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ARTICLE · 05 JUNE 2026

The Bermuda Monetary Authority Advises On The Proposed Regulatory Framework For Asset Tokenisation

Walkers
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On 9 April 2026, the BMA released a consultation paper ('Consultation Paper'), which builds on the Stakeholder Letter issued on 30 March 2026, and provides additional context and information regarding...

BermudaFinance and Banking
Rachel Nightingale
Rachel Nightingale
Natalie Neto
Natalie Neto
Sarah Demerling
Sarah Demerling
Leonie Tear
Leonie Tear
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Key takeaways

  • The Bermuda Monetary Authority (BMA) highlights the key points arising from the Stakeholders 'Feedback from Discussion Paper on Asset Tokenisation' and the BMA's 'Asset Tokenisation Consultation Paper'.
  • The proposed framework adopts a 'substance over form' and 'technology neutral' approach, under which tokenised assets would generally be regulated according to their underlying economic characteristics rather than the technology used.
  • The BMA proposes targeted amendments and harmonisation across existing regulatory frameworks, rather than the introduction of a standalone tokenisation regime.
  • Focused enhancements proposed for tokenised funds, including the ability for a fund to maintain tokenised funds registers and removing the requirement for authorisation for token issuances under the Digital Asset Issuance Act 2020.

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