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MIDAO Partners With Rise


Leo Henkels

November 8, 2023

Announcing MIDAO's Partnership with Rise

Today marks a monumental chapter in the world of Web3-native organizations. Rise, known for its dedication to streamlining crypto <> fiat payroll and compliance operations for decentralized autonomous organizations (DAOs), is now an official partner of MIDAO, the exclusive registered agent for the revolutionary DAO LLC legal entity in the Marshall Islands.

This partnership is not just a collaboration; it's a leap towards revolutionizing Web3 and DAO compliance. Rise is the leading payroll and compliance platform for Web3 businesses and DAOs. They easily allow DAOs to pay and reward global contractors and contributors in fiat or crypto, all from one place. Rise makes it easy to fund DAO payments from on-chain treasuries automatically and provides community members the flexibility to withdraw their earnings in 90+ local currencies and 100+ cryptocurrencies, all while ensuring complete tax compliance.

The significance of this partnership cannot be overstated. For the first time, emerging DAOs within the MIDAO network will have access to a payroll and compliance service tailor-made for their unique needs. Rise's commitment to aiding DAOs in all facets of business, including payroll and compliance, meshes seamlessly with MIDAO's legal expertise. Together, they stand as a beacon for organizations navigating the complex legal and regulatory Web3 terrain.

Following, the recent amendment to the DAO Act of 2022 by the Marshall Islands, MIDAO is committed to find partners that share our commitment to innovation. Furthermore, we are focused on making sure that DAOs are equipped with all the tools necessary to exist as compliant businesses within the corporate arena. Now after incorporating a DAO LLC, MIDAO's clients will be able to seamlessly get started on their next compliance issue, focusing on their payroll with Rise.

MIDAO's partnership with Rise brings an exclusive offer to the table: any DAO / Web3 organization in MIDAO's network who books a demo with the Rise team will their first two months FREE! This is more than a discount; it's an invitation to be part of a groundbreaking payroll infrastructure that is already being used by some of the biggest DAOs, like Lido. This is a call to action for Web3-native organizations to solidify their operations with the backing of a powerful payroll tool.

The partnership is a testament to Rise's and MIDAO's shared vision of empowering DAOs and Web3 organizations. By providing a comprehensive ecosystem for these entities, they are not only fostering growth in the Web3 space but also ensuring that this growth is built on a foundation of legal certainty and operational efficiency.

The collaboration between Rise and MIDAO is more than a partnership; it's a pivotal step forward for the entire Web3 community. It represents an alignment of innovative legal solutions with operational excellence, a combination that will undoubtedly catalyze the success of decentralized entities. As we move forward, the path has never been clearer for DAOs seeking to solidify their place in a rapidly evolving digital landscape. Rise and MIDAO are here to ensure that your organization is not just a participant but a leader in the Web3 revolution.

Read Rise's blog here.