LTO Network

End date:
17/01/2019, 02:00 AM
4 183 690 USD
Brief information
Get money
5 200 000 USD
1 LTO = 0.03 USD
500 000 000 LTO
Start date
14 Jan 2019
  • information
  • news
  • Video
  • roadmap
  • team
  • partners


  • Mike Egorov
    Mike Egorov is CTO of NuCypher with a PhD in Physics, previously working as a Senior Software Engineer at LinkedIn. He is helping us with the technology validation and crypto industry exposure. We are also working together on the EPD product for healthcare.
  • Sandor Klein
    Sandor Klein is Vice President of International Sales at Docker. He previously held management position at CA technologies, EnterpriseDB, and RedHat. Since LTO Network is deeply integrated with Docker, Sandor helps us connect to more clients and increase the adoption level of both companies.
  • Pedro Irujo
    CEMEX Ventures
    Pedro Irujo is an advisor to CEMEX Ventures, having previous experience in Vodafone and PwC. We are working together on a supply chain case for Latin America. Pedro is also helping us in validating financial terms and investment approaches.
  • Femke Stroucken
    Femke Stroucken is a partner at an international legal firm CMS. Next to helping us with the legal questions, we are also working together on formalizing commercial lease contract lifecycles as Live Contracts.


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Team: 16

  • Rick Schmitz
    Rick has been a Private Equity and M&A Tax lawyer at both PwC and Deloitte. Rick is also the founder of the successful Dutch startup Firm24 and LegalThings.
  • Arnold Daniels
    Lead Architect
    Arnold is a software engineer with over 20 years of experience and a certified AWS architect. Arnold is a former Lead Software Engineer at Cloud9 IDE (acquired by Amazon in 2016).
  • Martijn Migchelsen
    CFO & COO
    Martijn worked as a Corporate Finance Advisor at PwC where he was part of the Technology sector team. He is also the co-founder of the successful Dutch startup Firm24 as well as LegalThings.
  • Sven Stam
    Sven has 15+ years of experience. He holds a masters degree in Artificial Intelligence with a specialization in Distributed Systems.
  • Martijn Broersma
    VP Operations
    Martijn previously worked as a lawyer at Firm24. He is specialized in automating complex (legal) structures and workflows and oversees LegalThings' daily operations.
  • Ivan Golovko
    Strategy & Investor Relations
    Ivan is co-founder of Distributed Fund and Distributed Alliance, and is also advisor to VITE. Former CMO of ICODrops. Ivan brings his experience in product positioning, community management and investor relations.
  • Moesjarraf Jahangier
    Senior Backend Developer
    Moesjarraf is one of main engines driving LegalThings development. He created a large part of the services around LegalThings node.
  • Yevhen Horbachov
    Lead Frontend Developer
    Yevhen has over 15 years of development experience in which he led the front end team of the European Patent Office, he is currently in charge of the LegalThings frontend development.
  • Sarfaraaz Jahangier
  • Mitchel Kerckhaert
  • Jurre Wolsink
  • Ties Van Dijk
    System Integrator
  • Rick Ros
    Head of Sales
  • Benjamin Roeloffs Valk
    Designer & Marketeer
  • Michael Nieveld
    Legal & Tax
  • Maurits Wismeijer


Suggest news
  • 1
    Started in 2014 as platform to create, share and sign contracts in a digital way. After the success of our first company, we believed that DTM (Document Transaction Management) would be the next big thing after ERP and CRM-systems.
  • 2
    We released the first version of the LegalThings platform. This version introduced a document and form builder, a document management system, advanced user and permission management and digital signing.
  • 3
    For FIRM24 we had created software to run the procedures behind an incorporation. Other customers were also interested in these digitized procedures. We did a small pivot, now focusing on digitizing the contracts as finite state machine, rather than just signing.
  • 4
    We have explored different methods of providing proof of signed documents. While other parties relied on trust and certifications, we wanted a better solution. We started using the blockchain for proof of existence.
  • 5
    We experimented with Ethereum Smart Contracts and found out that it could only be used for self-enforcing agreements. Inherent constraints make them unusable for legally binding contracts. Instead, we found a much better solution in using our FSM in combination with the blockchain.
  • 6
    During the blockchain hackaton organized by the Dutch ministry of Justice and Security, we demonstrated that a whole law can be digitized as a FSM and stored on the blockchain. This won us the first prize in the event which included the assignment to create the first digitized Dutch law on the blockchain.
  • 7
    Our token pre-sale starts on the 6th of December. For 24 hours, the pre-sale is open only for members. You can register to be whitelisted and participate in this members-only pre-sale. After the whitelist pre-sale, we'll continue with a public pre-sale.
  • 8
    We'll launch the LegalThings One platform as beta. All token holders will be able to use the platform. New content, like (live) model contracts will be added in the coming months.
  • 9
    All tokens represent the full capacity of the LegalThings One platform. During this sale we'll sell licenses (represented by LTO tokens) for the platform.
  • 10
    We'll publish the Live Contract syntax as open standards under the CC-BY-SA license. Software to run Live Contracts will be available under the MIT license. This will allow third-parties to to create and run Live Contracts without relying on LegalThings One.
  • 11
    To set precedence of the legality of data stored on the blockchain, we'll initiate trials in several countries. The following countries are candidates for these trials: United Kingdom, United States, India, Russia and the Netherlands.


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Full description

LTO Network enables collaboration between multiple organizations and departments via decentralized workflows, where parties can keep using their own (legacy) systems to participate in a process. LTO Network has been servicing clients from various industries since 2014. For over a year our focus has been on real-world decentralized workflow applications for enterprises, governments and standalone projects. LTO Network helps your organization drive transparency and efficiency while maintaining legal compliance and cutting down operational costs.


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