Kaal Consulting

Wulf Kaal is a leading expert on Distributed Ledger Technology. His research focuses on crypto economics, innovation, DLT applications, smart contracts, initial token offerings, and the crypto evolution, including 4th generation crypto infrastructure products. Before entering the academy, he was associated with Cravath, Swain & Moore LLP, in New York, and Goldman Sachs in London, UK.

 Kaal advises enterprises, crypto startups, venture capital funds, governments and international policy makers on DLT strategies, disruption, innovation, adoption scenarios, and blockchain based solutions in FinTech. As an advisor and mentor, Kaal focuses on creating synergies for his clients to build successful new businesses on existing and developing DLT technology solutions.

 Kaal is a leading expert and the most widely published proponent of blockchain innovation in law and corporate governance as well as dynamic regulation and associated regulatory applications to improve and expand innovation, including through blockchain technology and smart contracting.

 As a professor and technologist, Kaal speaks regularly at leading crypto conferences in the United States, Europe, and Asia. His speaking engagements include presentations at the European Central Bank, Harvard University, Columbia University, University of Chicago, UCLA, George Washington University, Northwestern University, Emory University, and the University of Notre Dame, Bocconi University, and Tilburg University, among many others.

 Kaal teaches Disruptive Innovation, Coding for Lawyers, Dynamic Regulation, Private Investment Funds, Federal Securities Regulation, Corporate Law, International Finance, and European Union Law at the University of St. Thomas School of Law in downtown Minneapolis. He has previously taught at the University of Minnesota Law School, Humboldt University in Berlin Germany, European Business School in Wiesbaden Germany, and Tilburg University Law School in the Netherland.

Kaal is also a leading expert on private investment fund regulation and compliance and private investment fund innovation in finance. His scholarship constitutes over 85% of the empirical and theoretical scholarship on private fund regulation in the United States. Using hand-selected and commercial databases that have industry-wide application, Professor Kaal applies empirical methods to investigate the effects of financial regulation across a wide spectrum of regulatory issues. His theoretical research focuses on the use of finance and economic theory to analyze and inform financial and regulatory policy. Kaal’s study on the effects of hedge fund registration requirements under Title IV of the Dodd-Frank Act has gained national attention and was covered in a Business Week article and other journals.

 As a consultant, Kaal assists clients with blockchain based projects including initial token offerings.  He regularly advises major corporations and private funds regarding various aspects of financial markets and their interaction with cryptocurrencies.  He also assists law firms in complex litigation involving private investment funds and alternative investments.

 Expert witness and consulting engagements within Kaal’s area of expertise include corporate law, federal securities regulation, fiduciary duties, voting requirements, conduct and duties of board of directors, insider trading, duties and obligations of broker-dealers and investment advisers, SEC oversight of investment advisers, compliance of private investment funds, among others.