SAFT Agreements

of one

SAFT Agreements

INX, Blockstack, Coral Health, BurstIQ, and Serenity are some companies with Simple Agreement for Future Tokens (SAFT) offerings.


  • Founded in 2017, INX is "is led by an experienced and dedicated team of business, finance and technology veterans" to bring cryptocurrencies and security tokens to the world of finance and financial crypto trading.
  • The company aims to offer a “fully licensed and regulated” cryptocurrency, security token, and derivatives trading platform.
  • The company’s SAFT agreement can be found here.


  • Blockstack is a decentralized computing platform, founded in 2013, at Princeton.
  • Stacks (STX) is a native utility token of the Blockstack network, that when used by developers, allows users to maintain ownership of their data and protect their digital rights.
  • Blockstack Token was the first company to have an offering of digital assets qualified by the US Securities and Exchange Commission (SEC) under Regulation A.
  • Its SAFT agreements can be found here.


  • Coral Health, founded in 2017, enables secure, real-time, shared access to validated medical information, by leveraging blockchain technology.
  • The company offers utility tokens.
  • The SAFT agreement can be found here.


  • Founded in 2015, BurstIQ is a healthcare platform and ecosystem that combines blockchain, big data, and machine intelligence to "allow complex data sets to be managed, parsed, shared and mined while maintaining strict security standards and HIPAA compliance."
  • The BurstIQ token is called BiQ.
  • BurstIQ's SAFT agreement can be found here.


  • Serenity is a blockchain platform providing "providing efficient solutions for recording and controlling trade transactions, protecting customer funds, and resolving disputes between market participants," founded in 2017.
  • The company's SAFT agreement can be downloaded here or viewed here.


For this research, the research team used the white paper titled "The SAFT Project: Toward a Compliant Token Sale Framework" that defines SAFE-T (Simple Agreements For Equity plus Token) as the "Simple Agreement for Future Tokens, or 'SAFT'." To provide five additional SAFT agreements from recent security token offerings, we started our research by finding companies who offered security tokens and looked for their SAFT agreements. Unfortunately, this strategy didn’t provide us with many results, as most of these companies do not disclose their SAFT; most filings related to SAFT that we could find from this strategy were SEC Form D and not quite relevant. We then checked recent security token offerings and ICO, hoping it would guide us into finding the SAFT for those companies. Again, this strategy didn’t provide us with all the results we needed. Next, we performed a focused search on the SEC site, hoping to find the agreements requested. With this approach, we were able to locate some SAFT fillings (e.g., INX). Due to a lack of publicly available information about SAFT for security token offerings, the team was forced to expand the topic to include other tokens, such as utility tokens. With this approach, we were able to locate the remaining companies.