Gibraltar’s Protected Cell Companies (Amendment) Bill 2026

Published in the Gibraltar Gazette, the Protected Cell Companies (Amendment) Bill 2026 (the “Bill”) marks a significant evolution in the jurisdiction’s digital asset landscape. It enables PCCs specifically those authorised as Experienced Investor Funds (“EIFs”) to issue cell shares as share tokens recorded on a distributed ledger.

The legislation is meticulously constructed and the legal architecture is robust. However, before the market succumbs to the tokenisation hype, it is vital to distinguish between what this Bill achieves and what it intentionally avoids. This is not the sudden arrival of a rampant secondary market for tokenised securities; it is the laying of critical foundations, and in financial services, foundations matter.