What is the legal framework of Binaryx Platform?

Written by Artem
Updated 9 months ago

The Binaryx Platform operates in accordance with the SF0038 law, adopted in the state of Wyoming, USA, in 2021. It allows for the creation of companies with multiple co-owners from around the world, with ownership being formalized in a few clicks.

In the documents of each legal entity created for a property on Binaryx, a unique number (blockchain address) is specified. This number is also indicated on the property's page on the Binaryx marketplace. The Binaryx team cannot modify the articles of incorporation of a legal entity or arbitrarily change the list of property co-owners.

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