Simple Agreement for Future Tokens (SAFT)
A SAFT allows a blockchain company to raise capital from accredited investors before its network launches. This template is structured for the Canadian regulatory environment: it incorporates the accredited investor exemption under National Instrument 45-106, includes FINTRAC/AML representations, and references CSA guidance on crypto-asset securities. Use it as a starting point — securities law counsel review is strongly recommended before distribution.
Parties
Enter the full legal details of the issuing company and the investor, and confirm accredited investor status.
Use the exact name on your Certificate of Incorporation.
The securities law exemption used by this SAFT requires the investor to be an 'accredited investor' as defined in National Instrument 45-106. Do not proceed if the investor does not qualify.
Select the NI 45-106 category that best describes why this investor qualifies.
1 / 4 — Parties
This template is provided for informational purposes only and does not constitute legal advice. Laws change — have a licensed Ontario lawyer review any agreement before signing.
Why use this template?
- Structured for Canadian accredited investor exemption (NI 45-106)
- Includes FINTRAC/AML representations required for token sales
- Covers valuation cap and discount rate mechanics
- CSA securities acknowledgments to reduce regulatory risk
- Pro-rata rights toggle for follow-on rounds
Need this reviewed?
$499 flat feeToken offerings involve complex securities law. CSA rules differ from SEC — get Ontario-specific advice before you distribute this agreement.
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