01    Practice briefUpdated Q1 2026

Built from the other side of the listings desk.

Cohen Consulting is a single-principal advisory. The work is done by the Principal. The mandate count is capped. The read is unvarnished.

§ 02  · Principal

Tal Cohen — operator, counsel, executive.

PORTRAIT · DROP PHOTOGRAPH HERE

Former CEO of a Tier-1 US centralized exchange. Before crypto, a career built on strategy consulting at a global firm and securities practice inside an international law firm. Twenty-five years in total, across three disciplines that rarely meet in one résumé.

The firm is structured around that operating perspective. Clients receive the analytical rigour of a consulting engagement, the risk sensibility of counsel, and the pattern recognition of someone who has sat on the listings committee.

2019 – 2023Chief ExecutiveTier-1 US Exchange
2015 – 2019Operator & AdvisorDigital Asset Markets
2007 – 2015Strategy ConsultantGlobal Consulting / Platform
1999 – 2007Securities CounselInternational Law Firm
§ 03  · Principles

Four commitments we won't flex.

  1. I

    Fit before fee

    If the listing case isn't there, we say so. We decline roughly two of three inbounds.

    Discovery
  2. II

    Principal access

    No associates. The Principal takes the call, writes the memo, and sits in the committee room.

    Delivery
  3. III

    Transparent economics

    Success fees are disclosed at letter-of-engagement. No opaque introducer arrangements.

    Economics
  4. IV

    Operator standard

    Every deliverable is written to the standard a listings committee would accept on first read.

    Standard