Gómez-Acebo & Pombo launches its own cryptocurrency

Gómez-Acebo & Pombo has launched its own cryptocurrency called ‘Pombo’.

The cryptocurrency will be launched In July. In a first phase, it will only finance pro bono projects, but in the future it will be used to pay for legal services.

This new cryptocurrency will be quoted on the public network Stellar (similar to a stock market or virtual stock exchange, but designed for blockchain technology).

Once the ‘Pombos are acquired, the buyer selects the project they wish to finance and, through an intelligent contract, their payment is registered and the tokens (or virtual currency) are transferred to the virtual wallet of each of the relevant social initiatives.

The firm has informed the National Securities Market Commission (CNMV), about the initiative. The CNMV has confirmed the initiative is classed as a service and not a profit-making venture, so it will not be regulated. 

A total of 350 Pombos will be launched in the first phase. They will be sold in packages of 35 units at a price of €1,000. The initial Pombos will expire after one year.

Gómez-Acebo & Pombo launches its own cryptocurrency

Juan fernandez


Iberian Lawyer, is a monthly digital magazine, published by LC Publishing, available in Spanish and English. It represents the main source of information in the legal business sector in Spain and Portugal. The digital magazine – and its portal – address to the protagonists of law firms and in-house lawyers. The magazine is available for free on the website and on Google Play and App Store.

In every issue of the magazine, you will find rankings of lawyers, special report on trends, interviews, information about deals and their advisors.

For further information, please visit the Group’s website www.lcpublishinggroup.com

Iberian Legal Group, S.L.
Registered office: C/ Ríos Rosas 44A - 2 G,H 28003 Madrid España

Copyright 2023 © All rights Reserved. Design by Origami Creative Studio


Share on linkedin
Share on twitter
Share on facebook
Share on whatsapp
Share on email
Share on telegram