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ARTICLE · 08 AUGUST 2025

Tokenisation Of Collective Investment Schemes

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The Malta Financial Services Authority ("MFSA") issued a press release on the Tokenisation of Collective Investment Schemes ("CIS"). This follows the release of the MFSA's Position Paper...

MaltaFinance and Banking
Joseph F. Borg
Joseph F. Borg
Gaby Zammit
Gaby Zammit
Isaac James Camilleri
Isaac James Camilleri
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The Malta Financial Services Authority ("MFSA") issued a press release on the Tokenisation of Collective Investment Schemes ("CIS"). This follows the release of the MFSA's Position Paper, which outlined the Authority's stance on the 'Tokenisation of Fund Units'.

In turn, the Position Paper marks an essential milestone for Malta's fund sector. As highlighted in the press release, it represents a significant step towards fostering innovation in the industry while keeping at its core the essential principles of integrity and investor protection, effectively aligning innovation with robust supervision.

Understanding tokenisation

Tokenisation refers to the issuance of a digital token representing an asset in a digital form on a shared, trusted and programmable digital ledger. These tokens are stored on a blockchain – a form of digital ledger technology ("DLT") – and can be transferred to other users on the blockchain. Tokens issued by CISs may be represented

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