About the firm

A boutique counsel practice for a small number of clients with consequential decisions to make.

The firm operates by retainer, by introduction, and on a deliberately limited roster. The work is what would once have required a senior partner at three different firms.

Arjun Khazanchi
Arjun Khazanchi  ·  Principal

Arjun Khazanchi

Founder & Principal Counsel

Arjun trained as a constitutional litigator at the Supreme Court of India, in the chambers of Senior Advocate Rakesh Dwivedi until January 2021, after a year as Judicial Clerk to the Hon'ble Mr. Justice C. Hari Shankar at the High Court of Delhi. The discipline of arguing before a constitutional bench — where every word is weighed and the burden of being wrong is total — remains the foundation of how he counsels.

He left the bar to found Rooba Finance, a digital asset infrastructure firm operating under the IFSCA Innovation Sandbox at GIFT City, India. Rooba is a founding-member institution of the ERC-3643 Association — the global standard for institutional tokenisation — and contributes to the Bank for International Settlements' Finternet initiative. That work is the origin of the firm's emerging-technology and tokenisation practice.

His attention now runs to the frontier: space law and the policy being written around the orbital economy, and the wider class of technologies that arrive before the rules that will govern them. The firm advises only on matters its principal has personally worked — sitting across from a regulator, structuring a novel instrument, taking a position where the law is not yet settled.

Currently: Arjun is CEO of MKX, a VARA-licensed virtual assets broker-dealer in Dubai. The operating role sharpens the counsel; it also draws a hard line, set out below.

Full curriculum vitae →
A line the firm does not cross

Because its principal is CEO of a VARA-licensed virtual assets broker-dealer, the firm does not act for VARA-licensed broker-dealers, and declines any engagement that would place it adverse to, or in competition with, that operating role. Where a prospective matter sits near that line, the firm discloses the position at the first conversation and, absent a clean separation, declines. Counsel and operating interest are kept apart by design, not by assurance.

The market for advice is wide. The market for counsel is narrow.

Most advisory work is either deep but slow, or fast but generic. The firm operates in the rarely-occupied quadrant: high context, continuous access.

Context held by the advisor →Speed of access →GenericPersonal & deepEngagement-pacedContinuousBig 4 advisoryBroad, generic, project-pacedBig lawDeep but episodicSpecialist consultancyDeep but project-boundFractional executiveContinuous but generalistKhazanchi & Co.Personal · continuous · principal-led
Fig. 01  ·  The advisory market, by context held and speed of access

The retainer buys judgement on demand, not hours on a timesheet.

Engagements begin with an introduction and a confidential conversation. The first thirty days are diagnostic. After that, the work is continuous — available within hours when needed, quiet otherwise.

01IntroductionBy referenceDay 002ConfidentialconversationWeek 103DiagnosticFirst written memoDays 1–3004ArchitectureSpecific deliverablesMonths 1–305ContinuouscounselOngoingQuarterly review · renewal by mutual decision · one principal throughout
Fig. 02  ·  The shape of a retainer engagement
ERC-3643 Association
Founding-member institution (through Rooba Finance) of the global standard for institutional tokenisation now used across regulated digital asset markets.
BIS Finternet
Contributor (through Rooba Finance) to the Bank for International Settlements' programme on the future architecture of cross-border financial markets.
IFSCA Innovation Sandbox
Operated Rooba Finance under the GIFT City regulatory sandbox — among the first wave of digital asset infrastructure firms in the framework.
Supreme Court of India
Constitutional litigation in the chambers of Senior Advocate Rakesh Dwivedi (until January 2021); judicial clerkship to the Hon'ble Mr. Justice C. Hari Shankar, High Court of Delhi.
Space-policy engagement
Active in the multilateral and national policy processes shaping the orbital economy — resource rights, debris liability and commercial space authorisation.
Polygon Labs ecosystem
Contributing practitioner across Polygon's institutional tokenisation and capital markets infrastructure.

Conversations are by introduction, and held in confidence.

The firm takes on a small number of new retainers each year. First conversations carry no fee and no commitment. They begin with a written introduction.

office@khazanchi.org