Lewis Rinaudo Cohen and Brian Farber Author Law360 Article on Crypto Venture Deals
October 9, 2026
CahillNXT partner and co-chair Lewis Rinaudo Cohen and counsel Brian Farber authored the article “How AI Is Reshaping the Structure of Crypto Venture Deals” in Law360.
The article examines two approaches to raising capital for crypto companies: conventional equity financing and token-based financing. Lewis and Brian discuss how the growing influence of artificial intelligence and institutional investment is shifting certain crypto businesses toward traditional equity structures, particularly those with established revenue models. They also examine the advantages of token financing for projects whose value is expected to accrue to decentralized networks rather than corporate equity.
The authors explore the legal and governance challenges associated with hybrid equity–token financing structures, including potential conflicts arising from the allocation of value between equity and token holders. They emphasize the importance of carefully evaluating financing structures at an early stage, as initial financing decisions can have lasting implications for a company's governance, economics and future flexibility.
Read the full article below.
