April 29, 2020 OpenLaw launches its Limited Liability Autonomous Organization.

OpenLaw, the company behind the OpenLaw protocol launched its Limited Liability Autonomous Organization (LAO) on Tuesday. The entity is meant to iterate on the existing concept of a decentralized autonomous organization (DAO) by incorporating legal documents and theoretically providing protections beyond smart contract logic. The LAO will initially allow up to 100 US accredited investors to deposit Ether and invest in tokenized shares, aiming to mimic a venture capital structure on Ethereum but while complying with US legislation.