Cryptocurrency, Blockchain and Payment Services

• Advised a precious metals dealer seeking to tokenise precious metal and issued a Singapore law legal opinion on “asset backed tokens” under the Precious Stones and Precious Metals (Anti Money Laundering and Counter Terrorism Financing) Act 2019 and the Payment Services Act 2019.
• Advised one of Singapore’s first peer-to-peer cryptocurrency platforms and KYC solutions provider on the Payment Services Act 2019, MAS regulations, and, privacy and data protection policies.
• Advised a fintech company on the Payment Services Act 2019 and drafted a merchant agreement for the distribution of bitcoin and cryptocurrency point-of-sale system in Singapore.
• Advised a blockchain global trade and trade financing platform on the launch of e-wallet and e-commerce marketplace for compliance with MAS regulations and the Payment Services Act 2019
• Advised a cryptocurrency exchange on the Payment Services Act 2019 and MAS regulations. Issued a legal opinion on whether the cryptocurrency exchange would require a Payment Institution License under the Payment Services Act 2019 or an exemption on the basis that the exchange did not fall squarely within the regulatory purview of the Act.
• Advised an issued a Singapore law legal opinion to an issuer of digital tokens on whether the digital tokens issued pursuant to a token offering constitute “capital markets products” and/or “securities” under Singapore law.
• Advised a large real-estate company seeking to conduct one of Singapore’s first Security Token Offering for tokenised real-estate on the Securities and Futures Act and MAS regulations.
• Advised and drafted documentation including non-disclosure agreement(s) and token purchase agreement for an advisor to an ICO to be launched in Singapore.
• Advised, drafted documentation including token purchase agreement and issued a legal opinion in relation to a token offering to be launched in Singapore.
• Advised a fintech company on its software license agreement(s), website terms of service, privacy policy and KYC policy.
• Advised and managed contractual claim(s) and dispute resolution arising from purchase of digital tokens.

Corporate Advisory

• Advised a crowdfunding fintech company based in Singapore and Jakarta on its Series A investment of over USD 8 million.
• Advised on share swap agreement(s) in relation to corporate restructuring of subsidiaries of a multinational company headquartered in USA.
• Advised a Singapore blockchain technology firm in its cross-border M&A deal and post Series A funding round from a venture capital fund of over USD2.5 million.
• Advised and reviewed sale and purchase agreement, shareholders’ agreement and employment agreement(s) and preparing legal due diligence report for the purchase and acquisition of a blockchain technology company headquartered in Singapore.
• Advised on and reviewed teaming agreement for government tender for website development, migration and web-hosting solutions.
• Advised various start-ups and fintech companies in successfully obtaining the Enterprise Development Grant, Productivity Solutions Grant, Market Readiness Assistance Grant, and Digital Acceleration Grant.

Financial Services/Funds

• Acted as lead counsel and advised a Japanese Fund on the Variable Capital Companies Act, Securities and Futures Act, fund structuring, and other matters pertaining to the setting up of a Variable Capital Company in Singapore.