“We think of [decentralized exchanges] and DAOs as ships. They live in international waters, right?” Mark Lurie, CEO of Shipyard Software, told CoinDesk in an interview. “So when trying to figure out where to incorporate [Shipyard Software], we realized, Oh, let’s look at ships. And it turns out ships are all registered in the Marshall Islands. And that’s what led us here.”
Source: https://www.coindesk.com/policy/2022/02/15/how-the-marshall-islands-is-trying-to-become-a-global-hub-for-dao-incorporation/?utm_medium=referral&utm_source=rss&utm_campaign=headlines