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ONE RHT September 2021 Newsletter: Encouraging Innovation

This month’s feature article

Encouraging Innovation

Security tokens are tokenised digital securities created through security token offerings (STOs) and are traded using the blockchain distributed ledger technology. RHTLaw Asia Partner and Head of Financial Services (Regulatory Practice) Ch’ng Li-Ling speaks with The Tokenizer on how Singapore got into the tokenization and security token space, as well as Singapore’s vision for the future of the security token industry.

Meet Our Thought Leader

Ch’ng Li-Ling

Partner and Head of Financial Services
(Regulatory Practice)
RHTLaw Asia

Ch’ng Li-Ling is one of the founding members of RHTLaw Asia and heads the Financial Services (Regulatory) Practice. Her areas of practice include corporate and securities laws, capital markets, mergers and acquisitions, securities and financial services regulatory compliance, and corporate governance. She advises financial institutions, FinTech firms and investors on acquisitions and capital-raising, on MAS licensing and regulatory requirements for capital markets services providers, operators of organised markets and payment services providers on digital token issuances and the establishment of digital assets exchanges and e-payments platforms.

SDAX receives Recognised Market Operator licence from Monetary Authority of Singapore

Digiassets Exchange (Singapore) (“SDAX”) obtained its Recognised Market Operator licence from the Monetary Authority of Singapore to operate a digital asset exchange on 10 September 2021. Read on to find out how home-grown financial technology companies like SDAX opens new possibilities for asset owners and investors in the fast-growing digital asset economy given the increasing demand for alternative investments.

Chambers Blockchain 2021 Guide

Featuring 18 jurisdictions, the Chambers Blockchain 2021 guide provides the latest legal information on decentralised finance (DeFi); updates to tax systems to consider blockchain and cryptocurrencies; non-fungible tokens (NFTs); initial coin offerings (ICOs); smart contracts; data privacy and protection; and mining and staking. RHTLaw Asia Partner and Head of Financial Services (Regulatory Practice) Ch’ng Li-Ling and Of Counsel Aaron Lee contributed to the ‘Trends & Developments’ section of the Singapore chapter where they discuss the potential benefits of the central bank digital currency (CBDC), macro-economic and supervisory issues surrounding the CBDC, and whether Singapore needs a CBDC.

ASEAN Plus Group’s Regional Regulatory Guide to Asset Management in Asia-Pacific

According to a PwC report in 2019, the Asia Pacific (APAC) asset management industry is poised to take the lead for growth in global assets-under-management (AuM) for years to come. Recognising the fragmentation of legal and regulatory regimes in the asset management industry of APAC, this publication aims to provide a preliminary guide to the regulatory regimes of the asset management industry in 12 jurisdictions in the region.