadmap, and an update on Otonomos’ online funding round. On the digital shelves from Thursday 28 September.
