Case Studies/Meridian Issuance
Security and MiCA credibility before a tokenization launch
A tokenization startup needed more than a logo on a pitch deck. Investors wanted a defined bar for smart-contract security and EU regulatory readiness — owned as one relationship.
- CASP track
- MiCA
- Diligence pack
- Raise
- Security baseline
- Launch
The challenge
The gap after delivery
Meridian could not raise or list with a fragmented story: an audit shop for the contracts and a separate counsel for the offering. No one owned how the two would stay aligned as the product moved.
- Token classification and issuance mechanics were still in motion during diligence.
- Smart-contract scope did not match the legal description of the instrument.
- There was no retained owner after the first opinion letter.
What Avenza did
One continuous workstream
Avenza ran security and regulatory work as one workstream so the raise pack, the contracts, and the CASP posture described the same product.
- Audited issuance, transfer-restriction, and corporate-action contracts against the actual term sheet.
- Mapped MiCA CASP obligations and token classification to the live architecture.
- Built an AML/KYC framework for primary issuance and secondary transfer.
- Packaged Avenza Standard scoring for investor and listing diligence.
Outcomes
Cover that did not end
Meridian entered diligence with one accountable vendor and a current security-and-compliance baseline — not a stack of expired PDFs.
- Legal description of the token and contract behavior brought into alignment.
- Investor Q&A answered from a single Avenza workstream instead of two firms.
- Launch checklist included both remediation close-out and compliance operating procedures.
- Retainer kept in place through the first issuance cycle.
“We work with Avenza became a sentence our investors understood. That is what we needed the raise to say.”
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Ready to unify security and compliance?
Avenza stays on the account — so the system is not unmonitored the day after delivery.