Regulatory Alerts2025-11-14
Added
Guide on the Tokenisation of Capital Markets Products
The Monetary Authority of Singapore issued this guide to clarify the application of securities laws to capital markets products tokenised via distributed ledger technology. It mandates that tokenised products be regulated based on their economic substance, requiring issuers to comply with prospectus, authorisation, and disclosure obligations while highlighting specific technology and custody risks. The document further outlines distribution safeguards for complex products and regulatory expectations for entities facilitating activities across the tokenised capital markets value chain.
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