Custodian Services (Digital Asset) License
Investment Banking License
A Crypto Wallet is a software application used for holding, storing and transferring digital asset. This definition is provided by the Financial Services (Custodian Services (Digital Asset)) Rules 2019.
The type of company that need to be structured for an Investment Banking License is a Domestic Company incorporated and administered by a local Management Company.
The company holding an Investment Banking License may conduct the activities of an Investment Dealer (Full-Service Dealer including Underwriting), Investment Adviser (Unrestricted), Investment Adviser (Corporate Finance Advisory), Asset Management and Distribution of Financial Products.
You will also be required to apply for the Custodian Services (Digital Asset) License from the Financial Services Commission that will enable you to carry out the intended custodian services.
We have 5 companies duly regulated by the Financial Services Commission to offer Investment Banking services to its end clients. One of them is Arie Capital Investment (ACBM) Ltd which is currently applying to the FSC to act as a custodian of digital assets as well.
If you require more information about the rules governing the Investment Banking License, please click on ‘Learn More’.