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Initial coin/token offerings and tokenisation of real world assets

We have published guidance in response to the growing trend of asset tokenisation. We recognise the innovative potential of blockchain technology and the benefits that tokenisation can facilitate for the finance industry, such as liquidity, accessibility and transparency. In response to the potential benefits and growing demand, this guidance seeks to promote Jersey’s competitiveness as an international finance centre, and support industry by clarifying our regulatory expectations. We will continue to evolve this guidance through collaboration and engagement with industry.

Our updated initial coin/token offerings (IC/TO) guidance refreshes our original guidance published in July 2018, reflects updated terminology, and together with the tokenisation guidance, achieves a set of regulatory guidance that more effectively responds to the distinct nature and use of these assets.

Read our guidance

Are you issuing a virtual asset?

If you are issuing a virtual asset, read our initial coin/token offering guidance. A virtual asset, as defined by the Financial Action Task Force, means a digital representation of value that can be digitally traded or transferred and can be used for payment or investment purposes. It does not include digital representations of fiat currencies, securities or other financial assets.

Are you issuing a digital representation of an existing asset?

If you are issuing a digital representation of an existing asset, read our tokenised real world asset guidance. For the purpose of this guidance, stablecoins are considered to be tokens that are fully collateralised by cash or cash equivalents.