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Crown Dependencies

Guernsey

Guernsey provides established fund and corporate structures supplemented by GFSC supervision of digital asset activity, supporting institutional tokenisation and structured products.

regulatory maturity
Mature
market positioning
Fund Domicile
advisory suitability
High
institutional readiness
Established
A · Regulatory Scope

Scope, licensing and operational frame.

Scope of Regulation

GFSC supervises digital asset activity through applicable financial services laws and AML registration.

Who requires a licence

Financial services firms and AML-registered intermediaries dealing in digital assets.

Restricted activities

Unregistered activity outside the financial services perimeter.

Permitted activities

Licensed and registered digital asset activity under existing frameworks.

Practical & advisory implications

Substance, governance and AML/CFT controls align with international standards.

B · Regulatory Timeline

Evolution at a glance.

2020

GFSC guidance on virtual asset business issued.

2023

Tokenisation supervisory engagement formalised.

C · News & Updates

Recent regulatory signals.

Circular2026-01-07

GFSC clarifies tokenised fund operational expectations

D · Mercury Advisory View

"Guernsey supports structured digital asset activity through established financial services frameworks."

Mercury Regulatory Intelligence
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Related reports and direct advisory on Guernsey.