Singapore“One of the pioneering firms in web3 solutions, digital assets and tokenization, recognized for its innovation and solid reputation across Spain and Latin America.”
Jorge CorredorLawyer, Rincón Cuéllar & Asociados
Asset tokenization in Singapore
We build the platform to tokenize shares, debentures and revenue rights in Singapore: investor onboarding, ERC-3643 tokens and the ownership record the issuance designates, coordinated with the law firm that structures it under the Securities and Futures Act and MAS guidance.
Tokenize your asset
They trust Metlabs to tokenize their assets
Why Singapore
Why tokenize assets in Singapore?
Singapore applies the same rules to a tokenized security as to a conventional one, and MAS put this in writing in its November 2025 guide, with case studies on shares, debentures and funds. Since 2022, Project Guardian has brought together more than 40 institutions and regulators in more than 15 trials. For an issuer, the decision is which prospectus exemption to use and who distributes.
40+
financial institutions, industry associations and policymakers convened by Project Guardian
MAS · Nov 202415+
industry trials with tokenized assets, in six currencies across seven jurisdictions
MAS · Nov 2024What gets tokenized
Debt, equity and revenue: what gets tokenized in Singapore
Almost every tokenized issuance represents one of these three rights against the issuer. In Singapore, the right determines whether the token is a debenture, a share or a unit in a fund, which offer regime it follows and which license its distributor needs.
| Right | Debt | Equity | Revenue |
|---|---|---|---|
| What is issued | Debentures (bonds and notes) | Shares | Revenue rights |
| The investor receives | The investor lends to the issuer and receives interest and, at maturity, the principal. | The investor joins the share capital: dividends, voting rights and a share of any sale or liquidation. | The investor receives a share of the income from an asset or a portfolio: rents, energy sold, sales or royalties. |
| The token enforces |
|
|
|
| Issuer | Pte. Ltd. or Ltd. | Pte. Ltd. or Ltd. | Pte. Ltd. or Ltd. |
| Register | As set in the documents | Register of members | As set in the documents |
| Law | SFA 2001 | Companies Act 1967 and SFA | SFA 2001 |
| How it is issued | A token that evidences a loan to the issuer is a debenture and follows the same prospectus regime as a conventional one. If there are on-chain and off-chain records, the prospectus must state which one is definitive of legal ownership. | A token that represents a share is a security and, as a share, a non-complex product. A Pte. Ltd. can have at most 50 shareholders and its register is ACRA's electronic register of members, so a broad investor base calls for a public company. | If the income comes from property the issuer manages and is distributed among holders, MAS is likely to treat the token as a unit in a collective investment scheme, which needs authorization unless exempt. If the token is a debt of the issuer, it is a debenture. |
Regulation
Regulation guide for SingaporeWhich regulation applies to tokenization in Singapore?
Ordinary securities law. Singapore has no dedicated tokenization statute: the Securities and Futures Act 2001 and the Financial Advisers Act apply to a tokenized security just as to a conventional one, under the MAS principle of “same activity, same risk, same regulatory outcome”. The November 2025 MAS guide explains when the token is a share, a debenture or a unit in a fund.
An offer of those tokens needs a prospectus registered with MAS or an exemption: a small personal offer of up to 5 million Singapore dollars over 12 months, a private placement to no more than 50 persons, institutional investors or accredited investors, most of them with advertising restrictions. The prospectus must explain the network, the smart contracts, how keys are held in custody and which record is definitive.
Whoever operates the platform where tokens are issued needs a capital markets services license, and if it also lets investors trade them, MAS approval as an organized market. A payment services license for digital payment tokens does not cover tokenized securities. We coordinate the structure with specialist law firms, and licensed entities provide the regulated services.
Singapore
FavourableScore83
- Authorities
- Monetary Authority of Singapore (MAS)
- Latest regulatory change
- Sep 2026
Key authorisations
- Payment services licence covering DPT activity where required
- CMS licence for regulated capital markets activities
- Market operator approval or recognition where applicable
- Separate DTSP regime for exclusively overseas activity
Our legal partners
Methodology
How we tokenize an asset in Singapore, step by step
The four phases of our methodology, with the parties involved in Singapore. The law firm and our engineering team work in parallel from the asset review to investor acquisition.
We review the asset's title, encumbrances and cash flows, and decide with the issuer whether the token will be a debenture, a share or a revenue right, which in Singapore can make it a unit in a fund. That sets the vehicle, the amount and the rules of the issuance.
The law firm classifies the token under the MAS guide, drafts the prospectus or chooses the exemption: small personal offer, private placement, institutional or accredited investors. The documents set which record determines ownership and how the tokens are held in custody.
We configure the white label platform with your brand: investor onboarding with KYC, signature, payment and ERC-3643 tokens that only accept investors in the exemption's category. Reconciliation between the on-chain record and the legal register is custom development.
With the issuer and the licensed entity placing the issuance, we prepare the offer page within the exemption's advertising restrictions and measure the journey to a paid subscription. After the issuance, the platform handles distributions, transfers and reporting.
Reviews in Singapore
What do our clients think of Metlabs?
“We structured the tokenization of real estate projects with them, and I value the team's ability to understand our corporate needs and genuinely solve them.”
Joan MejíaManager, GLOBYNE
“They advised us on the feasibility of tokenizing real estate assets in Uruguay with direct, cordial treatment. A professional team, responsive and always available.”
Álvaro Silva SantamaríaCEO, Sp Inmuebles
“Great professionals at structuring tokenized projects, with technical command and attention to detail that inspire full confidence at every stage of the work.”
Francisco BetancourtVerified Google review
“As a blockchain lawyer, I value their experience and professionalism in consulting and executing tokenization projects. Technology partners you can fully trust.”
Vanessa RivasBlockchain lawyer, El Salvador
“Great professionals, very attentive to their clients and always mindful of every detail. Working with their team has been a genuine pleasure from start to finish.”
CriptorentVerified Google review
“A very professional yet approachable company that empathizes with your doubts and needs. Highly recommended for entrepreneurs with a tokenization project.”
Javier EspasaTokenization entrepreneur
“Exceptional in every sense. From legal support I value their rigor and transparency: working with Metlabs means professionalism, innovation and security.”
Pedro A. Agúndez MéndezGoogle Local Guide
“Excellent service across blockchain development, asset tokenization and consulting. A very professional team that I recommend wholeheartedly, without reservation.”
José Luis DíazVerified Google review
“I have worked with them on several projects and they are very professional. A guarantee that everything turns out perfectly. Without a doubt, 100% recommended.”
Ignacio Fernández JiménezVerified Google review
“One of the pioneering firms in web3 solutions, digital assets and tokenization, recognized for its innovation and solid reputation across Spain and Latin America.”
Jorge CorredorLawyer, Rincón Cuéllar & Asociados
“Great professionals at structuring tokenized projects, with technical command and attention to detail that inspire full confidence at every stage of the work.”
Francisco BetancourtVerified Google review
“A very professional yet approachable company that empathizes with your doubts and needs. Highly recommended for entrepreneurs with a tokenization project.”
Javier EspasaTokenization entrepreneur
“I have worked with them on several projects and they are very professional. A guarantee that everything turns out perfectly. Without a doubt, 100% recommended.”
Ignacio Fernández JiménezVerified Google review
“We structured the tokenization of real estate projects with them, and I value the team's ability to understand our corporate needs and genuinely solve them.”
Joan MejíaManager, GLOBYNE
“As a blockchain lawyer, I value their experience and professionalism in consulting and executing tokenization projects. Technology partners you can fully trust.”
Vanessa RivasBlockchain lawyer, El Salvador
“Exceptional in every sense. From legal support I value their rigor and transparency: working with Metlabs means professionalism, innovation and security.”
Pedro A. Agúndez MéndezGoogle Local Guide
“They advised us on the feasibility of tokenizing real estate assets in Uruguay with direct, cordial treatment. A professional team, responsive and always available.”
Álvaro Silva SantamaríaCEO, Sp Inmuebles
“Great professionals, very attentive to their clients and always mindful of every detail. Working with their team has been a genuine pleasure from start to finish.”
CriptorentVerified Google review
“Excellent service across blockchain development, asset tokenization and consulting. A very professional team that I recommend wholeheartedly, without reservation.”
José Luis DíazVerified Google review
Platform
What does our white label tokenization platform include in Singapore?
The investor portal, ERC-3643 tokens and issuer console, under your brand. Out of the box it handles onboarding, signing, payment and distributions; anything else your issuance needs, such as a local payment method or a connection to your bank or custodian, we build on the same platform.
Request a demo
- Your brand and domainYour visual identity and legal notices across the investor portal.
- Investor onboardingSign-up, KYC with NRIC or passport, KYB, MAS Notice SFA04-N02 and a custodial wallet.
- End-to-end investmentE-signature and payment in SGD by FAST or with stablecoin (USDT/USDC).
- ERC-3643 tokensEvery subscription is issued under the SFA rules for accredited investor offers.
- Issuer consoleProjects, investors, SGD reconciliation, interest payments and reporting.
- Compliance and audit trailCDD and AML file, sanctions screening per investor, and an exportable audit log.
Institutional custody, integrated
We integrate custody and key management providers through their APIs, including Fireblocks, BitGo, Coinbase Prime, Anchorage Digital, Copper and Ledger Enterprise. Depending on the provider and model, keys are managed with MPC or multisig so that none depends on a single device. If the token is a security, custody on behalf of clients is provided by an authorized entity.
FAQ
Frequently asked questions about tokenization in Singapore
What we are asked before a project starts.
Talk to our teamIs asset tokenization legal in Singapore?
Yes. MAS considers that a tokenized product is no different in economic substance from a conventional one, so the Securities and Futures Act and the Financial Advisers Act apply. What requires a license or authorization is the activity: offering the token without a prospectus outside an exemption, operating the platform, managing a fund or giving advice.
Can a Pte. Ltd. issue tokenized shares?
It can, but a private company can have at most 50 shareholders, so it suits rounds with few investors. Its register of members is ACRA's electronic register, updated when the change is filed through Bizfile. For a broad investor base, the usual vehicle is a public company.
How much can be raised without a prospectus in Singapore?
A small personal offer, made to pre-identified persons, allows up to 5 million Singapore dollars over 12 months. A private placement is limited to 50 persons over 12 months, and there are separate exemptions for offers made only to institutional or accredited investors. Most come with conditions and advertising restrictions.
Does a payment token license cover a tokenized securities platform?
No. The payment services license for digital payment tokens and the capital markets services license cover different activities. A platform where tokens that are securities are issued needs the latter, and if it lets investors trade them it may also need approval as an organized market.
Asset tokenization
Assets we tokenize in Singapore.
Asset tokenization
Articles on tokenization
Real Asset Tokenization: How RWA Tokenization Works
How to structure an RWA project: holder rights, issuance, recordkeeping, payments and recovery. What blockchain adds and what depends on the legal arrangement.
What are the differences between security tokens and utility tokens?
How to distinguish financial rights from service access, what legal classification examines and why a token’s name does not determine its regulation.
OpenZeppelin and ERC-3643: how a security token is built
What OpenZeppelin libraries and ERC-3643 controls provide, and what a securities issuance also requires: rights, permissions, operations and review.
Tokenize your asset in Singapore
Tell us which right you want to issue and we will propose the technical structure, timeline and phased budget.
Where we are
We're your tokenization company in:
Metlabs Offices
Av. García Sabell, 1, Edificio Proa 15009 A Coruña, Spain
We tokenize assets in
SpainUnited StatesUAEUnited KingdomMexicoAustraliaSwitzerlandColombiaArgentinaChilePeruPortugalGermanyHong KongBrazilEcuadorFranceIndiaPanamaAndorraAustriaBahrainBelgiumBoliviaCanadaCosta RicaCubaCyprusCzechiaDenmarkDominican RepublicEl SalvadorEstoniaFinlandGreeceGuatemalaHondurasHungaryIrelandIsraelItalyJapanKuwaitLiechtensteinLithuaniaLuxembourgMaltaMonacoMoroccoNetherlandsNew ZealandNicaraguaNigeriaNorwayOmanParaguayPolandPuerto RicoQatarRomaniaSan MarinoSaudi ArabiaSeychellesSouth AfricaSouth KoreaSwedenTurkeyUruguayVenezuela
