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.

Token offerings are an increasingly popular way for blockchain-based projects to raise funds, attract investors, and build ecosystems and...