Most Asian issuers treat a European listing as a distribution decision, until a venue's compliance questionnaire lands and nobody can answer it. SCG examines why MiCAR classification, white paper obligations, offer/marketing history and home Member State determination must be settled before a listing conversation begins, and sets out what a MiCAR-authorised trading venue will actually ask for during admission review.

Tokenisation was never meant to end with the token. We examine the shift from RWA issuance to collateral, repo and settlement — from MUFG's on-chain JGB repo pilot to ICMA's Digital Bonds Annex and HKMA's EnsembleTX — and sets out SCG's four-layer Institutional Usability Test for whether a tokenised asset can actually function as financial infrastructure.

Most gold-backed token issuers start in the wrong place — with the chain, not the structure. We examine why Hong Kong's Stablecoins Ordinance often doesn't apply to gold-referenced tokens, why "backed" is an operational claim rather than a marketing one, and the reserve, custody and redemption architecture that determines whether a gold-backed digital asset survives regulatory and market stress in Asia.

The U.S. Securities and Exchange Commission (“SEC”) has delivered a watershed moment for the cryptocurrency industry. In an unprecedented move, the SEC's Division of Corporation Finance has issued a comprehensive statement confirming that certain proof-of-stake staking activities do not constitute securities offerings under federal law. This is a fundamental shift that opens doors previously clouded by uncertainty.

The Monetary Authority of Singapore has set a deadline of June 30, 2025, for digital token service providers (which includes individuals, partnerships or Singapore companies) (“DTSPs”) to cease offering “digital token services” outside of Singapore, unless they are licensed under the new guidelines. All individuals, partnerships, and Singapore corporations should assess their operations and discuss with the SCG Advisory team as to whether you fall under these new guidelines.

Smart contracts represent one of the most exciting innovations in blockchain technology, offering a way to automate and enforce agreements without intermediaries. These contracts are central to the Web3 revolution, where decentralisation is redefining how we interact with digital platforms, financial systems, and legal structures. As businesses across industries increasingly adopt blockchain-based systems, understanding the legal implications of smart contracts is essential f

Token offerings are an increasingly popular way for blockchain-based projects to raise funds, attract investors, and build ecosystems and communities. However, with the rise of token sales has come a complex regulatory landscape that every founder must navigate to ensure compliance. This article explores the key regulatory challenges associated with token offerings and outlines the key legal requirements that founders need to consider to launch a successful and compliant cryp