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Comparative StudyTokenisationGlobal2026

Token Issuance — Licensing Pathways Across Jurisdictions

Comparative analysis of token issuance licensing pathways across major jurisdictions.

Access

Full PDF version available on request for institutional engagement.

Executive Overview

Token issuance pathways differ substantially across jurisdictions, with implications for structuring, distribution and ongoing obligations. This study covers EU (MiCAR), UK, Singapore, UAE, Switzerland, Mauritius and Bahamas.

Key Findings

  1. 01

    Authorised issuance increasingly requires substantive prospectus or white paper standards.

  2. 02

    Distribution restrictions vary materially between jurisdictions.

  3. 03

    Ongoing reporting and governance obligations are intensifying.

Advisory Relevance

Essential for token issuers evaluating cross-border structuring.