Nature of crypto funds

Do I need a licence to set up a crypto fund in Singapore? What type of licence?


  • Yes.

    "Corporations with fund management as their principal business activity in Singapore have to be either (1) registered fund management companies (RFMCs) or (2) licensed fund management companies (LFMCs) which hold a capital markets services licence for fund management. RFMCs and LFMCs are regulated by the Monetary Authority of Singapore (MAS) under the Securities and Futures Act of Singapore (SFA)."

    Source: Simmons & Simmons, last revised on 7 Dec 2017