You’re building on-chain in Singapore. Whether what you issue counts as a financial product decides most of what follows.
Information, not advice
This page is information, not legal advice about your matter. A retainer begins only when a lawyer confirms it.
Start here
Work out what your asset legally is, first
Whether MAS treats it as a digital payment token or a capital markets product decides your licence and what you may say in marketing.
What to work through, in order
Characterising the asset
Whether MAS treats the asset as a digital payment token, a capital markets product, or neither. The rights attached to it decide, not the marketing description.
Custody and who holds the keys
MAS requires digital payment token service providers to segregate customer assets, hold the majority in cold storage, and maintain custody arrangements it can inspect.
Tax treatment
Digital payment tokens used as payment are exempt from GST, and whether gains are capital or revenue depends on the badges of trade. There is no general capital gains tax.
Next steps
What happens if you go ahead
Scoping call
Written scope and fixed-fee quote
Engagement, once a lawyer confirms
Who would handle it
Offices
Melbourne
Level 17, 31 Queen Street, Melbourne VIC 3000
Sydney
Unit 3, 55 Pyrmont Bridge Road, Pyrmont NSW 2009
Gold Coast
Level 5, 33 Elkhorn Avenue, Surfers Paradise QLD 4217