Linklaters has partnered with the Monetary Authority of Singapore (MAS) to tackle legal challenges and uncertainties surrounding the tokenisation of financial assets in Singapore. This collaboration aims to support MAS’s ongoing efforts to promote responsible innovation and the development of tokenised capital market products.
Utilising its expertise in financial regulation and capital markets, particularly in the fintech sector, Linklaters worked closely with MAS to scrutinise Singapore’s legal framework, including common law and national legislation. The project also addressed practical challenges faced by market participants, contributing to MAS’s updated Guide on the Tokenisation of Capital Market Products. This update further cements Singapore’s status as a leading fintech and digital asset hub.
Linklaters leveraged its global expertise, referencing regulatory approaches from the European Union, United Kingdom, Germany, Luxembourg, Japan, and Hong Kong SAR. The project was led by Peiying Chua, with key contributions from partners Evan Lam and Jonathan Horan, among others. Chua remarked, “Our collaboration with the Monetary Authority of Singapore exemplifies Linklaters’ collaborative approach, bringing together expertise from across practices and jurisdictions to serve client needs.”
The firm’s multi-disciplinary team also recently advised on the launch of the GL1 MI Toolkit, aimed at advancing global financial infrastructure for tokenised assets. This initiative underscores Linklaters’ commitment to driving innovation in digital finance and supporting capital markets worldwide.
